Author Archives: Jay Butchko
Eligibility Requirements for Loan Modification: What Homeowners Need to Know
Loan modification is a process where a lender adjusts the terms of your mortgage to make it more affordable, allowing you to keep your home and avoid foreclosure. However, not all homeowners qualify for a loan modification. Understanding the eligibility requirements is crucial for navigating this process successfully. What is a Loan Modification? A… Read More »
What You Need to Know About Homestead Protection
Homestead protection helps safeguard a portion of your home’s equity, making it harder for creditors to seize your property. A Los Angeles lawsuits and judgments lawyer can explain the key elements of homestead protection, the different types of homesteads, and how they work to protect homeowners from losing their homes to a lawsuit. What… Read More »
Is Bankruptcy Federal Law or State Law?
When it comes to bankruptcy, both federal and state laws play important roles in shaping the process. Bankruptcy law is primarily governed by federal law, specifically the U.S. Bankruptcy Code, which outlines the legal framework for all bankruptcy cases in the United States. However, state laws also come into play, particularly in the area… Read More »
How to Dispute an Error on Your Credit Report
Errors in your credit report can lower your credit score and affect your ability to secure loans, rent an apartment, or even get a job. Fortunately, you have the right to dispute inaccurate information on your credit report and have it corrected. A Los Angeles credit rebuilding lawyer can help walk you through the… Read More »
The Credit Counseling Requirement for Bankruptcy Filing
Before filing for bankruptcy, individuals are required by law to complete credit counseling. This step ensures that those considering bankruptcy are informed about their financial options and receive guidance on managing debt. Consult with a Los Angeles bankruptcy lawyer to learn about the credit counseling requirement, what it entails, and how it affects the… Read More »
Am I Too Old for Bankruptcy?
When facing overwhelming debt later in life, many older adults wonder if they are too old to file for bankruptcy. The answer is simple: there is no age limit for bankruptcy, and it can be a powerful tool for individuals of any age to regain control over their finances. In fact, older adults—particularly those… Read More »
Can Filing for Bankruptcy Stop Wage Garnishment?
Wage garnishment occurs when a portion of your paycheck is withheld to pay off a debt. It can result from unpaid taxes, child support, or creditor lawsuits. For many, garnishment adds financial strain by reducing income needed for essential expenses. Fortunately, bankruptcy can provide relief from wage garnishment. Consult with Los Angeles wage garnishment… Read More »
California Rosenthal Fair Debt Collection Practices Act: Protecting Consumers from Debt Collection Harassment
The California Rosenthal Fair Debt Collection Practices Act (RFDCPA) offers powerful protections for consumers against abusive debt collection practices. While it mirrors many aspects of the federal Fair Debt Collection Practices Act (FDCPA), California’s law expands protections and holds both original creditors and third-party debt collectors accountable. The Los Angeles creditor harassment lawyers at… Read More »
What’s the Difference Between Tax Liens vs. IRS Debt in Bankruptcy?
When facing overwhelming IRS debt, many individuals consider filing for bankruptcy to achieve financial relief. However, not all tax obligations are treated equally in bankruptcy, and it’s important to understand the distinction between IRS debt and tax liens. Each type of tax burden has unique implications in bankruptcy, and consulting with the Los Angeles… Read More »
Statutes of Limitations on Credit Card Debt for Los Angeles Residents
Credit card debt can quickly become overwhelming, but it’s important to know that California has specific statutes of limitations that protect you from certain legal actions by creditors. The statute of limitations on credit card debt in California is four years, which means that creditors can no longer sue you for unpaid debts after… Read More »