California’s Homestead Exemption and Your Home Equity in Bankruptcy
How A House in Probate Impacts Your Finances Whether you keep your home in a California bankruptcy often comes down to one thing: the homestead exemption, which protects a chunk of your home equity from creditors. California’s is generous compared…
The Automatic Stay and the Trustee: Selling During Bankruptcy
How A House in Probate Impacts Your Finances Many homeowners want to sell during their bankruptcy – to free up equity or simplify their lives. You often can, but not on your own: the automatic stay and the trustee shape…
Chapter 7 vs. Chapter 13: What Happens to Your House
How A House in Probate Impacts Your Finances The single biggest factor in what happens to your home in bankruptcy is which chapter you file. Chapter 7 and Chapter 13 work very differently for homeowners. Here is the plain-English comparison,…
Selling a House in or After Bankruptcy in California
How A House in Probate Impacts Your Finances If you are facing bankruptcy – or coming out the other side of it – the question that keeps you up at night is usually about the house. Can you keep it?…
Can You Sell the House During a Pending Divorce in California?
How A House in Probate Impacts Your Finances Many couples want to sell the house before the divorce is final – to stop the mortgage drain and split the cash. You often can, but there are rules: both spouses generally…
Sell, Buy Out, or Defer: Dividing the House in a CA Divorce
How A House in Probate Impacts Your Finances Once you know the home is community property, the question becomes how to divide it. In California there are three main paths – sell, buyout, or deferred sale – each with trade-offs.…