Submitted by Barry Borowitz on Fri, 07/12/2013 - 6:17am
In re Hileman, 451 B.R. 522 (C.D. Cal., 2011).
The Story of Caridad
Caridad Hileman, a resident of California, filed for Chapter 13 bankruptcy. Unfortunately, her case was dismissed. Determined to avoid foreclosure, Caridad filed again a few months later.
The Automatic Stay
The general goal of bankruptcy is to eliminate debt and provide a "fresh start" to those who have become overwhelmed by financial obligations. Many people erroneously believe that filing for bankruptcy means you lose everything but that would defeat the purpose of bankruptcy. Without a home, vehicle, or household goods and clothing it would be almost impossible to rebuild your life.