Tag: southern california bankruptcy lawyers Archive
Bankruptcy’s Law of Preferences: Getting Garnished Wages Back
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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Can Your House Be Sold While You Are in Bankruptcy?
During bankruptcy, a house can be sold, but it requires the court’s permission. As soon as the petition for bankruptcy is filed, the home and all other possessions of the petitioner become a part of the bankruptcy case. Creditors cannot foreclose on your property while it’s shielded by bankruptcy, but ...
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How to File Bankruptcy: Proof of Self Employment Income
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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Receiving a Tax Refund During Chapter 13 Bankruptcy
There’s not really a specific time that is all around “bad” for filing Chapter 13 bankruptcy. The best timing to file really depends upon your specific situation. It can depend upon the timing of personal events, the date of the last large credit transaction, major financial crises, etc. One thing ...
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Will My Kids Have to Pay off My Debt When I Die?
There’s comes a time in everyone’s life when they consider the possibility of their death. When this time comes some are thinking about things they still want to do while others are thinking of tasks left undone. Some think of places they still want to go and things they still ...
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Listing Collection Agencies During the Filing of Bankruptcy
Often unpaid debts can change hands many times during the course of attempted payment, especially when the debt is old. It is often impossible to list all the collection agencies who have handled a specific debt while filing your case. It is also unnecessary. You do not need to be ...
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Property Loan Modifications
There has been an evolution of the mortgage crisis. During the time of this crisis, many lenders were rejecting all loan modifications. Many clients were forced to file Chapter 13 bankruptcy in order to attempt to save their homes and pay toward delinquent mortgages. Many could not afford the bankruptcy ...
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Bankruptcy and the State of a Deed After Divorce
It is common for one spouse to sign off on a property title during a divorce. However, creditors aren’t part of these divorce agreements, and specifically, mortgage companies are not required to take your name off the original loan. You and your ex-spouse are still both legally responsible for the ...
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Will Bankruptcy Help Fight Credit Reporting Mix-Ups?
We’ve all known someone at some point or another who was named after their mother, father, grandparent, etc. In these situations, it is surprisingly common for the credit reporting agencies to receive a “mixture” of information on the different individuals with matching names. It doesn’t seem to matter that the ...
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Avoiding Bankruptcy and Repossession
If you are thinking about declaring bankruptcy, take some time to consider your entire debt. Consider all your options. Talk to the experts on the subject. Weight the options to determine if bankruptcy is the most appropriate choice. It could be that your situation would be handled better using a ...
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