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

How Quickly Will My Garnishment Stop After I File Bankruptcy?  Bankruptcy has the power to stop 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 must...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

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...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 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...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

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...Read More

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:...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