Bankruptcy Exemptions in the State of California
California’s unique approach to bankruptcy allows residents to choose state-specific exemptions instead of federal ones. The California bankruptcy exemption system offers two sets of exemptions that play a crucial role in protecting your assets during the bankruptcy process.
Overview on Debt Settlement
There is no question that the emotional and psychological effects of debt can be devastating and impact numerous aspects of a debtor’s life. Debt can affect your ability to have a nice dinner with friends to your ability to go on a much needed vacation or pay for everyday living expenses. Having too much debt […]
The Bankruptcy Means Test
What Is the Bankruptcy Means Test Used For? Section 707(b)(2) of the Bankruptcy Code applies what is called a “means test” to determine whether a debtor’s filing of a Chapter 7 would be presumed an abuse of the Bankruptcy Code, thereby requiring a conversion of the case to a Chapter 13. Essentially, the “means test” […]
Welcome to Our Bankruptcy Blog for Oakland!
Are you facing a financial hardship? Do you feel overwhelmed by debt? If so, working with Kostopoulos Law Group — Kostopoulos Bankruptcy Law can help! Our team is comprised of caring, experienced and understanding legal professionals who stand ready to ensure that you receive a favorable outcome for your case. We have 10 years of […]