Archives for 2020
Tips on Navigating Marriage and Bankruptcy
Admin on September 10, 2020 Posted in Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General BankruptcyMany people look at marriage as one of the momentous events in their life. If you or your fiancee is struggling with debt and debating whether to file bankruptcy, however, your situation can easily turn into a confusing one. You might even be wondering whether it is a good idea to file for bankruptcy or […]
Buying a House While in Chapter 13 Bankruptcy
Admin on August 30, 2020 Posted in Blog, Chapter 13 BankruptcyDespite the economic downturn brought on by the coronavirus pandemic, low mortgage rates remain an attractive option for many people considering buying a house. Even if you are in the middle of a Chapter 13 bankruptcy repayment, you might still be able to obtain a mortgage loan and buy a new home. While there are […]
Retirement and Bankruptcy
Admin on August 15, 2020 Posted in BlogIf you are worried that bankruptcy will wipe out your retirement savings, the good news is that retirees often can keep their retirement savings even if they have substantial debt. This is because bankruptcy law exempts most retirement accounts from bankruptcy. While every state has its own bankruptcy code, California law often views social […]
Exceptions to the Automatic Stay
Admin on July 30, 2020 Posted in Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General BankruptcyAn automatic stay is one of the critical parts of filing bankruptcy. The stay stops most collection efforts against a debtor as soon as that individual files for bankruptcy. These orders exist without the need for a court order. To give you a better idea of the role that the automatic stay plays in a […]
Nine Signs That it is Time to File for Bankruptcy
Admin on July 15, 2020 Posted in Blog, General BankruptcyFacing a large amount of debt often feels overwhelming. Beside uncertainty about how you will make your monthly payments, it is also common to feel uncertain about what your future holds. While many people think that bankruptcy can help, they are afraid of undergoing the process when they are not sure if it is the […]
Questions Small Business Owners Should Ask Before Filing for Bankruptcy
Admin on June 30, 2020 Posted in Blog, General BankruptcyNo business owner wants to file for bankruptcy. If you have to engage in this process, however, there are some critical pieces of information that you should know. Understand that in the right cases, bankruptcy can be invaluable. An experienced business bankruptcy lawyer can help you determine whether bankruptcy is the best option for your […]
Terminating Commercial Leases and Bankruptcy: What You Need to Know
Admin on June 15, 2020 Posted in Blog, Chapter 13 BankruptcyBusiness owners have a lot to juggle, even in bankruptcy. If you are a business owner who rents business space and recently filed for bankruptcy, you are likely curious about how bankruptcy will impact your commercial lease. There are several critical issues to consider in this situation, and how your lease will be impacted depends […]
A Quick Guide to Bankruptcy Schedules
Admin on May 29, 2020 Posted in Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General BankruptcyIf you are navigating the bankruptcy process, you have likely heard multiple people refer to bankruptcy schedules. Overwhelmed debtors are often confused about exactly what role schedules play in their bankruptcy process. Schedules are the primary forms that debtors rely on to provide their financial details, which play a vital role in navigating the bankruptcy […]
A Quick Guide to the Small Business Reorganization Act
Admin on May 15, 2020 Posted in Articles, BlogSince amendments were made to the Bankruptcy Code in 2005, small business owners have struggled with how to effectively organize their debts under Chapter 11 of the Bankruptcy Code. In August 2019, however, President Trump signed the Small Business Reorganization Act of 2019, which was designed to help small business bankruptcies proceed more quickly and […]
Effective Money Management Strategies During COVID-19
Lori on May 5, 2020 Posted in Articles, Blog, COVID19While the COVID-19 quarantine is a historical and unprecedented event, it is important to be aware of the many tools available to you during this challenging time. We are all in the same storm, but we are all not necessarily in the same ship. You are not alone – COVID-19 has disrupted lives for everyone […]