Judgment Proof and Bankruptcy
There are some individuals that because of their income and assets may not need to file for bankruptcy. Bankruptcy is a tool that can help individuals with income and assets, avoid creditor seizure and garnishment. When an individual has minimal assets and no income they may be judgment proof and may not need to file [...]
Are Revocable Trusts Protected in Bankruptcy?
Many people have opted to have a living trust created that provides for the distribution of their assets after their death. Most of the living trust that are created are revocable, meaning that they are subject to change. A revocable trust can the modified, altered, to change the assets that are in the trust and [...]
Author
Norma Duenas, Esq.
