The federal government will soon begin issuing recovery rebates to qualified individuals under the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 (the “Act”). The rebates total at most $1,200 per individual or $2,400 per married couple filing jointly, with an additional $500 paid for each qualifying child under the age of 17….
COVID-19 341(a) Hearing Procedures
NOTICE FROM THE UNITED STATES TRUSTEE INSTRUCTIONS AND INFORMATION FOR PARTICIPATION IN TELEPHONIC SECTION 341 MEETINGS THE CENTRAL DISTRICT OF CALIFORNIA INFORMATION FOR THE SECTION 341 MEETING OF CREDITORSBecause of developing issues with the COVID-19 virus and the national declaration of emergency by the President of the United States, § 341 Meetings of Creditors (“Meetings”)…
ORDER TO EXTEND DEADLINES PURSUANT TO THE FEDERAL RULES OF BANKRUPTCY PROCEDURE AND BANKRUPTCY CODE
UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA GENERAL ORDER 20-03 The Court hereby finds that on March 13, 2020, the President of the United States declared a national emergency in response to COVID-19 outbreak. Based on guidance received by the Court from national, state and local agencies, procedures have been put in place by…
CORONAVIRUS PUBLIC EMERGENCY ACTIVATION OF CONTINUITY OF OPERATIONS PLAN
UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA ORDER OF THE CHIEF JUDGE 20-042 WHEREAS, the President of the United States has declared a national emergency in response to the outbreak of COVID-19, also known as the “Coronavirus;” WHEREAS, the Governor of the State of California has declared a state of emergency in response to…
Central District Bankruptcy Court GENERAL ORDER 20-02- PROCEDURES FOR PUBLIC EMERGENCY RELATED TO COVID-19 OUTBREAK
Upon consideration of (a) the state of emergency declared by the President of the United States regarding COVID-19, (b) the directives from federal, state, and local officials regarding safety of the public and the personnel of this court, (c) the suspension of meetings of creditors (11 U.S.C. § 341(a)) by the United States Trustee, Region…
How Long Does Chapter 7 Bankruptcy Take in Riverside, California?
The causes of debt problems are as varied as the people who experience them. Job loss and unexpected medical bills are frequent factors. You may be considering bankruptcy as an option. Whether filed as a Chapter 7 liquidation or a Chapter 13 repayment plan, a bankruptcy case will be completed upon the issuance of a…
Which California Bankruptcy Exemption System Should I Use?
When a person files a Chapter 7 bankruptcy petition, the federal Bankruptcy Code requires that he or she must surrender assets to the bankruptcy trustee. The trustee, in turn, liquidates the assets in this so-called bankruptcy “estate” and distributes the proceeds to creditors. However, the accepted intent of the Code is to rehabilitate and not…
Dealing With Small Business Debt: Alternatives to Bankruptcy in Riverside, California
Though finding a benefit in the upheaval of the Great Recession of 2007 is a challenge, it does appear to have furthered the demise of the societal stigma associated with personal bankruptcy. Studies suggest that the stigma of filing for personal bankruptcy began in the 1990s. Since many small businesses are closely associated with their…
Your Pension in Bankruptcy in Santa Ana, California
By and large, Americans are spenders, not savers. Nowhere is this more clearly shown than in studies regarding the typical amount we have saved for retirement. An ever-shrinking minority, whether employed in the private or public sector, people have “defined benefit plans” (“pensions”) on which to rely. As for the rest, though, despite the creation…
Newlyweds and Bankruptcy
With couples tending to delay marriage until their late 20s and beyond, it has become common for them to bring existing financial and household assets to the relationship. The resulting decisions, while not always easy, tend to revolve around things such as whose furniture to keep and whether to open a joint bank account. Sometimes,…