A debtor has the duty to list all property and assets he or she owns. Even if one believes that there may be money or assets due to him or her in the near future, it should be disclosed; this includes but is not limited to inheritance, trust funds, tax refunds, pensions, and judgment from…
Last month, the state’s Public Works Board finally gave approval for the California High-Speed Rail Authority (“CHSRA”) to start buying up land in Fresno and Madera counties. The approval allows for the CHSRA to begin negotiating with Fresno and Madera property owners to buy 356 parcels for high speed rail tracks and/or related construction needs….
Several months ago we posted about a radical proposal calling for local governments to sue in eminent domain to seize distress mortgages. Following up in the new year, it still remains to be seen whether the proposal has reached a dead end in California, or has simply hit “a bump in the road”? A Joint…
1. I will lose all my property if I file bankruptcy. It is true that in a Chapter 7 bankruptcy (liquidation bankruptcy), a trustee is appointed to administer property of value for the benefit of creditors. However, exemptions are available to individual debtors under State and Federal law that protect certain assets….
Last month, the federal government awarded the city of Sacramento $135 million to expand Sacramento’s light rail transportation. U.S. Transportation Secretary Ray LaHood and Federal Transit Administration head Peter Rogoff, made the trip to Sacramento to make the formal announcement. The Blue Line expansion will be 4.3 miles connecting south Sacramento to downtown and north…
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The State Senate has narrowly voted to approve the release of bond money for the first stretch of high-speed rail from south of Madera to north of Bakersfield. (Read more about the vote here.) At stake for property owners on the section of line between Merced and Fresno are up to 213 homes and up to…
The Central Valley Flood Protection Board met on January 27, 2012 to receive a presentation by the California Department of Water Resources regarding the draft Central Valley Flood Protection Plan (“CVFPP”). The Board will be rapidly reviewing and revising the draft CVFPP to meet the July 1, 2012 adoption deadline. It will meet next on…
