Serena Russell ~ Bay Area Real Estate Specialist

This year’s week-long San Jose Cycling Classic comes to the streets of San Jose, beginning on Saturday, May 15 with events and activities to appeal to riders and cycling enthusiasts of every age and capability.

The San Jose Cycling Classic will bring together more than 1,500 cycling athletes, 20,000 spectators and 40 cycling-related exhibitors. Join us and see why San Jose is a one of the best places in the world to cycle!

You can  join us for all of the action! From 9:30 to 11 a.m., Wed., May 19, at Park Ave. and Almaden Blvd., San Jose will be a host city for the Amgen Tour of California (ATOC) for the fifth year in a row—one of the few cities in California to be able to stake this claim.

And, San Jose will, for the second time, serve as a start city to one of the most challenging legs of the race. Festivities include a healthy lifestyle festival and “autograph alley,” a designated area where cycling fans will have the opportunity to meet their favorite riders, including Lance Armstrong, who is taking part in the Amgen Tour of California as a member of the Radio Shack Cycling Team, and who is considered to be one of the greatest cyclists of all time.

Click here for more details.

Chapter 7 bankruptcy is a liquidation proceeding. The debtor turns over all non exempt property to the bankruptcy trustee, who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts.

To file a Chapter 7 bankruptcy:

* You must reside or have a domicile, a place of business, or property in the United States or a municipality.

* You must not have been granted a Chapter 7 discharge within the last 6 years or completed a Chapter 13 plan.

* You must not have had a bankruptcy filing dismissed for cause within the last 180 days.

* It must not be a “substantial abuse” of Chapter 7 to grant the debtor relief. Generally speaking, if after you pay the monthly expenses for necessities there is not enough money to pay the remaining monthly debts, then granting a discharge would not be an abuse of Chapter 7.

* It would not be fundamentally unfair to grant the debtor relief under Chapter 7.

The most common reasons for consumer bankruptcy are:

* Unemployment

* Large medical expenses

* Seriously over extended credit

* Marital problems

* Large unexpected expenses

Disclaimer:

This information deals with Chapter 7 consumer bankruptcy. Each state has its own bankruptcy laws, so you need to check withyour state for details. Information dealing with Chapter 13 bankruptcy and consumer debt restructuring is not discussed in theabove FAQs. The information contained in the following FAQs is provided for general information purposes only and is notintended to be a legal opinion nor legal advice nor is it intended to be a complete discussion of all the issues related to the area ofChapter 7 consumer bankruptcy. Every individual’s factual situation is different and you should seek independent legal adviceregarding specific information.