By Cathy Moran, Esq. (Redwood City, CA) and William J. Purdy, III, Simmons & Purdy (Soquel, CA) Ever guarantee the debt of another? Ever meet anyone who has? Chances are if you’re in business and the business is a C-corporation, an S-corporation, an LLC, or a partnership, when that business borrows money, the lender will require one or more persons...
From the Editor – Property of Estate and Exemptions
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By The Honorable William Houston Brown (Retired)
Conversion from Chapter 7 to 13 triggered new exemption objection period. Although Rule 1019(2)(B) only addresses a new objection period upon conversion of a case to Chapter 7 and there is no Rule specifically addressing conversion to Chapter 13, Rule 4003(b)(1) provides for objections within 30 days after conclusion of the § 341 meeting. After conversion to Chapter 13, a new § 341 meeting was held in the converted case and the objection was filed within 30 days of its conclusion. The court disagreed with the line . . .
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