Tag: file bankruptcy Archive
Protecting Your Partner from Your Bankruptcy Filing
Justin Harelik
February 11, 2016
Filing bankruptcy can affect anyone else who shares in a listed asset. You should consider this carefully before you decide to file for bankruptcy. You’ll want to do what you can to protect your partner’s good credit from the effects of your bankruptcy. The car and house must be listed ...
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Southern California Bankruptcy: How Exactly Does this Work?
Justin Harelik
January 18, 2016
Filing bankruptcy is intended as a protection for consumers from overwhelming debt. It seems simple at the outset, but it’s like having a house built. If you’ve never done it before, it seems like a simple concept. You look at them and then decide which one you like best and ...
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Your Credit Union and Your Bankruptcy
Justin Harelik
November 16, 2015
Credit unions are allowed special circumstances in regards to a member filing a bankruptcy. If debt to a credit union is included in a Chapter 7 bankruptcy there is no hope for continuing current or future association with them or any other branch whatsoever. Eliminating debt during a bankruptcy with ...
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Filing Chapter 7 Bankruptcy on a Small Business
Justin Harelik
November 12, 2015
It is very courageous and ambitious to own a small business. There are many risks involved. Sometimes the risks pay off and sometimes a business owner is forced to close their doors due to financial hardship. It may be difficult to recover the entrepreneurial spirit that you once had if ...
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Factors to Consider When Deciding Whether or Not to File Bankruptcy
Justin Harelik
November 2, 2015
Whether you have a history of eviction, credit card debt, a repossessed car, broken cell phone contracts, or unpaid hospital bills, there are many things to consider before filing bankruptcy. If bankruptcy seems like a good way to become unburdened from this type of financial past, which kind of bankruptcy ...
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Personal Bankruptcy: How Does it Affect a Trust?
Justin Harelik
October 19, 2015
When a trust is thrown into the mix, a personal bankruptcy can take on a whole different appearance. First and foremost, it is essential that you are aware of who is in control of the trust assets. Although you are able to file bankruptcy on your own, having an attorney ...
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Will I Lose My Inheritance When I File Bankruptcy?
Justin Harelik
September 21, 2015
When you file bankruptcy, filers submit a budget and detailed explanations of all income and expenses. Everything must be very detailed, exact and thorough. In some cases, the financial details can change drastically after the bankruptcy is underway. For instance, a loved one could pass away and leave an inheritance ...
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Bankruptcy and Your Mortgage: Questions Answered
Justin Harelik
August 12, 2015
No matter how thorough we think we are when it comes to discussing bankruptcy and your mortgage, there are bound to be more questions. But we’re talking about your home here. It may be where you grew up. It may be where you raised your own kids. It may the ...
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Filing Bankruptcy Without Involving Your Spouse
Justin Harelik
June 4, 2015
In some instances, it makes sense for individuals to file bankruptcy as a couple. In other situations, it makes more sense to have one spouse filing for bankruptcy. Luckily, bankruptcy law allows spouses to file bankruptcy separately, but it’s impossible to keep a spouse completely “out” of the bankruptcy proceedings. ...
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What happens to my home if I file for bankruptcy?
Justin Harelik
April 21, 2015
Many worry about their living arrangements post-bankruptcy. What happens to my home if I file for bankruptcy? Will you be able to buy a home in the future if you’ve got a bankruptcy on your record? Will you be approved for long-term lease agreements even though you’ve filed for bankruptcy? Addressing ...
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