Tag: southern California bankruptcy attorney Archive
Bankruptcy and Credit Counseling: The Worst Case Scenario
Sometimes it is comforting to approach a situation knowing the worst-case scenario. When discussing bankruptcy and credit counseling options, the first step towards understanding the worst-case scenario is to consider both the advantages and disadvantages. If you’ve already taken the time to run through some of the many articles available to ...
Read More →
Bankruptcy and Medical Marijuana: Are There Any Special Rules or Exceptions?
In a recent bankruptcy filed by Mr. and Mrs. Arenas, the question of whether or not income from medical marijuana makes a difference in the consumer’s ability to benefit from bankruptcy discharge. Mrs. Arenas was disabled. Her disability and pension benefits of about $3,000/month combined with her husband’s income to ...
Read More →
Should Congress Rescind the Bankruptcy Provision Blocking the Discharge of Student Loans?
So many student borrowers are in default on their loans that many are beginning to demand why. What is it that is driving so many student borrowers to default on their debt? Students who pay for college with federal student loans can avoid default. If their situation is such that ...
Read More →
The Baby Boomers and Bankruptcy in Retirement
It’s that time…the Baby Boomers are approaching retirement age. For a variety of reasons (medical expenses, declining home values, downturns in the stock market, etc.) many aren’t able to retire while maintaining a good standard of living. Some aren’t able to retire at all or they have to take a ...
Read More →
Bankruptcy: Is That My Only Option or Are There Bankruptcy Alternatives?
Bankruptcy isn’t always the best answer in a financial crisis. When filing for bankruptcy, it could be necessary to risk non-exempt assets, certain debts may not be eligible for discharge, and in some cases individuals or couples may not even be eligible to file for bankruptcy. To ensure that bankruptcy ...
Read More →
Avoid Bankruptcy: 5 Telltale Signs You Might Be Living Beyond Your Means
Bankruptcy law was created to help individuals who have an insurmountable amount of debt. While it is a solution for those who are stuck in impossible financial situations, those who have filed will agree that the best solution is to avoid bankruptcy and the impossible financial situation in the first ...
Read More →
Will Bankruptcy Affect Your Taxes?
Bankruptcy is accepted in today’s social climate as a fairly common solution to financial struggle. Most are aware of the potential relief available through filing, but some are still unsure of exactly what they are allowed to include in their bankruptcy petition. For instance, a large number of potential filers ...
Read More →