Tag: southern california bankruptcy Archive
Will I Lose My Inheritance When I File Bankruptcy?
Justin Harelik
September 21, 2015
When you file bankruptcy, filers submit a budget and detailed explanations of all income and expenses. Everything must be very detailed, exact and thorough. In some cases, the financial details can change drastically after the bankruptcy is underway. For instance, a loved one could pass away and leave an inheritance ...
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Short Sale, Foreclosure or Bankruptcy?
Justin Harelik
September 18, 2015
Losing your parents can be extremely difficult no matter how old you are, but when you lose a parent when you are grown, many find themselves with additional responsibilities. In some instances, they will find themselves responsible for caring for their remaining parent who is now grieving. Some discover that ...
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Can You Get a Loan Modification Through the Bankruptcy Court?
Justin Harelik
September 16, 2015
The process of obtaining a loan modification can seem impossibly difficult. Many individuals who are interested in filing for bankruptcy or have recently filed for bankruptcy have either already attempted to obtain a loan modification or are hoping to get one. It’s one of the methods that consumers can make ...
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Signing a Deed in Lieu of Foreclosure Post-Bankruptcy
Justin Harelik
September 14, 2015
For many, divorce seems to lead to bankruptcy. We’re not marriage counselors or divorce experts so we can’t really say if the prevalent number of bankruptcies after divorce is due to the divorce or if the divorce is due to the need for bankruptcy. Regardless, many find themselves dealing with ...
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Post-Bankruptcy: Who Pays HOA Dues if Bank Doesn’t Foreclose?
Justin Harelik
September 11, 2015
In some cases, bankruptcy can provide a discharge of debts and relief from heavy financial burden, but then a seemingly random debt or financial responsibility will seem to have escaped the bankruptcy process. For many this comes in the form of Homeowners’ Association (HOA) dues and assessments on properties that ...
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Post-Bankruptcy: When is My Name Removed from the Deed?
Justin Harelik
September 2, 2015
Once you’ve filed for Chapter 7 bankruptcy and received your discharge of debts, your mortgage lender’s attorneys could still contact you even if you included your home in your bankruptcy. Such letters will often urge you to contact the lender for options: loan modification, short sale, deed-in-lieu of foreclosure, forbearance, ...
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Credit Counseling vs. Bankruptcy: Which Comes Out on Top?
Justin Harelik
June 22, 2015
Is credit counseling as damaging as a southern California bankruptcy? Almost every individual interested in bankruptcy and the discharge of debt that it provides approaches their bankruptcy attorney with this question before they file. It’s difficult to provide a standard answer to suit all situations, but most who are in ...
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Reaffirming a Mortgage in Southern California
Justin Harelik
June 17, 2015
If you have filed for bankruptcy in southern California and you owned your own home when you did so, you may be wondering about reaffirming your mortgage. What does it mean to reaffirm your mortgage in Southern California? This means that you filed for bankruptcy and once it was completed, ...
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Payday Loan Scams And Bankruptcy
Justin Harelik
June 15, 2015
Payday loan scams can happen both during bankruptcy and post-bankruptcy. They have become a problem over the last few years as they can get pretty nasty and very scary. Luckily, if you know what to look for, they are easy to recognize. The Payday Loan Scam: You have a payday ...
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Chapter 13: Can We Walk Away from the House, but Keep Our Two Vehicles?
Justin Harelik
March 18, 2015
Sometimes, even with the most thorough contemplations beforehand, we change our minds after a decision has been made. It can happen to anyone. Sometimes we change our minds about what to have for lunch and sometimes we change our minds about something pretty big and important – like which personal ...
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