Tag: southern California bankruptcy attorney Archive
Credit Counseling and Bankruptcy Attorneys
Justin Harelik
January 28, 2016
For those of you that are familiar with my previous columns, you’ll remember that I’ve written quite a few articles on credit counseling and also that I do not like credit counseling. “Sure,” I hear you say, “Of course a bankruptcy attorneys don’t like credit counseling. It’s the competition!” And ...
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Chapter 7 Bankruptcy: Too Much Equity in Your Home
Justin Harelik
January 25, 2016
One of the only times that having “too much equity” in your home will hurt you is when you are filing for Chapter 7 bankruptcy. It seems contradictory, but having too much equity in your home can seem to turn into a consequence for petitioners hoping to obtain a discharge ...
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Bankruptcy & Divorce: Who Gets the Assets?
Justin Harelik
January 20, 2016
In a divorce, it can be difficult for both parties to agree on which assets belong to who. A situation wherein one individual receives the home and another receives other assets or, in some cases, nothing, can be complicated even further if the person that receives the home does not ...
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Bankruptcy Options: Including Closed Accounts in Bankruptcy
Justin Harelik
January 19, 2016
There are many benefits of filing for bankruptcy. It’s a serious remedy to a serious problem. Some consider filing for seemingly nominal reasons. Luckily, most of these will reconsider due to the fact that bankruptcy is not an easy process without repercussions. It is an effective process that should be ...
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Drowning in Business Debt and Considering Bankruptcy
Justin Harelik
January 14, 2016
Opening a new business is one of the most exciting times of anyone’s life. The initial stages are full of questions you’re excited to answer and decisions you can’t wait to make. For some, this excitement continues as the business grows and the opportunity to succeed becomes more solid with ...
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Do Lease Agreements Typically Prohibit Future Bankruptcies?
Justin Harelik
January 13, 2016
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?
Justin Harelik
December 30, 2015
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
Justin Harelik
December 28, 2015
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
Justin Harelik
December 25, 2015
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
Justin Harelik
December 23, 2015
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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