Tag: southern california bankruptcy attorneys Archive
Stopping Wage Garnishment During Bankruptcy
Justin Harelik
November 14, 2016
Wage garnishment can cause major financial trouble. For those already considering filing for bankruptcy, it can be a catastrophe. That’s why it’s so important to know your rights regarding wage garnishment, bankruptcy, and stopping wage garnishment during bankruptcy. If you have filed for bankruptcy and your wages are still being ...
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Hanging Onto Your House When Filing Chapter 7 Bankruptcy
Justin Harelik
November 7, 2016
The main concern of many bankruptcy petitioners is their home. They know that bankruptcy is their best (or only) means of solving their financial situation, but they don’t want to lose their house. Many are willing to go to extreme measures not to lose their home. Consider this real life ...
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Exiting a Chapter 13 Bankruptcy Plan Early
Justin Harelik
November 2, 2016
The Chapter 13 bankruptcy is designed for bankruptcy petitioners who have a regular income. The Chapter 13 allows a debtor to keep property and pay debts back over a predetermined period of time, usually 3-5 years. It’s often referred to as a wage earner’s plan. Petitioners work alongside the bankruptcy ...
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Selling Your Car Before Filing for Bankruptcy
Justin Harelik
October 31, 2016
One of the common issues that occur when someone decides they’d like to consider filing for bankruptcy is that they recently sold their car. In most cases, they did so because they needed the money. They were trying to figure their way out of their financial situation by coming up ...
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Having Your Wages Garnished for a Debt Discharged Through Bankruptcy
Justin Harelik
October 26, 2016
The purpose of filing for bankruptcy is to get out from under an impossible amount of debt. In fact, when filing Chapter 7 bankruptcy, a successful ending will find the bankruptcy petitioner holding a discharge of debt that does just that. It discharges all eligible debt associated with the bankruptcy. ...
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Bankruptcy Means Test: Can I Deduct My Boat Payment?
Justin Harelik
October 21, 2016
A big part of determining eligibility for bankruptcy protection is the means test. So when a bankruptcy petitioner has questions about the means test, we take them seriously. Not only is it vital that all the information is accurate, but it also has to be extremely thorough. When it comes ...
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The Impact of the Quitclaim Deed
Justin Harelik
July 27, 2016
The quitclaim deed holds the statement that the person named (and whose signature the property bears) has quit ownership of the property listed and conveys it to the person who holds the quitclaim deed (grantee). The quitclaim offers no guarantee. In fact, someone with no ownership whatsoever is able to ...
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Car Title Loans and Bankruptcy
Justin Harelik
July 19, 2016
One of the most frequently asked questions of prospective filers is what happens to car title loans associated with their vehicles and if they can keep the cars when the bankruptcy is completed. Most filers are already aware that they can save their home, but they are unsure about the ...
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Can a Chapter 13 Bankruptcy Payment be Deferred?
Justin Harelik
July 11, 2016
When you declare Chapter 13 bankruptcy, the bankruptcy court determines a set pay schedule for a pre-determined amount of time. In cases where unforeseen events cause major dips and dives in the income of bankruptcy filers post-bankruptcy, they can come up against a major problem: the inability to make the ...
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You Co-Signed and They Defaulted, What’s the Next Step?
Justin Harelik
July 4, 2016
If anyone ever calls you and asks you to cosign a loan for them, regardless of who they are, your answer should be no. Don’t do it – unless you like the idea of financial trouble and pending bankruptcy proceedings. If you’re going to ignore this sage wisdom and become ...
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