Posts Tagged ‘Spanish Langauge’

Where Do I File My Bankruptcy Case In Central California

Friday, December 11th, 2009

As a general rule, you should file your bankruptcy case in the bankruptcy court for the federal judicial district where your residence, principal place of business, or principal assets have been located for the greater part of the 180 days priors to filing.

There are four federal judicial districts in the State of California.

My Fresno and Merced law offices files bankruptcy cases for individuals residing in Fresno, Tulare, Kings, Madera, Merced and Mariposa counties These counties are in the the Eastern District of California.

The Eastern District of California covers a total of 34 counties in northern California. If your residence, principal place of business or principal assets have been located in one or more of these counties for the necessary period of time, you should file your case in the U.S. Bankruptcy Court for the Eastern District of California.

The specific county of your residence, principal place of business or principal assets determines in which of the Eastern District of California’s three divisions your case should be filed. Use the following chart to determine where to file your case.

Sacramento Division

El Dorado
Modoc Mono
San Joaquin
Sierra Siskiyou
Office of the Clerk
U.S. Bankruptcy Court
Robert T. Matsui
United States Courthouse
501 I Street, Suite 3-200
Sacramento, CA 95814-2322
(916) 930-4400

Modesto Division

Office of the Clerk
U.S. Bankruptcy Court
1200 I Street, Suite 4
Modesto, CA 95354
(209) 521-5160

Fresno Bankruptcy Court

Office of the Clerk
U.S. Bankruptcy Court
Robert E. Coyle
United States Courthouse
2500 Tulare Street, Suite 2501
Fresno, CA 93721-1318
(559) 499-5800

Please contact my office for attorney referrals in the Sacramento and Modesto Divisions. Although Kern and Inyo counties cases are filed the 341 meetings of creditors and court hearings are held in Bakersfield. I also refer those cases to attorneys in those counties. My Fresno office provides provides Spanish and Punjabi interpreters for our bankruptcy clients

To Stay or Go: Walking Away From An Underwater Mortgage

Friday, December 11th, 2009

I’ve read a number of articles recently about home owner’s strategically walking away from their homes as a result of zero or negative equity (you owe more than the house is worth). For some this decision is very easy, some triggering event (loss of job, reduced overtime, cut in pay, major illness) has made it impossible to pay the mortgage. For others, the decision is often a gut wrenching.

Arizona law professor Brent T. White recently wrote an article Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis addressing this group of homeowners’ dilemma. He writes that many of these families’ decisions arebased on: 1) the desire to avoid the fear and shame of a foreclosure; (2) or exaggerated anxiety over the consequences of a foreclosure. Although he does not pinpoint the real issue (emotion), the article does a good job of analyzing the homeowner who continue to pay on mortgages that exceed the value of the home, compared to businesses or investors who would make an “economic” vs. “emotional” decision.

Regardless of who you ask the decision is a very difficult one. I encounter this question almost weekly in my practice and there is no easy answers. It is also true that guilt, shame and embarrassment are prime motivating factors in staying in a house that has negative equity or one that you can’t afford. The emotions of guilt, shame and embarrassment regarding your finances are often solitary ones that eat away you and your family until it becomes to much to handle on your own.

If this describes your situation, call my office today, and we will discuss your financial situation in detail, including making difficult decisions. My law office offers interpreting in native Spanish and Punjabi for our bankruptcy clients.