Thomas F. Miles, Attorney and Counselor at Law
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Posts tagged "Bankruptcy Exemptions"

Woman allowed to claim pension under bankruptcy exemption law

Many California residents are aware that there are certain exemptions that can be made during a personal bankruptcy case. That means that certain types of assets will not be included in the bankruptcy process, allowing individuals the right to make use of those assets as they see fit. Certain types of retirement savings are among the assets eligible for bankruptcy exemption. In one recent case, a bankruptcy court in California considered which types of retirement savings can be exempted from a Chapter 7 bankruptcy.

Proposed legislation to expand bankruptcy exemption law

When a California homeowner encounters serious financial difficulties, filing for personal bankruptcy can be a very appealing option. Bankruptcy laws are written to protect consumers, but there are instances in which those protections seem to fall short of that goal. An example may be found in the use of the bankruptcy exemption, which may not adequately shield homeowners from losing the value of their home.

Are your IRA funds eligible for bankruptcy exemption?

For those in California who are preparing to file for personal bankruptcy, the safety of their retirement investments is often a top concern. In general, money placed within an IRA is classified as exempt from the bankruptcy estate. This means that those funds will not be used to repay creditors, and will remain in place throughout the entire process, due to the bankruptcy exemption.

What exemption laws can be used in a Chapter 7 bankruptcy?

California residents who find themselves in a difficult financial situation often feel overburdened and in need of a fresh start. For some, a bankruptcy filing may be a viable solution to their financial problems, but understandably, they may have concerns as to what will happen to their personal property if a bankruptcy proceeding is pursued. In some cases, bankruptcy exemption laws can be applied for to help protect some of their personal property.

Bankruptcy exemption in California can help save real property

There are many questions for people in California who have decided to enter into the personal bankruptcy process. Among the most important for some are the bankruptcy exemption rules and how they apply to an individual case. In fact, many find that they benefit from these rules when they are able to save their personal and real property.

California bankruptcy exemption rules can help some

In California, when a person finds that they are unable to repay the debts that they owe, they may consider filing for a personal bankruptcy. This filing can be a good choice because of the protections offered by the bankruptcy exemption rules that apply to each case. These rules allow for some people to keep the property that they own when they file.

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