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 The foreclosure was rescinded.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
Did you that foreclosure defense is a big developing area of the law? But what exactly is foreclosure defense? Foreclosure defense is essentially fighting every aspect of home foreclosure. It usually begins with a lawsuit filed against the bank that owns the note on your house. The lawsuit is based upon the contention that the...Read More
Chapter 7 vs Chapter 13 Bankruptcy When you are considering filing for bankruptcy, it is important that you know the difference between chapter 7 vs chapter 13 bankruptcy. Each has its advantages and disadvantages and each has its requirements for qualification. A person may qualify for one and not for the other, and in some...Read More
What happens at a 341(a) meeting? A 341(a) meeting (also known as the meeting of creditors) is required when you file bankruptcy. Approximately 4 to 6 weeks after you file bankruptcy, you will be required to attend a 341(a) meeting. In every bankruptcy case, the 341(a) meeting is probably the most stressful event for the...Read More
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
