In a case that could have a significant impact on San Diego and California bankruptcy clients, the U.S. Supreme Court is set to rule on an important issue related to Chapter 7 bankruptcy filers and their properties, when there are multiple mortgages on the property. Mortgages and Bankruptcy In the economic housing boom of 2007-2013 [...]
The Supreme Court has recently ruled on a new case that will affect San Diego Bankruptcy debtors, and everyone with debt should be aware of its holding before filing for bankruptcy (or better yet, make sure you have bankruptcy lawyers who are aware of it). The case, Clark v. Rameker, involves how retirement benefits are [...]
Even though bankruptcy filings were down in Los Angeles County in 2020, financial experts expect to see a surge of bankruptcy filings in the next few years. The coronavirus pandemic and related shutdowns have forced many families and businesses into economic peril. Nonetheless, the number of national bankruptcies filed in 2020 was the lowest it [...]
Bankruptcy Law Center recently won an important appeal before the Ninth Circuit in Delisle v. Speedy Cash. The San Diego bankruptcy law firm represents the plaintiffs in a class-action lawsuit involving unfair interest rates used in Speedy Cash’s short-term loans. Justice Gonzalo P. Curiel denied Speedy Cash’s Motion to Compel Arbitration and Stay Proceedings. The [...]
As the coronavirus pandemic wages on, 24 Hour Fitness, a popular gym chain, has filed for Chapter 11 bankruptcy. The company will be closing over 130 locations in Texas, California, and in several other states. The gym chain operates over 300 locations across the country. 24 Hour Fitness is the second national gym chain to [...]
What happened recently in a California bankruptcy court case is a good reminder of why it is so important to choose the right legal team for your bankruptcy case. A bankruptcy is a complicated legal tool used to relieve the stresses associated with difficult financial situations, and because of its complexity, the right attorney needs [...]
In a recent case out of federal bankruptcy court in California, a judge awarded punitive and compensatory damages to a woman who filed for bankruptcy. This case is an example of how and why it is so important that qualified and talented bankruptcy counsel be used for a bankruptcy filing in California. Background of Case [...]
One of the important assets that can be protected during a bankruptcy are vital retirement funds that one accrues over a lifetime of working. For years the federal government has provided protections and incentives to people so they can save for retirement, and one of those protections has been in the Bankruptcy Code. Under the [...]
One of the most important and fought over areas of bankruptcy law is the automatic stay. This portion of the law is known as the automatic stay provision, and can be found in 11 U.S.C. § 362(k). It is important because of the protections it provides to debtors filing for bankruptcy in California or elsewhere. [...]
image courtesy of Jimi Filipovski Although not the typical result in a bankruptcy case, the Ninth Circuit Court of Appeals recently upheld a bankruptcy judge’s decision to deny a discharge in bankruptcy. We are fortunate to live under a legal system that allows debtors to petition for a discharge, and in most cases, [...]