Tag: westgate law Archive
Celebrate 2015 by Getting Out of Debt
Justin Harelik
December 15, 2014
It’s only a month until we’re irrevocably living in the year 2015. A new year calls for new goals and new plans and in some cases – an entirely fresh start. If you have decided 2015 is your year to be debt free you need to prepare now. In most ...
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Top 3 Mistakes People Make Before Filing for Bankruptcy: Avoid Common Bankruptcy Mistakes
Justin Harelik
December 11, 2014
Once you’ve made the decision to file for bankruptcy, it is usually best to take your time to ensure it is done right. It is very rare that a bankruptcy needs to be filed on an emergency basis. Unless you fall into this rare instance, take the time necessary to ...
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When Does it Make Sense to Delay Filing for Bankruptcy?
Justin Harelik
December 9, 2014
Many will tell you that you should never delay filing for bankruptcy and the logic behind this type of statement makes sense. If you know that you are buried in an amount of debt that you can’t conceivably recover from, delaying can only mean that the mountain of debt will ...
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New Decision Provides Support for Taxpayers Hoping to Discharge Tax Debt in Bankruptcy
Justin Harelik
December 3, 2014
September 2014 saw the United States Court of Appeals for the Ninth Circuit making a landmark decision – one strongly in favor of debtors who are hoping to receive relief by the discharge of tax debt in bankruptcy. The decision was made in relation to Hawkins v. Franchise Tax Board ...
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The Baby Boomers and Bankruptcy in Retirement
Justin Harelik
October 13, 2014
It’s that time…the Baby Boomers are approaching retirement age. For a variety of reasons (medical expenses, declining home values, downturns in the stock market, etc.) many aren’t able to retire while maintaining a good standard of living. Some aren’t able to retire at all or they have to take a ...
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Avoid Bankruptcy: 5 Telltale Signs You Might Be Living Beyond Your Means
Justin Harelik
October 7, 2014
Bankruptcy law was created to help individuals who have an insurmountable amount of debt. While it is a solution for those who are stuck in impossible financial situations, those who have filed will agree that the best solution is to avoid bankruptcy and the impossible financial situation in the first ...
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Is Using a Credit Card to Pay Back a Family Member Bankruptcy Fraud?
Justin Harelik
September 26, 2014
When preparing to file for bankruptcy, many are tempted to pay back family members prior to filing. This temptation is just that – a temptation. Do not attempt to pay anyone back prior to filing. When filing for bankruptcy, you can’t decide to pay off one or two debts when ...
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Bankruptcy and Examples of Fraudulent Transfers
Justin Harelik
September 22, 2014
Many bankruptcy filers don’t realize how the stakes are if they try to transfer property fraudulently that is associated with the bankruptcy. Consider these examples of situations in which a debtor could be accused of bankruptcy fraud: Consider if you owned a vehicle worth $10,000. There are no liens on ...
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Bankruptcy’s Mythical Status: Bankruptcy Process is Not a Magic Financial Fix
Justin Harelik
September 10, 2014
Bankruptcy no longer carried a horrible social stigma as it did 20 years ago. It’s no longer reserved strictly for the use of corporations or businesses as it was historically. It’s also no longer a solution reserved for the “upper class” due to lack of information or astronomical costs associated ...
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Bankruptcy Provides a Solution to the Growing Number of Californians Overwhelmed by Medical Debt
Justin Harelik
September 2, 2014
There’s a little known practice by hospitals and rehab facilities that many are noting as a cause for the increasing number of California bankruptcies filed due to overwhelming medical debt: it’s a Medicare technicality – a simple classification or checkmark on a form. When you are first admitted hospital staff ...
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