Category Archives: Bankruptcy
Bankruptcy Motion for Reconsideration: What You Need to Know
A motion for reconsideration in bankruptcy allows debtors or creditors to request the court to review and possibly reverse a previous decision. This legal tool is used when new evidence emerges, or if there were errors in applying the law or considering facts during the initial ruling. However, motions for reconsideration are not simply… Read More »
Bankruptcy News and Update: Ninth Circuit Ruling on Erickson’s Bankruptcy Case and Key Takeaways
The Ninth Circuit Court of Appeals affirmed the dismissal of John Earl Erickson’s bankruptcy petition and imposed a two-year bar on refiling, following a series of legal proceedings. Here’s an overview of the court’s key findings and its implications: Background: Repeated Bankruptcy Filings The bankruptcy court found evidence of bad faith due to Erickson’s… Read More »
The Role of Bankruptcy Judges and How They Are Appointed
When you file for bankruptcy, your case is overseen by a bankruptcy judge. These judges play a crucial role in interpreting and applying bankruptcy law, ensuring that the legal process is carried out fairly for both debtors and creditors. Unlike other federal judges, bankruptcy judges have specific duties and a unique appointment process. An… Read More »
How Do Post-Judgment Interest Rates Affect Your Bankruptcy?
When a creditor obtains a judgment against you in court, the amount you owe may not be limited to the initial judgment amount. Post-judgment interest can accrue on the debt, increasing the total you owe over time. This interest is set by law and is meant to compensate creditors for the time it takes… Read More »
The Debtor’s Duties and Benefits Under Bankruptcy Law
Filing for bankruptcy can provide much-needed relief for individuals overwhelmed by debt. However, bankruptcy isn’t just about what you gain—it also comes with specific responsibilities. Knowing your duties and benefits as a debtor under bankruptcy law can help you navigate the process smoothly and secure the financial fresh start you need. A Los Angeles… Read More »
What to Know About the Automatic Stay in Bankruptcy
When you file for bankruptcy, one of the most powerful protections you receive is the automatic stay. The automatic stay is a court order that immediately halts most collection actions against you, providing relief from creditors while your bankruptcy case is processed. This legal shield can give you the time and space to reorganize… 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 »