Monthly Archives: January 2010

Extensive FAQ on Chapter 7

Divina Westerfield has a comprehensive list of 36 frequently asked questions about Chapter 7 that provides an excellent starting point to thinking through Chapter 7. For instance: 14. Can I keep my home and personal property? As for real property in many states, dependent upon which exemption scheme is selected and your circumstances, you may exempt up to $100,000 in equity. When calculating your equity you should use a value that is based upon a forced liquidation as opposed to the best selling conditions to arrive at a value for your home. Once you determine this value, subtract the amount …Read more »

Tenant-cops standoff over eviction

Here’s one way to win a stay of execution. The San Jose Merc reports on a tenant who refused to leave when the sheriff showed up in Santa Cruz county. The attempted eviction of a renter Tuesday led to an hours-long police standoff and closed roads before sheriff’s deputies decided to leave the man inside the Vienna Drive home and seek an arrest warrant. Sheriffs are expecting to see more tenant resistance to vacating from foreclosure sales, although not to the point of standoffs. Most of the time they are amicable, but I think they need the proof of us …Read more »

Court upholds $1.2 million judgment against SF landlord

A San Francisco landlord tried to permanently evict longtime tenants after getting them removed temporarily in order to make serious repairs to their unit. The penalty? $1.2 million, a judgment that the California Court of Appeals just affirmed, SF Weekly reports. The landlord used a city ordinance to give notice to the tenants that they had to vacate for three months to do repairs. When they didn’t leave on time – they said they had no place to go unless he paid the relocation fees – he sued in unlawful detainer and won. Based on that case and a stipulation, …Read more »

Landlords gone off the deep end

SF Weekly has a funny piece on some of the more extreme landlord-tenant disputes out there. This week, a landlord was so pissed off, he “wielded a large kitchen knife at the tenant and threatened to kill the tenant.” Illegal eviction? Yes, as well as constructive eviction, violation of the warranty of quiet enjoyment, illegal entry, assault and battery, and probably retaliation. Don’t know what the tenant did, but in any case, this was not a good choice. S.F. Tenants Union head Ted Gullickson also reports, among other stories: A few weeks ago, a landlord set up a Webcam in …Read more »

Should your business be an LLC or S corp?

It’s clear that it’s a good idea to create a business entity for most small businesses. But which is better: LLC or an S corporation? 1. Why not a sole proprietorship? It’s dirt cheap to run your business as a sole proprietorship. There’s no filing fees, no minimum taxes, no paperwork, other than the city business taxes and the like that every business must pay. And you get the deductions for business use of home, business expenses, etc. But despite these savings, running a sole prop comes with one huge risk: You are personally guaranteeing every obligation your business enters …Read more »

Understanding Chapter 7 Bankruptcy

Understand Bankruptcy Before deciding whether bankruptcy makes sense, you must understand this simple truth. Bankruptcy is about protecting your property when your debts are overwhelming. If you have no assets to speak of, bankruptcy won’t do much for you except stop the bleeding. Still, stopping the bleeding is in most cases a worthwhile goal of bankruptcy. Which Chapter is Right for You? Chapter 7 “discharges” your debts. In other words, you walk away. Chapter 13 creates a “plan” by which you pay your creditors, at a greatly reduced rate, over three to five years. Clearly, Chapter 7 is the way …Read more »

Basics of eviction law (except in rent-controlled areas)

Landlord-tenant law is actually a fairly technical area of law. In non-rent-controlled areas like Sonoma County, the law clearly and decidedly favors landlords. The law wants landlords to be able to regain possession of their property if a tenant isn’t paying the rent or is otherwise abusing the agreement by which they are in possession. But the trade-off is that landlords are held to very specific requirements to obtain that eviction. Specifically, eviction notices must follow specific rules, complaints must state facts in strict accordance with leases, court documents must be served properly, and so on. Here are a few …Read more »

Where are you in the business lifecycle?

Learn more about a new kind of law firm at Le+Pelletier SANTA ROSA, Calif – Every product and to some degree every service runs through a lifecycle – Introduction, Growth, Maturity, Decline. Depending on where you are in your company’s lifecycle, you’ll need different services from your attorney. Introductory (start-up) phase. Lawyers can help define and set up compensation schemes for founders and early employees; identify, define and protect intellectual property rights; manage and define joint ventures. (The rumored iSlate from Apple Growth phase. Lawyers can negotiate favorable leases, supplier contracts and sales contracts, and maintain control over distributors and …Read more »

Understanding your marketing strategy

Learn more about a different kind of law firm at Le+Pelletier SANTA ROSA, CA – At the highest level, there are three basic Marketing Strategies. Most companies will only be able to pull off one of these. Certainly most small business should only attempt to pick of them. It takes a lot of expertise to be able to operate two of these at the same time. No one can do all three. If you don’t understand what strategy your business is following, you have a problem. Do customers come to you because you: Offer efficiency? (Variety at low prices) Offer …Read more »

Should your lawyer think like an MBA?

Learn more about a different kind of law firm at Le+Pelletier I’m listening to a California Education of the Bar program on how lawyers can “think like an MBA.” Is this a good idea? The typical split is that businesspeople see opportunities to be exploited and lawyers see risks to be avoided. This can mean that too often lawyers put the kabosh on business ideas because they are so highly attuned to the legal risks. On the other hand, business people need their counselors to keep their enthusiasm in check – at least until all the risks are understood.

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