Tag Archives: Bankruptcy Exemptions

My Creditor Has Sued and Gotten a Judgment Against Me. Is It Too Late to File Bankruptcy?

Among the many common myths about bankruptcy I hear from prospective clients seeking bankruptcy advice is the notion that once a credit card or other bill collector sues and obtains a court judgment on a debt, it may be too late to file bankruptcy. This is simply not true. Unless the judgment includes causes of […]

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How Do I Place a Value on My Small Business in Bankruptcy?

No doubt it’s because I practice debtor’s bankruptcy in San Jose, which has traditionally had more than its share of entrepreneurs and small business owners, many of my bankruptcy clients are self employed. Because every debtor, whether in Chapter 7 or 13 must list all of his or her assets and provide a value for […]

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Will My Child’s College Savings Be Affected if I File Bankruptcy?

Like so many answers to legal questions, the answer here really is: “it depends.” Whether the savings you have put away for your child’s college education will be available to a bankruptcy trustee depends on what chapter of bankruptcy you file, in what type of account those savings are held, and finally, how long ago […]

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