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Will I regret filing 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...
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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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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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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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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 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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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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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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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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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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