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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 Records"
The Clerk of each California bankruptcy court maintains all documents and pleadings filed with the court.
Additionally, schedules filed by debtors, the court's docket, pending hearings, and court orders are also available
for public review. Many records are available online through the PACER system, for a fee, or may be reviewed at
the Clerk's office via public access computers.
| 11 U.S.C. §107: "(a) 'Except as provided in subsection (b) of this section, a paper
filed in a case under this title and the dockets of a bankruptcy court are public records and open to
examination by an entity at reasonable times without charge. (b) On request of a party in interest, the bankruptcy
court shall, and on the bankruptcy court's own motion, the bankruptcy court may - (1) protect an entity with
respect to a trade secret or confidential research, development, or commercial information; or
(2) protect a person with respect to scandalous or defamatory matter contained in a paper filed in a case under
this title" |
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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