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 The foreclosure was rescinded.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
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
During a divorce proceeding, a party can include in the Judgment an order restoring their former name upon dissolution of the marriage. It’s a simple matter of checking a box on the FL-180 Judgment form, and including the former name that the party wishes to restore. But what happens if you forget to include that...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
Welcome to our new Blog! This is the site of our new blog. We will blog about various topics that cover our areas of practice. If you have any suggestions for a post, please let us know. Thanks!Read More
