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Larry King

The Complicated Case Of Larry King’s Estate

On January 23, 2021, celebrated television and radio host, Larry King, passed away at the age of 87. Larry King’s death and the complex events that followed in relation to his estate reveal the importance of updating and amending your estate plan. Life happens. Marriages end or see their beginning. Relationships with children and loved...
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Another Debt Consolidation Failure Story

Although we’ve written about it in our past blog posts (here), it’s still heartbreaking to listen to new clients tell their stories with debt consolidation/settlement companies.  Just recently, we took on another client who was in a debt consolidation (with a national company that advertises relentlessly) plan for about 1.5 years.  He paid them more...
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Top 3 Reasons Why Bankruptcy Is the Right Choice

There are many reasons to why bankruptcy is the best choice to deal with your debt issues.  Here are the top 3. 1.) Filing bankruptcy is the fastest way to get all of your creditors instantly off your back. There is no faster way to stop the lawsuits, harassing calls and threatening letters than to...
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What is a Durable Power of Attorney and Advance Health Care Directive?

What happens if I become incapacitated?   It is important to think about what would happen to you in the event that you become incapacitated. Before we begin to tackle this issue, we have to understand what the word “incapacity” really means. An incapacitated person is one that does not possess the mental capacity to...
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Do I Need a Trust?

Why You Need a Trust

Why Do I Need A Trust?  In this blog post we will the main reasons to establish a trust. Bypass the probate proceeding A properly funded trust will avoid the probate process. When someone dies without a will (intestate) or with a will, they must go through a process called “probate.” Probate is a legal...
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What Do “I” Have To Do In Order To Get My Bankruptcy Case Filed?

Clients who file bankruptcy have different understandings of what their role is in the bankruptcy process.  This blog post will attempt to clarify the bankruptcy filer’s role in filing a bankruptcy case.  Over the years, we have encountered a few people who were surprised by the amount of “work” required to file a bankruptcy case. ...
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Can I Buy A House After Bankruptcy?

One of the most common fears relating to filing bankruptcy is that if you file bankruptcy, you will never be able to buy a house….or will have to wait 10 years in order to do so. This is one of the most commonly misunderstood aspects of bankruptcy.  A person who files for Chapter 7 bankruptcy...
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AB 1885 California’s Bankruptcy Homestead Exemptions Set to Dramatically Increase

In September 2020, the State of California passed AB 1885. The new law will finally update California’s bankruptcy homestead exemptions. The new law will set homestead exemptions between $300,000 to $600,000. AB 1885 would increase that to the greater of $300,000 or the countywide median sale price of a single-family home in the calendar year...
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AB 3088 Tenant, Homeowner and Small Landlord Relief and Stabilization Act of 2020

  On August 31, 2020 California passed Assembly Bill 3088 to help the millions of people in California struggling to pay rent as a result of Covid-19.  Based upon the new law, a tenant cannot be evicted for unpaid rent from March 4 to August 31, 2020.  Moreover, a tenant that only paid 25% of...
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Is Covid-19 Your One Opportunity to File Chapter 7 Bankruptcy?

There have been many ways that Covid-19 has impacted our lives.  From wearing masks for office visits, having more phone and video conference appointments, and to the different ways in that it has impacted bankruptcy filings.  One of the more interesting aspects to Covid-19 is that it has allowed individuals who otherwise would not qualify...
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Bankruptcy and Renting an Apartment

Renting After Bankruptcy

One of the most common questions I receive is, “will bankruptcy affect my ability to rent?” The short answer to this question is, “well, it depends…”. This usually means the answer is long and somewhat complicated. Filing for bankruptcy can impact many things and the ability to rent a new apartment after your bankruptcy case...
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Can I Keep a Credit Card Out of Bankruptcy?

It is common for a person filing for bankruptcy to have many different credit cards. There is a belief in the public that they can “keep” a credit card through their bankruptcy case. During most consultations, the question often arises, “Can I keep one of my credit cards out of bankruptcy?”  A fundamental rule in...
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Will I Regret Filing For Bankruptcy?

There are many considerations prior to filing for bankruptcy.  In most cases, the debate rages inside a person’s head for many months or even years.  It is normal to want to avoid filing for bankruptcy at all costs.  People always think that filing for bankruptcy will be the biggest mistake of their lives and that...
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Benefits of Filing Bankruptcy During Corona Virus

The Corona Virus has changed the way we all do business and socially interact with one another.  In some ways, it has resulted in people placing their lives on hold and waiting until the end of Corona Virus to resume regular, normal life.  An example of this “freeze” on regular life has been in bankruptcy...
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SCAM ALERT! – “Creditors” Collecting Debt After Bankruptcy

I have recently  been alerted by several previous clients of a certain scam.  The sad truth is that scams are everywhere, especially scams through the phone,…so everyone has to be on high alert.  Several of my previous clients from years ago, have informed me that they have been contacted by people over the phone wherein...
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How To Rebuild Credit After Bankruptcy

You have received your discharge and your bankruptcy case was a success. Now, your focus should be to rebuild your credit. Many people file for bankruptcy, receive a successful discharge, and neglect to take positive action to rebuild their credit.  But neglecting to rebuild your credit after bankruptcy will in essence be throwing away the...
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The Debt Consolidation Quagmire: Digging a Bigger Hole

Over the past 5 years, debt consolidation companies have exploded in popularity. One of the most common questions we receive during consultations is, “Why should I file for bankruptcy when I can do debt consolidation?” First, it is important to clarify what kind of programs constitute debt consolidation. For us, debt consolidation companies are usually...
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What Happens At A Bankruptcy Meeting of Creditors?

The Meeting of Creditors [also known as: section 341(a) meeting] is a requirement in every bankruptcy case.  It’s generally the only hearing that a debtor has to attend during their bankruptcy case.   It is also a great source of anxiety and concern for most bankruptcy filers.  The Meeting of Creditors should be handled seriously and...
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How Long Does a Chapter 7 Bankruptcy Take?

There are two different types of bankruptcy cases that most people (consumers) file for: Liquidation Chapter 7 bankruptcy and Reorganization Chapter 13 Bankruptcy.  Chapter 7 bankruptcy is the most common type of bankruptcy filed in the United States by a very large margin.  A common question we get is, how long does it take to...
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Will I Lose My Car If I File Bankruptcy ?

Our office conducts many free bankruptcy consultations each day.  By a very large margin, the most common question we get is: “Will I Lose My Car If I File Bankruptcy?”  The short answer is no, you will not lose your car.  In fact, I don’t remember a single case we’ve done where a debtor’s car...
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How Quickly Will My Garnishment Stop After I File Bankruptcy?

How Quickly Will My Garnishment Stop After I File Bankruptcy?  Bankruptcy has the power to stop a wage garnishment.  Filing bankruptcy technically stops it immediately upon filing through the Automatic Stay.  However, the practical considerations of stopping a wage garnishment shows us that the process is usually a bit longer.  In most cases, several steps...
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Domestic Violence Restraining Orders w/o Physical Violence

Disturbing the Peace as the Basis for a Domestic Violence Restraining Order A domestic violence restraining order is an order issued by the court in cases where one person has abused another person with whom he or she has some type of domestic relationship (e.g. the abuser and the victim are or were married or...
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670 Credit Score – 6 Months After Bankruptcy

670 Credit Score 6 Months After Bankruptcy! One of the main issues when considering bankruptcy, is bankruptcy’s effect on your credit score. I have talked to thousands of people over the years and the most commonly held belief is that your credit will be absolutely ruined for 10 years if you file bankruptcy. This is...
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Should I File For Bankruptcy?

Should I File For Bankruptcy? The decision to file bankruptcy is a difficult one.  There is no clear single answer for everyone, as each case must be analyzed on its merits.  However, if the idea of bankruptcy has come up in your mind….then its probably a sign that you should do everything in your power...
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Filing Bankruptcy in Bakersfield

Our law firm has recently extended its bankruptcy services to the great city of Bakersfield.  If you are looking for a Bakersfield bankruptcy lawyer give us a call.  We can perform every step via phone and email.  Of course, we can also meet at one our offices.  The process will be easy.  Moreover, there is...
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New Torrance Office

MacLean Chung Law Firm is proud to announce the opening of our new office in Torrance, California.  The office is a satellite office and will be used to meet with current and prospective clients for all practice areas.  Our Torrance office is located at 21515 Hawthorne Blvd., Suite 200, Torrance, California, 90503.  If you live...
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Santa Clarita Divorce Lawyer

If you live in the Santa Clarita valley and are considering divorce please consider the experienced and knowledgeable family law attorneys at MacLean Chung Law Firm.  We know that you are looking for a compassionate and aggressive attorney to represent you in your divorce case.  Our divorce attorneys represent many people in the Santa Clarita...
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Beware of Low Cost Bankruptcy Attorneys

There are other law firms out there advertising for bankruptcy for less than our lowest fee of $925.00. Some even say that they can file your bankruptcy for as low as $595.00.  But you really need to be careful when you hire a bankruptcy lawyer.  Most of these low fees you see on Google do...
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Process of Chapter 7 Bankruptcy

Process of Bankruptcy: Chapter 7 The following is a list of the most common steps in a typical Chapter 7 Bankruptcy case. Your bankruptcy attorney will notify you if you are required to do anything more than what is listed below. Please use this as a general reference for your case. If you have any...
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New Filing Fees For Bankruptcy

The Chapter 7 Filing fee has increased from $306.00 to $335.00 and the Chapter 13 Bankruptcy Fee has also increased from $281.00 to $310.00 in California.  This makes filing for bankruptcy a little more difficult for some people.  However, there are fee wavier applications that can be used to bypass the filing fee.  If you are...
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Stockton, California Closer to Bankruptcy

The recession has affected everyone, from regular people to corporations to cities.  The Los Angeles Times is reporting that Stockton, California is even closer to bankruptcy.  The LA Times reports: The city of Stockton moved a step closer to becoming the nation’s largest city to declare bankruptcy, authorizing the city manager to file for Chapter...
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Legislators Considering Private Student Loans To Be Discharged In Bankruptcy

The Wall Street Journal is reporting talks are under way to allow private student loans to be discharged in a bankruptcy.  Currently all student loans are very difficult to discharge in bankruptcy and only a very few actually qualify for a discharge.  When a person files for bankruptcy, they should be given a clean slate...
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More Are Paying Their Mortgages on Time

March 2012 The economy appears to be in recovery mode.  According to the New York Times more and more people are staring to pay their mortgages on time.  Before the current recession only about 5% of all mortgages were delinquent.  At the height of the recession over 12% of all mortgages were delinquent.  Currently, the...
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A Fresh Start Through Bankruptcy For American Airlines

A few months ago American Airlines filed for bankruptcy.  Many people fear bankruptcy and see it as the death of their financial lives.  What they do not realize is that bankruptcy is the best route to get a fresh start and their finances in order.  American Airlines predicts the same.  The Los Angeles Times reports:...
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Foreclosure is Rescinded and Homeowners Wins Back House…For Now

An article in the Los Angeles Times today told of a San Bernardino family who was able to win back their house. The foreclosure was rescinded.  Now it is up to her and Bank of America to come to a settlement on the loan terms.  Here is an excerpt from the article:   Foreclosure commonly...
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Foreclosure Defense Actions

Did you that foreclosure defense is a big developing area of the law?  But what exactly is foreclosure defense?  Foreclosure defense is essentially fighting every aspect of home foreclosure. It usually begins with a lawsuit filed against the bank that owns the note on your house.  The lawsuit is based upon the contention that the...
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Difference Between Chapter 7 Bankruptcy v. Chapter 13 Bankruptcy

When you are considering filing for bankruptcy, it is important that you know the difference between chapter 7 and chapter 13 bankruptcy.  Each has its advantages and disadvantages and each has its requirements for qualification.  A person may qualify for one and not for the other, and in some rare cases a person may not...
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Dad Gets Restraining Order For Son

Bullying in schools is a big problem.  It was so bad in this case that the father went out and got a restraining order.  Smart move to protect your children in school.  The Los Angeles Times reports: A Riverside County man says he has secured a restraining order against a fourth-grade boy who threatened his...
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What Happens At The 341(a) Meeting – The Meeting of Creditors

What happens at a 341(a) meeting? A 341(a) meeting (also known as the meeting of creditors) is required when you file bankruptcy.  Approximately 4 to 6 weeks after you file bankruptcy, you will be required to attend a 341(a) meeting. In every bankruptcy case, the 341(a) meeting is probably the most stressful event for the...
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Not All Debts Are Discharged In Bankruptcy

Bankruptcy is a powerful tool.  It has the power to discharge most of your debts.  But some debts generally are not discharged.  The most common debts that are not discharged through bankruptcy are domestic support obligations (child support and spousal support-alimony), taxes, student loans, and debts incurred through fraud.  Each has specific rules in bankruptcy....
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Start Your 2012 New Year with a Fresh Start with Bankruptcy

Do you have old debts that have been stalking you for years?  Credit card companies calling you and threatening you?  It is time to put your past behind you and start off 2012 with a fresh start. I know that its hard to even think about filing for bankruptcy.  You are not the only one...
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How to get Spousal Support or Alimony

Los Angeles Alimony Lawyer Spousal support, or Alimony, is an issue that arises during divorce or legal separation matters. If he parties were never married, then this is not an option, no matter how long they lived together. This blog explains how spousal support is determined in California, and what a person needs to do...
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Forgot to Change Your Last Name in Your Divorce Judgment? Here’s the Fix.

During a divorce proceeding, a party can include in the Judgment an order restoring their former name upon dissolution of the marriage. It’s a simple matter of checking a box on the FL-180 Judgment form, and including the former name that the party wishes to restore. But what happens if you forget to include that...
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Do Not Wait For a Lawsuit To File Bankruptcy

Many people file bankruptcy because of a pending lawsuit.  Being personally served with a Summons to go to court can be a daunting experience.  And filing for bankruptcy will put an immediate end to most lawsuits. Many people I speak to are surprised that a credit card company or some other company that now owns...
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Does Bankruptcy Really Destroy Your Credit?

We’ve all heard it before.  Bankruptcy destroys your credit.  Well that’s true in some cases, but you’d be surprised to hear that in most cases, it is actually the opposite.  In most cases where our Los Angeles bankruptcy lawyers file bankruptcy, bankruptcy improves credit scores.  What???  That’s right and its quite simple if you take...
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Start The New Year With A Fresh Start Special Offer

As the new year approaches, I cannot think of a better way to start the new year than to get a fresh start with bankruptcy.  Put the weight of the past behind you and start over.  Why carry your debts and anxiety into the new year?  Most people file for bankruptcy a little late.  If...
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New Filing Fee For Chapter 7 Bankruptcy

The Central District of California recently announced a price increase in the filing fee of Chapter 7 bankruptcies.  The old fee was $299.00.  Effective November 1, 2011 the new fee will be $306.00. The filing fee for Chapter 13 bankruptcies has increased as well.  The old fee was $274.00.  Effective November 1, 2011 the new...
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Bankruptcy Stops Lawsuits

One of the most common reasons people file bankruptcy is because they have been served with a Summons notifying them of a lawsuit that has been filed against them.  The most common lawsuits come from credit card debt.  Whether or not the debt is still owned by the credit card company is another matter.  Sometimes...
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FOX Sports A Party In Dodgers Bankruptcy

A bankruptcy is unlike most court proceedings in that there are many interested parties, instead of just two.  The following is from the LA Times and discusses Fox’s interest in the Dodgers bankruptcy.
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Bankruptcy and Foreclosure

Bankruptcy Can Help Prevent Foreclosure in Certain Situations One of the most common questions I get is whether or not bankruptcy will help a person keep their house from foreclosure. This is a common misconception that many people have about bankruptcy. Many people believe that if they file for bankruptcy they’ll be able to keep...
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