Tag: southern california bankruptcy attorneys Archive
Filing Bankruptcy: When To Stop Making Payments to Creditors
Justin Harelik
May 31, 2016
When you decide to declare bankruptcy, you must make a comprehensive list of all creditors to which you owe money. Every one of them must be listed in the paperwork as bankruptcy is designed to treat all creditors fairly in regards to payment and nonpayment. Depending on the petitioner’s specific ...
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Receiving an Inheritance Post-Bankruptcy
Justin Harelik
May 23, 2016
Bankruptcy in and of itself is a simple idea. It is the process by which a consumer applies for a discharge of debts due to severe financial strain. The complexity occurs when you realize that those consumers are people who are living their lives. They experience surprises, unplanned events, complications ...
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Bankruptcy Basics: Halting the Garnishment of Your Paycheck
Justin Harelik
May 16, 2016
Bankruptcy petitioners always have a reason that they filed for bankruptcy. In every instance it was because they had too much debt to handle, but in almost every instance there was also that one last problem or situation that caused them to make the leap to petition the court for ...
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Bankruptcy’s Law of Preferences: Getting Garnished Wages Back
Justin Harelik
May 9, 2016
When in a tight situation financially, it can get to the point where you thought you could manage or catch up and suddenly, your bank account has been cleaned out and your wages are being garnished. This can be completely devastating as it leaves the individual (and sometimes family) without ...
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Bankruptcy is Particularly Popular Amongst Baby Boomers
Justin Harelik
April 25, 2016
A recent study (American Bankruptcy Institute, ABI Journal, September 2007) indicated that 42% of people filing bankruptcy fall between the ages of 45 and 64. It appears that older Americans are filing for bankruptcy protection at a drastically faster rate than their younger counterparts. In fact, “Baby Boomer” bankruptcies are ...
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Signs That You May Be Headed for Chapter 7 Bankruptcy
Justin Harelik
April 20, 2016
You may think that it should be obvious if you are headed for the type of financial situation that requires a bankruptcy filing. But in many cases, a number of issues come to a head at the same time, leaving consumers confused and unsure about where they are and if ...
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Student Loans, Parent Student Loans & Bankruptcy
Justin Harelik
April 13, 2016
Many couples “help” their adult children. Some buy them cars, some provide down payments for cars or housing. Others pay cell phone bills. But one of the most common methods of financial assistance that parents provide their “grown up” children is with finances for college: student loans. In some cases, ...
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How to File Bankruptcy: Proof of Self Employment Income
Justin Harelik
April 6, 2016
Anyone who files bankruptcy must include proof of their income in their filing. Most filers simply submit their pay stubs. According to Section 521 of the Bankruptcy Code, bankruptcy petitioners must send in a minimum of two months of “payment advices” (i.e. pay stubs) received from an “employer.” Bankruptcy petitioners ...
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Owning Land in Your Name After Filing Chapter 7 Bankruptcy
Justin Harelik
March 29, 2016
Many bankruptcy filers assume that their life is drastically changed for good once they’ve filed for bankruptcy. They assume they will have no access to credit…ever again. They assume they won’t be able to own property or make real estate purchases. They assume they’ll just need to stick with the ...
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Can I Pursue Payment on a Judgment Post-Bankruptcy?
Justin Harelik
March 22, 2016
There are a lot of questions that get asked over and over by people considering bankruptcy or petitioners in the midst of the bankruptcy process. They can usually be found on any bankruptcy lawyer’s FAQ page. Then there are the questions that I wish were asked more frequently. One such ...
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