Author Archives: Site Administrator
COVID-19: Bills Are Coming Due for Those Who Received Financial Aid
The COVID-19 pandemic has left many struggling to keep up with their bills. For those who received student loan assistance during the pandemic, bills are starting to come due. If you’re one of those people, you may be wondering how you’re going to pay your bills and get student loan debt relief. Our Los… Read More »
California Bankruptcy Homestead Exemptions Increase for 2022
In April 2022, the Bankruptcy Court implemented an increase in bankruptcy exemptions allowed on certain property. Homestead exemptions allow individuals and families filing for bankruptcy to keep their homes instead of liquidating assets to put towards their debt. However, the homestead exemption only protects homes up to a certain value under Chapter 7 bankruptcy…. Read More »
Chapter 13 Debt Limit Increases with New Law
The Chapter 13 debt limit was raised to $2.75 million on June 21, when President Joe Biden signed the Bankruptcy Threshold Adjustment and Technical Corrections Act into law. Previously, the debt limit to file for Chapter 13 was $1,257,850 in secured debt and less than $394,725 in unsecured debt. The new limit is not… Read More »
Who Is Eligible for Student Loan Debt Relief?
Student loan debt relief can be a difficult thing to achieve. If you’re struggling to make your student loan payments, you may be wondering if you’re eligible for student loan debt relief. With the recent changes made by the Biden Administration, many people are wondering what their options are. Here’s a look at who… Read More »
5 Tips to Balance Debt & Savings
If you are struggling with debt, you are not alone. Millions of Americans carry some form of debt, whether it is from credit cards, student loans, or medical bills. One of the biggest struggles that come with overwhelming debt is not feeling like you can put money into your savings. However, there are ways… Read More »
Can I Get Rid of Child Support or Alimony If I File for Bankruptcy?
Americans are estimated to pay over 33 billion dollars of child support every year – that’s not including alimony payments. Having to pay child support and alimony every month can significantly toll your finances. If you haven’t been able to make child support or alimony payments and you owe a significant amount, you might… Read More »
How Will Bankruptcy Affect My Small Business?
If you are dealing with overwhelming debt as a business owner, you might be wondering how it will affect your small business. To guide you through the bankruptcy process as a small business owner, our team at Wadhwani & Shanfeld explains what negative effects bankruptcy can have on your business. How Bankruptcy Affects Business… Read More »
Can I File for Bankruptcy If I Make a Lot of Money?
Many people have the misconception that only individuals with a low-income deal with overwhelming debt. However, that is far from the truth. Individuals with a wide range of annual income deal with debt. If you make a lot of money but you are still struggling to make ends meet, you might be wondering if… Read More »
Do I Need a Bankruptcy Attorney?
If you are dealing with overwhelming debt, you are likely looking for relief through bankruptcy. Although bankruptcy may seem like a straightforward process, you might be wondering if you need an attorney to file your bankruptcy case. Our experienced Los Angeles bankruptcy attorneys explain when you should be considered legal guidance with your bankruptcy…. Read More »
Will I Lose My Home If I File for Chapter 7 Bankruptcy?
One of the biggest fears people have when filing for bankruptcy is losing property. If you are dealing with overwhelming debt and you are looking for quick relief through Chapter 7 bankruptcy, you might be wondering what assets you will need to give up in the process. Our team at Wadhwani & Shanfeld breaks… Read More »