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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 Listing"
Current pending California bankruptcy cases are listed on the court's docket. The PACER system is a federal
data base which is available online, for a fee, which provides access to the docket listing and case
information.
| Rule 5003 of the Federal Bankruptcy Rules of Procedure provides, in part, " (d)
Index of Cases; Certificate of Search. The clerk shall keep indices of all cases and adversary proceedings
as prescribed by the Director of the Administrative Office of the United States Courts. On request, the
clerk shall make a search of any index and papers in the clerk's custody and certify whether a case or
proceeding has been filed in or transferred to the court or if a discharge has been entered in its records." |
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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