San Jose Bankruptcy Blog

By Ryan C. Wood Celebrity bankruptcy cases usually involve some sort of tax debt owed to the Internal Revenue Service. O.J. Simpson dream team attorney F. Lee Bailey’s, or Francis Lee Bailey, recently filed chapter 7 bankruptcy case is no different. I know there is a lot of water unde

By Ryan C. Wood The process of filing for bankruptcy protection can be a stress free process. We try very hard to make the bankruptcy process as smooth and stress free as possible. There is a definitely a method to the madness around here and it is all for our clients’ benefit. Our me

By Ryan C. Wood There have been a number of recent cases regarding the California Homestead Exemption pursuant to CCP 704. The main issue is whether the California Homestead Exemption can be claimed when the person claiming does not physically live in the house. First though there are

By Ryan C. Wood Wait, there is no such thing as Chapter 20. You looked it up right? Chapter 20 bankruptcy is kind of like ordering a burger “Animal Style” at In and Out. Chapter 20 is not on the menu but it absolutely exists. Just ask the Free’s, Bankruptcy Case No. 14-41876, filed in

By Ryan C. Wood I do not know how many of our articles answer questions with the answer, “it depends,” but when you have multiple factors that come together to answer a question what else can be said? It depends. Many times a deal is worked out or there is some sort of payment owed to

By Ryan C. Wood It pays to ask questions every now and then. One such question turned into a quest for more information regarding Section 544 of the Bankruptcy Code and a trustee’s power to step into the shoes of a particular creditor, the mighty Internal Revenue Service (IRS). Sectio

By Ryan C. Wood Yes, you can still strip off an underwater junior lien or mortgage when filing a bankruptcy under Chapter 13, 11 or 12. A recent Supreme Court of the United States holding in Bank of America, N.A. v. Caulkett, 13-1421, is about lien stripping in Chapter 7 cases. I was