Yearly Archives: 2020
The Ultimate Holiday Budget Survival Guide
Although the holiday season should be a time of joy and peace, it’s often a time filled with financial stress. The holidays are a time of spending–we host parties, travel, and buy presents for our friends and family. We know what it’s like to get overwhelmed with holiday expenses, so we’ve created the ultimate… Read More »
Timing Your Bankruptcy During the Holidays
Debt issues become the most obvious and stressful during the holiday season. If you are dealing with serious debt, you will probably do your best to get through the next few weeks without accumulating more debt. However, there are options available to help you start your path toward financial freedom. Bankruptcy has helped millions… Read More »
What Is an Automatic Stay in Bankruptcy?
Filing for bankruptcy not only opens the path toward financial freedom, but it also puts an end to creditor harassment and foreclosure with the automatic stay process. An automatic stay stops any lawsuit filed against you by a creditor, collections agency, government entity, or any other person seeking payment. If you are about to… Read More »
What Should I Do If I’ve Been Sued for Debt?
If you fail to communicate with your creditors and miss multiple payments, the creditor can sue you for failing to pay your debts. In most cases, it takes about six months of not making payments for creditors to take your case to court. Since taking legal action for debt collection can cost money and… Read More »
Q&A: California Homestead Exemptions
The California homestead exemption protects equity in your home from creditors who attempt to collect debt, or when you file for bankruptcy. If creditors are attempting to collect your debt or you are filing for bankruptcy, you might have many questions about homestead exemptions and its recent changes. Our Los Angeles bankruptcy attorneys answer… Read More »
Bankruptcy Terms You Should Know
If you’re thinking about filing for bankruptcy, it is essential to learn more about the process, including the basic bankruptcy terminology. The bankruptcy process can be complicated, so understanding the basic legal terms will help you take control of your bankruptcy process and your path toward financial relief. Our Los Angeles bankruptcy attorneys explain… Read More »
Advantages & Disadvantages of Bankruptcy
Filing for bankruptcy is a major decision that will affect you and your family’s future. If you’re dealing with debt and considering filing for bankruptcy, it is important to know what to expect. It is essential to know the pros and cons of bankruptcy before determining if it’s the right choice for you. Our… Read More »
California 2020 Homestead Exemption Law
New California Law Proposed for Homestead Exemptions A new law has recently been proposed raising the homestead exemption amount for debtors going through bankruptcy. How exemptions work is that your bankruptcy trustee must decide whether any value for the bankruptcy estate will be left over once your home is sold. First, all of its… Read More »
When Can I Buy a Home After Filing Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is one of the most common types of bankruptcy because it wipes away all qualifying debts. Once people obtain financial freedom after bankruptcy, their goal is to restructure their credit and start a new chapter–often including purchasing a new home. Our Los Angeles bankruptcy attorneys explain if people can buy a… Read More »
How Do I Apply for a Loan After Bankruptcy?
Bankruptcy allows debtors to rebuild their finances and get rid of debt that is tying them down. After filing for bankruptcy, many people’s goal is to rebuild their credit and access loans they know they can manage. Our Los Angeles bankruptcy attorneys explain how to apply for a loan after filing for bankruptcy. Getting… Read More »