The Use of Fear of Bankruptcy by Debt Settlement Companies Most people are worried about bankruptcy and its effect on your credit. In fact people have a strong fear and repulsion to bankruptcy from the social conditioning we all receive.  Bankruptcy is associated with failure, is shameful and for some immoral.  No one wants to...Read More

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...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

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 getting their bankruptcy case filed.  Over the years, we have encountered a few people who were surprised by the amount of “work” required to file a bankruptcy...Read More

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...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

  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...Read More

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...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

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...Read More