Author Archives: Site Administrator
Getting a Mortgage After Bankruptcy
After achieving debt relief, many people want to accomplish their long-awaited goals of buying a house. However, getting a mortgage after bankruptcy can be a challenge – but not impossible. If you’d like to buy a home after going through the bankruptcy process, it’s important to understand how bankruptcy impacts your ability to get… Read More »
Know Your Rights When Your Vehicle Is Being Repossessed
If you fail to make car payments or default your loan, you could risk having your car repossessed by your lender. If you fear repossession of your car or your lender already repossessed your vehicle, it is important that you understand your rights. When Is Car Repossession Allowed? If you failed to make car… Read More »
What Assets Are Protected from Creditors in CA?
If you are dealing with overwhelming debt and you are having a hard time paying it off, you might be worried about creditors seizing your assets. Our Los Angeles bankruptcy attorneys explain which assets creditors can take from you if you fail to take action. Which Assets Can Collectors Take from Me? Debt collectors… Read More »
What Happens If I Default on My Student Loan Payments?
Many student loan borrowers still have a significant amount to pay towards their debt each month – even years after receiving their degree. In fact, the average monthly student loan payment is currently at $393. Since this amount can be an overwhelming addition to your monthly expenses, many people get into the habit of… Read More »
Can Creditors Sue Me If I’m Judgment Proof?
If you can’t pay off your debts, such as credit card payments, medical bills, personal loans, etc., the creditor can sue you to replenish the debt you owe. However, one of the most common questions our clients ask us is if creditors can still sue someone if they are “judgment proof?” Judgment proof is… Read More »
7 Things You Can Do Today to Stop Wage Garnishment
If you are experiencing overwhelming debt, debt collection agencies are probably looking for new ways to collect the debt you owe. A common collection tool that debt collectors use is wage garnishment. Wage garnishment occurs when money is legally withheld from your paycheck and sent to the creditor to reduce the total amount owed…. Read More »
How Does My Tax Refund Affect My Bankruptcy Case?
If you plan on filing for bankruptcy to get rid of overwhelming debt but received a tax refund this year, you might be wondering how it will affect you. In some cases, individuals filing for Chapter 7 or 13 bankruptcy can protect the tax refunds they received. Our Los Angeles bankruptcy attorneys explain how… Read More »
3 Common Mistakes Made on the Bankruptcy Means Test
The bankruptcy means test is one of the first steps to filing for bankruptcy. It determines if you qualify for Chapter 7 bankruptcy and it impacts the length of your Chapter 13 bankruptcy. Without proper guidance, bankruptcy applicants often make mistakes when completing the means test. With that in mind, here are the 3… Read More »
Is Social Security Income Counted in Chapter 7 Bankruptcy Means Test?
If you are ready to take action and get rid of your overwhelming debt by filing for bankruptcy, one of the first steps will be to take the means test. The means test will analyze your income to determine if you qualify for Chapter 7 bankruptcy. However, completing the means test can be a… Read More »
What Are the California Bankruptcy Exemptions?
One of the biggest fears people have about bankruptcy is losing all of their assets. However, there are federal and state bankruptcy laws that are exempt from bankruptcy. It means that many people can keep most of their assets while going through bankruptcy. Our Los Angeles bankruptcy attorneys explain which assets are “exempt from… Read More »