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Avoid Mistakes When Planning and Filing Virginia Bankruptcy Cases
The best-planned bankruptcy cases go unnoticed. A few debtors glide through the system without attracting attention and receive full discharges in record time. Luck is not involved, but rather each successful debtor begins planning strategically a few weeks or months in advance. These debtors know something that you don’t.
Free - 2010 Bankruptcy Strategies Explained
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"California Bankruptcy Lawyers"
All California bankruptcy lawyers who regularly represent clients before federal courts must be licensed by the
Federal district. An exception is made for out of town lawyers who may appear pursuant to a pro hac vice
admission, which must be approved on a cases by case basis. Lawyers who regularly clients regularly before the
court should be admitted and provide proof of licensure upon request.
| Uniform Local Bankruptcy Rule 4 provides "If the attorney fee disclosure statement is
not timely filed as required by Bankruptcy Rule 2016(b), the case shall be subject to dismissal. At the
meeting of creditors, the officer presiding shall review the attorney fee disclosure statement to insure
that the statement was filed within fifteen days after the order for relief and meets all requisites of
Bankruptcy Rule 2016." |
The California Bankruptcy Courts adopted new statutory limits (dollar amounts) within Title 11 of the U.S.
Code. Section 109(e) - the allowable debt limit for unsecured debt is increased to $307,675. The allowable
debt limit for secured liabilities is increased to $922,975. The minimum aggregate claims need to commence an
involuntary petition under Section 303(b) is increased to $12,300. Exemptions provided by Section 522 are also
increased. The maximum value of homestead equity that may be claimed is increased to $18,450. Other exemption
increases include paragraphs (2) through (8). Luxury goods and services obtained within 60 days before filing
are nondischargeble, if exceeding the newly amended amount of $1,225. These amounts are adjusted automatically
by California bankruptcy courts every three years.
Back to California Bankruptcy words & phrases.
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