Blog

REMOTE 341(a) MEETING INSTRUCTIONS Prior to the Covid-19 pandemic in 2020, the “Meeting of Creditors” also known as the section 341(a) hearing, had always required in-person attendance at a select location.   Once the pandemic started, in-person hearings were changed to remote hearings for safety reasons.  There are essentially two different types of remote hearings:...Read More

The Importance of Being Honest With Your Lawyer The title may seem like common sense to everyone, however, there is always that 1 out of 1000 cases who think that they will benefit from withholding information from their bankruptcy lawyer.  The reasons debtors mislead their lawyers are varied.  Many people don’t think it a “big...Read More

The bankruptcy case is now finished and your debt has been discharged.  Is there anything left to do?  Although the case is done and 99% of the work has been completed, there are some things you should do after your case. 1.) Pull your credit report after your bankruptcy discharge. You should do this about...Read More

You have worked diligently to get your case filed with our firm.  But then, now what?  After your case is filed, you must complete the following steps: 1.) Once your case is filed, you will receive an email from our office.  The email will give you a case number and remind you to complete your...Read More

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...Read More

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...Read More

One of the most common questions I receive is related to, “renting after bankruptcy” 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 is one...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More