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BANKRUPTCY PROTECTION FOR YOUR CALIFORNIA HOME JUST GOT A BIG BOOST

Joselina Medrano, Esq. The Ashcraft Firm 29970 Technology Drive, Ste. 217 Murrieta, CA 92563 951-304-3431 Ms. Medrano is an experienced bankruptcy attorney practicing In Southern California. She is a graduate of Cornell University and Cal Western School of Law. California’s governor, Gavin Newsome, signed a new bill (AB1885) into law that significantly increased protection for consumer’s residences when a consumer files bankruptcy. The new law takes effect on January 1, 2021. Under the new law, many people who could not file Chapter 7 bankruptcy without risking loss of their home can now safely file. The old law provided that an unmarried consumer without children could protect only $75

BANKRUPTCY IS DEBT CONSOLIDATION ON STEROIDS

Joselina Medrano, Esq. The Ashcraft Firm 29970 Technology Drive, Ste. 217 Murrieta, CA 92563 951-304-3431 Ms. Medrano is an experienced bankruptcy attorney practicing In Southern California. She is a graduate of Cornell University and Cal Western School of Law. Typically, individuals who find themselves with more debt that they can manage typically have three options available to deal with the problem. The three options are: Chapter 13 bankruptcy, Chapter 7 bankruptcy, and debt consolidation. Each of these strategies has both advantages and disadvantages. At least one of them will usually make debt reduction easier for a consumer in need of debt relief. CHAPTER 13 A chapter 13 is designed

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© 2020 by The Ashcraft Firm

This is Attorney Advertising

Nothing contained herein should be considered legal advice.

 

Note: In accordance with Section 528(b)(2) of the United States Bankruptcy Code, readers of this message are advised that THE ASHCRAFT FIRM is a DEBT RELIEF AGENCY whose services may include helping people file for relief under the Bankruptcy Code.

 

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