Bankruptcy’s tie to homeownership
Bankruptcy numbers have been artificially low in 2020-2021. Prepare for today’s zombie businesses to fold with the next recession.
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Tag: chapter 7 bankruptcy
Is occupancy sufficient to establish residency for the purposes of claiming a homestead exemption?
In re Gilman Facts: An owner living in a residential property files for bankruptcy. The owner...
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Is property owned in joint tenancy by a married couple presumed to be community property?
In re Brace Facts: A married couple purchases several residential properties, taking title as...
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May a junior lien on a property be extinguished in Chapter 7 bankruptcy when the debt on the senior lien exceeds the property’s FMV?
Bank of America v. Caulkett Facts: A homeowner obtains two mortgages to fund their purchase of a...
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Does a one-year bankruptcy discharge limitation protect a debtor’s property from a creditor’s lien?
Facts: A debtor filed a Chapter 13 bankruptcy petition and transferred property they owned into a...
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Is a bankruptcy trustee able to recover administrative fees from a debtor’s $75,000 homestead exemption?
Facts: A debtor filed for Chapter 7 bankruptcy. The debtor declared $75,000 of net equity in their...
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