A Chapter 13 bankruptcy is more effective than a Chapter 7. A Chapter 13 bankruptcy is better than a Chapter 7. After bankruptcy proceedings are over, you can still keep your property in California or anywhere else. A chapter 13 bankruptcy can be filed to clear the mortgage debts and reinstate your original agreement. A chapter 13 bankruptcy filing is a better option if you have valuable property that is not covered under your California bankruptcy exemptions. People file Chapter 13 bankruptcy when they are unable to file Chapter 7 bankruptcy due to too much income or because they have…
Author: Siebe Timmermans
Several new laws involving homeowners, tenants, and landlords were introduced in June this year. These legal changes are expected to offer protection to homeowners, tenants, and those who are planning to buy a property. While the laws were introduced only recently, the proposal has been in motion for years. The Queen even mentioned some of the legal changes in her speech, particularly the ones that were meant to address issues related to unfair property deals. The most significant change is the banning of ground rents and the introduction of a lifetime deposit. A ground rent is what a leaseholder pays…