Category: Bankruptcy Law Archive

Cosigning a loan is risky business. Most experts will agree that it’s never a good idea. According to the FTC, as many as 3 out of 4 primary borrowers default on their financial obligations as set down in the loan agreement leaving the cosigner responsible for payment. This shouldn’t be ...

Many individuals in today’s society are far too reliant on their credit cards. At the very least, they view them as their emergency option. When declaring bankruptcy, the credit card safety net too many of us rely on is traded in for a complete discharge of the debt. It’s well ...

When judgment creditors attempt to collect a judgment, one of the first steps they often take is to place a lien on the judgment debtor’s home. Creditors in California are required to create a lien by recording an Abstract of Judgment at the county recorder’s office. It’s a serious matter, ...

petitioners have the option of “lien stripping.” The drastic drop in the value of homes in many regions throughout the nation in recent years has left many homeowners “upside down” in their homes. This well known saying means that the homeowner owes far more on the house than it is ...

Many people are concerned about whether they are employable after filing for bankruptcy. Generally speaking, bankruptcy doesn’t have to have an impact on your future employment prospects. There are certain narrow fields (in the financial field, for example), where problems would undoubtedly arise. But generally speaking, many employers would be ...