Tag: southern california bankruptcy Archive
Your Credit Union and Your Bankruptcy
Justin Harelik
November 16, 2015
Credit unions are allowed special circumstances in regards to a member filing a bankruptcy. If debt to a credit union is included in a Chapter 7 bankruptcy there is no hope for continuing current or future association with them or any other branch whatsoever. Eliminating debt during a bankruptcy with ...
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Filing Chapter 7 Bankruptcy on a Small Business
Justin Harelik
November 12, 2015
It is very courageous and ambitious to own a small business. There are many risks involved. Sometimes the risks pay off and sometimes a business owner is forced to close their doors due to financial hardship. It may be difficult to recover the entrepreneurial spirit that you once had if ...
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Property Loan Modifications
Justin Harelik
November 10, 2015
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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Steps to Filing Bankruptcy During an Impending Divorce
Justin Harelik
November 6, 2015
There are many things to consider when making major life decisions like filing for bankruptcy, especially in the midst of, or an impending divorce. Protecting your credit is very important during this time for your financial freedom in the future. If your name is on the mortgage loan and you ...
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Bankruptcy and the State of a Deed After Divorce
Justin Harelik
November 4, 2015
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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Factors to Consider When Deciding Whether or Not to File Bankruptcy
Justin Harelik
November 2, 2015
Whether you have a history of eviction, credit card debt, a repossessed car, broken cell phone contracts, or unpaid hospital bills, there are many things to consider before filing bankruptcy. If bankruptcy seems like a good way to become unburdened from this type of financial past, which kind of bankruptcy ...
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“Working a Deal” with your Mortgage Lender Post-Bankruptcy
Justin Harelik
October 30, 2015
In some situations, a mortgage lender will get in touch with a homeowner years after they filed for Chapter 13 bankruptcy suggesting that they “work a deal.” Is it possible to work a deal with your mortgage lender post-bankruptcy? The quick answer is yes! It sounds like an appropriate time ...
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Will Bankruptcy Help Fight Credit Reporting Mix-Ups?
Justin Harelik
October 26, 2015
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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Bankruptcy Tips: When To File a Statement of Intention
Justin Harelik
October 23, 2015
One of the common questions associated with bankruptcy filing is WHEN to file WHAT paperwork! It’s handy to get some bankruptcy tips. There are so many different documents and they all pertain to specific situations and many have their own deadlines. One popular question is…When does the Statement of Intention ...
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Post-Bankruptcy: Buying a Car to Rebuild Credit?
Justin Harelik
October 21, 2015
If you are planning to file, are currently filed or have recently filed for bankruptcy, you have probably spent some time worrying about how you will rebuild your credit post-bankruptcy. We were recently asked if purchasing a car to rebuild credit post-bankruptcy is a good idea. There are a number ...
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