LEGAL ALERT- Increased Homestead Exemption Decreases Equity Potentially Recoverable by Judgment and Bankruptcy Creditors News

LEGAL ALERT- Increased Homestead Exemption Decreases Equity Potentially Recoverable by Judgment and Bankruptcy Creditors

California Assembly Bill 1885 (“AB 1885”), effective January 1, 2021, amended Code of Civil Procedure Section 704.730 to increase the amount of equity in a debtor’s primary residence that can be protected in bankruptcy to $600,000 in most cases.   AB…
Mark Johnson
January 21, 2021
Looking Forward to 2021 News

Looking Forward to 2021

What will 2021 hold for the business community and our clients?  Based on what we are seeing and hearing in our industry, here are Lanak & Hanna’s predictions for 2021. The hangover from the COVID-19 Pandemic will likely drag down…
Lanak & Hanna
December 17, 2020
creditor's rights
Lanak & Hanna Creditor’s Rights Attorney Thomas Padian Achieves Outstanding Result for Creditor Client with Levy On and Forced Opening of a Judgment Debtor’s Safe Deposit Box Newsservices

Lanak & Hanna Creditor’s Rights Attorney Thomas Padian Achieves Outstanding Result for Creditor Client with Levy On and Forced Opening of a Judgment Debtor’s Safe Deposit Box

To accomplish this result Mr. Padian applied a little-used statutory provision to access and sell at auction the Debtor’s collection of high-value jewelry secreted in a safe deposit box at a commercial bank.  This was a long-sought victory against a…
Lanak & Hanna
September 22, 2020