Beirne Law Firm

07/08/2022

Did you know we also handle bankruptcy matters!?

Experience the freedom of a fresh start!

- [ ] STOP WAGE GARNISHMENTS
- [ ] STOP HARASSING CREDITOR PHONE CALLS
- [ ] STOP FORECLOSURES
- [ ] STOP IRS LEVIES
- [ ] STOP REPOSSESSIONS
- [ ] SAVE YOUR HOUSE, YOUR CAR, YOU SANITY!!!

02/01/2022

Make informed decisions regarding complex legalities to ensure your family is protected. Contact us for a free consultation!

06/29/2021

Three legal documents parents need for their children before they leave for college: Health Care Directive; Durable Power of Attorney; and a HIPPA Waiver. Call us today for our Summer Package Deal! (818) 522-4752

Experience the freedom of a fresh start!

02/25/2021

Does the New Homestead Exemption Mean There Would Have Been No Mandatory Move on Schitt$ Creek!?!

The homestead exemption provides a certain amount of protection from judgment creditors – those creditors who sued in court and obtained a legal judgment to collect money owed. A judgment creditor has the right to take several actions to collect the debt, including selling assets like vehicles and real estate.

Under the new law, $300,000 – $600,000 of a home’s equity can’t be touched by judgment creditors. The amount depends on the median sales of homes in the county where the property is.

In the case of the Rose family from Hulu’s popular comedy Schitt$ Creek, a judgment creditor could force the sale of the Rose’s Beverly hills mansion, but the Rose family would still have up to $600,000 to relocate to a less expensive city in Los Angeles county, or beyond. (Currently, the LA County median home value is just under $700,000, according to Zillow.

Also, it wasn’t a judgment creditor who came after the Rose’s assets state law does not protect from federal actions. In the first episode of Schitt’$ Creek, “revenue” agents come to the Rose mansion to seize assets. The storyline indicates Johnny Rose’s trusted business manager embezzled the company fortune and failed to pay federal taxes. So if the IRS or other federal agencies are seizing and selling property, AB 1885 won’t help.

by Kira S. Masteller

So the answer is NO, there still would have been a mandatory move order and we would still have our witty show.

02/25/2021

A question we get asked a lot is: Can I keep my home if I file bankruptcy? The answer is almost always YES! The new law eliminates many qualifying conditions and provides a homestead exemption to anyone with a principal residence. As of January 1, 2021, the California homestead exemption amount will be at least $300,000 and up to $600,000 as in Los Angeles, Ventura, Orange, and San Diego Counties. Call us today for more information.

12/29/2020

Take a Look at the New California Laws to take Effect in 2021!

Prop 19 – Property Tax Changes
Modifies the laws related to property transfers. Beginning February 2021, an inherited property is to have its tax value reassessed unless it is used as the inheritor’s primary residence.

The prop also included changes geared towards disaster victims. Starting April 2021, homeowners 55 or older who lose their home in a disaster are permitted to transfer their tax assessment up to three times, rather than the previously permitted one time. This allows victims of natural disasters to be protected from significant cost of living increases if they purchase a new home after the loss upon the loss of their previous home.

With 2021 around the corner, take a look at a selection of the new laws set to take effect next year...

12/21/2020

Wishing you the happiest and healthiest of holidays! Thank you to our colleagues, clients, family and friends for all that you do to makes us who we are. From us at Beirne Law Firm!

12/11/2020

Elizabeth Warren's new bankruptcy reform bill is wild and radical! Says we should do away with chapter 13 AND 7 and create a combined chapter 10 in which student loans will be dischargeable.
🧐

Elizabeth spent most of her career studying why families go broke. Her new plan overhauls our bankruptcy system so it helps working families, not giant companies.

10/28/2020

Here's what you need to know about the new homestead exemption in California that will take effect on January 1, 2021.

California Assembly Bill AB1885 increases the homestead exemption to a minimum of $300,000 and a maximum of $600,000 depending on median county home prices.