Archives for 2020
Exceptions to the Automatic Stay
Admin on July 21, 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 […]
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 […]
What Assets are Exempt in California Chapter 7 Bankruptcies?
Admin on March 15, 2020 Posted in Bankruptcy Law, Blog, Chapter 13 Bankruptcy, Chapter 7 BankruptcyIndividuals in California who file for bankruptcy are often given a second chance at building a strong credit record. This does not come without a compromise, though. When Chapter 7 bankruptcy is involved, a person must often hand over a substantial amount of their estate in the process. A bankruptcy trustee then manages the estate […]
Bankruptcy and Medical Debt
Admin on February 25, 2020 Posted in BlogMany people in California and the rest of the United States view bankruptcy as a last choice option. Unfortunately, each year many people end up pursuing this option because they have accumulated a large amount of medical debt and are unable to pay it off. One study even found that greater than 66% of all […]
Bankruptcy and Your Credit Report: Separating Fact from Fiction
Admin on January 11, 2020 Posted in Bankruptcy Law, BlogWhether or not to file for bankruptcy is a complex decision, and many factors influence whether it is a good idea for you. One area that many people ask questions about when filing for bankruptcy is credit scores. People are not just concerned about how bankruptcy will impact their credit score, but also if they […]