Tag: bankruptcy lawyer los angeles
Eliminate debt without permanently damaging your credit
Ask yourself this: If you could eliminate your debt without permanently damaging your credit, why wouldn’t you? The stigma related to bankruptcy is not what it was 30 years ago. Just ask the millions of Americans who have taken this step to rebuild their futures. A clean slate is the ultimate tool of empowerment. Bankruptcy [...]
REESTABLISH YOUR CREDIT
Banks and credit card companies have told us how important it is to maintain our credit, honor our obligations, pay on time, but what if we suddenly can’t pay on time, then what? What if I lose my job, and can’t pay anyone right now, where does that put me? The answers may surprise you: [...]
DISCHARGING STUDENT LOANS OR TAXES IN BANKRUPTCY
For cases filed after October 7, 1998, Student Loans are only dischargeable if: 1. You can prove that having to repay it would impose an “undue hardship” on you (as defined below), OR, For cases filed PRIOR TO October 17, 2005, 2. If the PROGRAM under which your student loan is issued, insured, administered is [...]
12 REASONS TO CONTACT A BANKRUPTCY ATTORNEY
The first step to overcoming a debt problem is recognizing it. If worries about your credit cards or a pending foreclosure are keeping you awake at night, you probably already know you’re in over your head. Just cruising along, juggling credit cards, taking from one to pay the other is not the answer. If this [...]
Debt Collection Harassment – It can be stopped immediately!
If you, like so many Americans today, have found yourself in financial trouble, you are not alone. People that felt they have done everything right and now find themselves unable to make ends meet. People that are new to these types of financial troubles may have never experienced credit card companies calling and demanding payment. [...]
CAN’T MAKE ENDS MEET?
If expenses exceed income, and creditor calls become harassment calls, you need help. When it’s a choice of food on the table or paying late charges on credit card balances that never seem to get smaller, the thought of bankruptcy is worth considering. Many people still find themselves in this situation. Last year over 2 [...]
IS BANKRUPTCY THE RIGHT THING TO DO?
Ask yourself the following: Are you heavily in debt, with little prospect of relief in the near future? Have you had, or are your creditors threatening, a foreclosure on your home, a repossession of your car or other legal action to take your property? Have you experienced a dramatic drop in income? Are you frequently [...]
Your Debt Relief options for 2013.
In 2012, approx 1.22 million bankruptcies were filed nationwide. Of these, 186000 were filed in California. “Judge Julia Gibbons, chair of the budget committee of the Judicial Conference of the United States, which oversees the federal court system, told a Congressional committee earlier this year that court administrators expect bankruptcy filing to increase by 8 percent or more in [...]
Do I qualify for bankruptcy?
Most people qualify to file bankruptcy under either chapter 7 or 13. If your annual gross family income (including your spouse’s income, unless separated) is not more than the median family income for your state and family size, then you probably qualify to file under chapter 7. You will almost always qualify to file under [...]
AVOID FORECLOSURE WITH A LOAN MOD OR SHORT SALE.
There are many solutions available to homeowners falling behind on their payments. Most people think Bankruptcy as the only option, short of just letting the Bank take the home. Bankruptcy is a good option, and while it can strip off the second trust deed if the home is upside down in current value, bankruptcy cannot [...]
