Are you falling behind your bills in Los Angeles? You are certainly not alone. With multiple years of high inflation and other economic challenges, there are many people dealing with financial issues. If your debt payments are too high for you to afford—meaning you are falling behind each month—it may be time to consider bankruptcy […]
One reason people hesitate filing for bankruptcy is fear that their credit score will tank. In our experience, these fears are overblown. Admittedly, most people see a drop in their score after filing. But the size of that hit will depend on many factors, including your current credit profile. The good news is any drop
Is It Possible to Rebuild Credit After Bankruptcy? Read More »
Many people are embarrassed to find themselves in financial trouble. They would do anything to keep family or friends from finding out. And they are especially worried about their boss finding out because they don’t want to lose their job. What happens if you file for bankruptcy? Will other people find out? The quick answer
Will My Boss Find Out about Bankruptcy? Read More »
Many people in Los Angeles have foreign debt. Maybe they live part of the year in a different country, or they have a credit card issued by a foreign bank. Whenever a lender is outside the U.S., the debt is usually foreign. One question many people have is whether they can eliminate this debt using
Will Bankruptcy Eliminate Foreign Debt? Read More »
There’s a moment when most debtors suddenly realize they can’t pay their debts any longer. They have struggled for months—maybe even years—to make ends meet. At some point, however, there’s no denying it: You will never get on top of your debts. Now is the time to do something. This article looks at two options
Is Bankruptcy Better than Debt Settlement? Read More »
Chapter 13 bankruptcy is a popular option for consumers. It requires that a debtor make monthly payments on debt for 3-5 years, depending on their income. At the end of the process, any unpaid qualifying debts should be discharged. This is a great option even for someone with debts which aren’t dischargeable, like unpaid child
What if You Can’t Finish a Chapter 13 Bankruptcy? Read More »
Bankruptcy is an excellent way of getting rid of unsecured debts. Because a court judgment is a type of unsecured debt, many people wonder if they can discharge the judgment by filing for Chapter 7 protection. The answer is “maybe.” You can discharge some judgments but not others. And some judgments might qualify for discharge,
Can You Discharge Court Judgments in a Chapter 7 Bankruptcy? Read More »
Thanks to the turbulent economy, more people than ever are considering bankruptcy to help get some breathing room and begin paring back on debts. Some are tempted to file their own bankruptcy without a lawyer’s help. They’ll look for some forms online and then plug in the requested information before heading off to the courthouse
5 Reasons You Should Avoid Handling Your Own Bankruptcy Read More »
What is a Power of Attorney and How Can It Protect My Assets? A Power of Attorney (POA) is a legal document that allows you to appoint an “agent” or “attorney-in-fact” to manage your assets and make decisions on your behalf should you become unable to do so. This can be particularly useful during unexpected
How can a Power of Attorney protect your assets during unexpected medical crises? Read More »
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