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....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
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...Read More
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...Read More
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...Read More
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...Read More
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. Bankruptcy stops lawsuits and summons. Bankruptcy has the power to stop lawsuits and summons through the power of the automatic stay. If you have been served...Read More
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.Read More
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...Read More
