California Bankruptcy Lawyers

When filing for bankruptcy in California it is a good idea to note that the rule of community property applies to debts just as it applies to material objects. This means that unless implicitly states the debts from one person will be considered to affect both parties and as such both parties' personal possessions could become possessions of the state when they file for bankruptcy. This can happen even if only one partners elects to declare bankruptcy to try and get away from debts.