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

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

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

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