Tag: westgate law Archive
College Credit Cards Mistakes, the Statute of Limitations and Bankruptcy
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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Bankruptcy After Divorce: Filing in Contempt of the Divorce Decree
When couples get divorced, they receive a divorce decree. The divorce decree is the final decision of the court regarding how affairs will be managed post-divorce. In some divorces there is debt to be divided. In addition to dividing the debt, some decrees will specifically forbid either party from filing ...
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Your Ex Gets a Bankruptcy Discharge, Are You Still Responsible for Paying as Agreed in the Divorce Decree?
You got divorced. Your final divorce decree separated your assets and your debt between you and your ex. Your ex removed your name from your joint accounts. The final divorce decree states that you need to pay your ex a certain amount per month or until the debt is paid ...
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Forced to File Chapter 7 Bankruptcy: To Reaffirm or Not to Reaffirm?
If you are underwater on your house and find yourself past due on your mortgage, you may feel that your hand is being forced. You might feel that you have no other choice, but to file for bankruptcy. Feeling forced to file for Chapter 7 bankruptcy isn’t the best situation, ...
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Post-Bankruptcy: My Car is Paid Off, But I Have a Title Loan Against It
The first time I had a client advise me that their car was paid off, but that they had a title loan against it, I was a little bit confused. After wading through the confusion and ascertaining a few facts, the story became clear. Now that I’m an experienced southern ...
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Are Retirement Funds at Risk When Filing for Chapter 7 Bankruptcy?
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
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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Filing for Chapter 7 Bankruptcy and Keeping Your Vehicle
If you have recently filed for Chapter 7 bankruptcy, you may be wondering what’s going to happen to your car. It’s the most common concern after real estate ownership. If you’d like to keep your vehicle, you simply have to know the details regarding your car’s worth and how that ...
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I Received My Bankruptcy Discharge and It’s Time to Rebuild My Credit
The entire point of filing for bankruptcy is to receive a discharge of your debt. You contact an experienced southern California bankruptcy attorney, make sure to provide them with all the necessary information, include every creditor in the paperwork…and then await the big day. Once you receive your bankruptcy discharge ...
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Does Filing a Business Bankruptcy Hurt My Credit Score?
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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