Tag: filing for bankruptcy Archive
Southern California Bankruptcy: How Exactly Does this Work?
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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Do Lease Agreements Typically Prohibit Future Bankruptcies?
When your business moves into a new place, it’s normal to be required to sign a lease. Sometimes the lease can seem skewed to protect the rights of the landlord – and that’s because they’re basically risking their property by agreeing to lease it to you. On the other hand, ...
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My Ex Filed for Bankruptcy, Does That Mean I’m Liable?
There are many couples that end their relationship on a rough note financially. In these situations, one might be in more financial trouble than the other or they could just decide to handle it differently. Regardless, one of them files for bankruptcy and the other decides not to file for ...
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Filing Bankruptcy on Home Equity Loans
In too many situations, older homeowners take out home equity lines on their property yet fail to fully understand what that means. In too many cases, this leads them to a point at which they feel they have no options and may lose their home. In some cases, bankruptcy can ...
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Bankruptcy and Auto Loans and Cosigners, Oh My
I recently received a very specific bankruptcy related question from an individual looking to move, but being held back due to a recent automobile purchase. This potential bankruptcy filer recently purchased a vehicle. To purchase the vehicle, they were required to obtain a co-signer; which they did. After making one ...
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3 Tips for Filing Bankruptcy Like a Pro
Are you a business owner? If so, you’ve probably spent a great deal of time, money and energy developing and servicing your business. When financial trouble hits and it all starts to fall apart, it can all become completely terrifying. If you’re currently sitting amongst the terrified business owners cringing ...
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Marriage, Debt and Bankruptcy: Will My Credit Score Be Affected by My Marriage?
One’s marriage is an exciting occasion, filled with newness, joy, love, and weird family members who start the conga line at the reception and refuse to stop until they’re the only one left. Good times for all, no? For some, though, the financial repercussions of marriage can be unclear and ...
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Refinancing Your Home Loan Post-Bankruptcy
A common problem many post-bankruptcy homeowners have is refinancing one’s home loan. Many people have approached me in a situation wherein their lender refuses to refinance their loan on the grounds that they did not reaffirm their loan post-bankruptcy, therefore, they claim, there is no loan. Let me take a ...
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Are You Liable for the Debt?
Owning and operating a company can be extremely difficult, yet be that as it may; it is often far more difficult to close the company. Many people may struggle with paying off what they owe through the company while keeping their personal credit score high. There are certain things one can ...
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Filing Bankruptcy in the Middle of a Foreclosure
If you file bankruptcy in the middle of a foreclosure, I wouldn’t be at all surprised if you thought that that would be reason enough for the foreclosure sale to be disrupted, as a technicality of sorts. Well, the easy response to that assumption is, no, it won’t, but it ...
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