Tag: southern California bankruptcy attorney Archive
Know Your Lenders: Interviews and Lender Calls
Before you even start filling out an application for credit, find out if a bankruptcy will result in an automatic denial of credit. Every lender has standard underwriting guidelines. If you find out the guidelines prior to submitting your application, you’re able to avoid unnecessary inquiries. This takes you closer ...
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The Five Stages of Bankruptcy Recovery…I Mean, Grief
It’s called bankruptcy recovery for a reason. It’s an overhaul of your entire LIFE! Allow some time to recover and don’t be surprised if you recognize some familiar coping stages most would associate with grief. Denial & Isolation: More than one million people file bankruptcy every year. Remember this when ...
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You Filed for Bankruptcy: How Do You Feel Now?
When you filed bankruptcy you knew exactly how you were going to feel when you got your bankruptcy discharge: completely elated. And you do feel that way – part of the time. But there are also moments of doubt and insecurity. This is a completely human response. Don’t let it ...
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Does Business Debt Transfer with the Sale of the Company?
I recently spoke with a young man who had built a business from scratch, experienced a downturn in the industry that left the company overwhelmed by debt and unable to move forward with production expecting to make a profit. He felt his only recourse was to file bankruptcy on the ...
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Does Filing for Bankruptcy Keep Broken Leases Off Your Credit Report?
When you file for bankruptcy, you receive an automatic stay, which requires that any and all creditors stop contacting you in order to seek payment on debts. When you receive your bankruptcy discharge, all eligible debts included in the bankruptcy filing are no longer your liability. These are two of ...
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Obtaining Financial Aid & Student Loans After Bankruptcy
If you are a student considering bankruptcy, odds are you have wondered about how filing bankruptcy could affect your future eligibility for student financial aid and student loans. Will a successful bankruptcy affect your ability to obtain future assistance to pay school tuition, purchase books, and cover the costs of ...
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Chapter 7 Bankruptcy: Can it Save a Home from Foreclosure?
There are a lot of Americans who have, at one point or another, fallen behind on their mortgage payments. In some cases, the lender or mortgage company may consider working with the homeowner to work out a deal to catch up or get out of an upside down mortgage (i.e. ...
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Getting Divorced in the Midst of Chapter 13 Bankruptcy
Recently, I sat down in a consultation with a woman who was concerned about the status of her Chapter 13 bankruptcy in connection with a pending divorce. She wasn’t even sure how to ask the question, but after a bit of discussion we decided that what she really wanted to ...
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That Old Debt in That Old Bankruptcy Filing
When you file bankruptcy, you are seeking the bankruptcy protection that has helped so many climb out of the deep pit debt can create due to the economy, industry changes, job loss, health complications, family emergencies, etc. Regardless of the reason or reasons behind your bankruptcy filing, you listed all ...
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Will Filing Bankruptcy Harm My Career?
For many people, a career is a major priority. Even for those who don’t love their jobs, the thought of not advancing is very distressing. Everyone wants to succeed at work even if only to maximize their earning potential. So many worry that when they file for bankruptcy it will ...
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