Tag: southern california bankruptcy attorneys Archive
Thinking About Filing Bankruptcy: The People Who Should File
Justin Harelik
August 28, 2015
Layoffs, pay cuts, foreclosures…there are so many reasons for the drastic increase in debt burdened Americans who are toying with the idea of filing bankruptcy. Some are filing personally and some are filing for their business. In the fiscal year ending September 30th, 2008, the number of filings reached 1 ...
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Can the Trustee Come After My Assets when My Ex Files Bankruptcy?
Justin Harelik
August 26, 2015
When your ex files bankruptcy soon after the divorce, in some cases, the trustee will discover discrepancies in the handling of the marital assets. If they do, they could contact you regarding assets that your ex is entitled to that you may be in possession of in order to use ...
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Can I Buy My House Back at Auction After My Bankruptcy?
Justin Harelik
August 20, 2015
You filed for Chapter 7 bankruptcy earlier in the year and included your home since you owed substantially more than its now worth. You are still occupying the home and are now wondering if you can buy your own house back at the foreclosure auction. You have the money, but ...
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Can I Walk Away from My Inheritance Before Filing for Bankruptcy?
Justin Harelik
August 18, 2015
Sometimes receiving an inheritance is amazing. Sometimes it’s a blessing. Sometimes it can even be a downright lifesaver. But then there are times when you feel like it’s the last thing you want! Some who have finally turned to bankruptcy as a solution for their impossible financial situations will be ...
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College Credit Cards Mistakes, the Statute of Limitations and Bankruptcy
Justin Harelik
July 30, 2015
Going to college is (in most cases) an excellent decision. It’s a good choice, a worthy goal, a nice move, a lovely aspiration, etc. But for some reason, once the decision is made many of us lose all logic. We suddenly BECOME college students. And college students, seemingly by definition, ...
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What Counts as an Asset to the Bankruptcy Court?
Justin Harelik
July 29, 2015
Some consumes fear filing for bankruptcy because of what they think the will have to give up. We all work hard for what we have. Even if what we have isn’t much, we still don’t want to have to give it up and start over. It makes bankruptcy seem like ...
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Are Retirement Funds at Risk When Filing for Chapter 7 Bankruptcy?
Justin Harelik
July 20, 2015
If you find yourself retired, and looking towards a future on a fixed budget, you will probably be more wary of making large payments towards overwhelming credit card debt. Many in this situation waver back and forth over the decision of whether or not to use their retirement funds to ...
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Filing Bankruptcy on a Reverse Mortgage
Justin Harelik
July 16, 2015
In recent years, the reverse mortgage is becoming a popular option for seniors who have limited financial resources to support their retirement. Many feel their savings are an inadequate nest egg when it comes to living out the remainder of their life in comfort and turn instead to the equity ...
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Does Filing a Business Bankruptcy Hurt My Credit Score?
Justin Harelik
June 30, 2015
When times get difficult for a business, it seems as if closing the doors and shutting down the business should be simple. But when the business has credit cards with balances and vendors that are owed money, it can get confusing for those who are considering filing for a business ...
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Stop RV Repossession by Filing for Bankruptcy
Justin Harelik
June 23, 2015
Is it possible to prevent the bank from repossessing a recreational vehicle (RV) by filing for bankruptcy? Filing for Chapter 7 bankruptcy makes it possible to save your home, but can it do the same thing for an individual or family who uses their RV as their primary residence? Can ...
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