GOLDBACH LAW BLOG

WHAT DEBTS ARE ERASED BY A BANKRUPTCY? Most unsecured debt is erased in a bankruptcy except for: Child support and alimony; Debts for personal injury or death caused by your drunk driving; Student Loans. Income tax debt. Note on Private Student Loans: On June 7 2007,...

Chapter 13 and Chapter 7 Bankruptcy Each Provide Different Benefits   While a Chapter 7 Bankruptcy and Chapter 13 Bankruptcy both offer benefits to the individual consumer, each type of bankruptcy provides the individual consumer with differing types of benefits....

AB 1775 – Wage Garnishments: Exempt Earnings. Increases the amount of wages protected from garnishment. Under existing law, the maximum amount of wages exempt from garnishment was the lesser of 25% of an individual’s weekly disposable earnings or 30 times the federal...

Many people see bankruptcy as an admission of failure, irresponsibility or weakness. They fear the prospect of filing for personal reasons, adding to the strain of financial distress and uncertainty. While there is no question that declaring bankruptcy has its...

If a California employer is found to implement an adverse employment action in violation of public policy, an employee damaged by the action may initiate a tort claim of wrongful termination. California courts explained that when an employee is fired for performing an...

You’re upside-down on your home While many in the news are already celebrating a housing recovery, an estimated 7 million Americans remain underwater on their mortgages. Bankruptcy is one of six main options for dealing with an underwater mortgage and it can provide...

Filing Chapter 7 bankruptcy is a process provided for under Federal law that entitles you to make a fresh financial start. Chapter 7 eliminates most of your unsecured debt and is normally suggested for someone with few or zero assets. 'Unsecured debts' released by...

California, like many other states, is an at-will state, meaning employers can discipline or fire employees at will (that is, without either needing or providing a reason to the employee). That said, there are situations in which the firing of an employee could be...

The Federal Housing Administration wants to make it easier for people who have defaulted on their mortgages to get a new home loan with FHA backing. But there's a catch. To qualify for the break, borrowers must show that their foreclosure or bankruptcy was caused by...