Recent Blog Posts
The 3-2-240 Rule Explained: Discharging Tax Debts in Bankruptcy
Navigating the complexities of bankruptcy and IRS tax debts can be confusing for many individuals. A crucial aspect of understanding how to manage or discharge tax debts through bankruptcy involves the “3-2-240 Rule.” This rule outlines specific conditions under which tax debts may be eligible for discharge in bankruptcy proceedings. At Wadhwani & Shanfeld,… Read More »
Can Bankruptcy Discharge IRS Tax Debts? Understanding Your Options
Facing IRS tax debts can be a daunting challenge, leaving many individuals feeling trapped by their financial obligations. However, bankruptcy offers a potential pathway to relief for those burdened by tax debts. The possibility of discharging IRS tax debts in bankruptcy is a complex area of law governed by specific rules and conditions. Contact… Read More »
How Old Debts Can Haunt You in the Form of Zombie Loans
In California, as in many states, old debts can sometimes reemerge when least expected, taking on the form of what is commonly known as “zombie loans.” These debts, thought to be resolved or expired, can resurface, causing unexpected financial and legal challenges. Consult with Los Angeles bankruptcy attorneys at Wadhwani & Shanfeld to guide… Read More »
Dealing with Creditor Harassment in California and Knowing Your Rights
In California, dealing with debt is challenging enough without the added stress of creditor harassment. At Wadhwani & Shanfeld, we understand the impact that such harassment can have on your life. Consult with the Los Angeles bankruptcy attorneys at Wadhwani & Shanfeld for specific advice and legal remedies to handle creditor harassment effectively. What… Read More »
The Biden Administration’s Impact on Student Loan Debt
The Biden-Harris Administration has made significant strides in addressing the student loan debt crisis in the United States. Recently, they announced the approval of an additional $4.8 billion in student loan debt relief for 80,300 borrowers. This latest move is part of a series of actions that have collectively resulted in nearly $132 billion… Read More »
Loan Modifications vs. Refinancing: Understanding Your Options
When facing financial challenges or seeking better terms on a mortgage, homeowners often consider loan modifications and refinancing. Both options can provide relief or financial benefits, but they serve different purposes and have distinct implications. The Los Angeles loan modification attorneys at Wadhwani & Shanfeld can help you clarify these options, helping you make… Read More »
Navigating Medical Debt in Bankruptcy
Medical debt can be overwhelming, often leading individuals to consider bankruptcy as a solution. At Wadhwani & Shanfeld, we understand the complexities involved in managing medical debt through bankruptcy. Consulting with a Los Angeles bankruptcy attorney can help provide a clear understanding of how medical debt is treated in bankruptcy proceedings. The Burden of… Read More »
How Credit Card Debt is Handled in Bankruptcy Proceedings
Credit card debt is a common issue that leads many individuals to consider bankruptcy. At Wadhwani & Shanfeld, we often encounter clients seeking clarity on how their credit card debt will be treated in bankruptcy proceedings. Consulting with Los Angeles bankruptcy attorneys can demystify the process and provide essential insights into managing credit card… Read More »
Navigating the Emotional Impact of Bankruptcy
Bankruptcy, while a practical solution for financial distress, often comes with significant emotional challenges. At Wadhwani & Shanfeld, we recognize that the journey through bankruptcy is not just a legal process but also an emotional one. This blog aims to offer guidance on managing the stress and emotional challenges that accompany bankruptcy. Acknowledging the… Read More »
Preparing for a Consultation with a Bankruptcy Attorney
Filing for bankruptcy is a significant decision that requires careful consideration and preparation. The initial consultation with a bankruptcy attorney is a crucial step in this process. The Los Angeles bankruptcy attorneys at Wadhwani & Shanfeld understand the importance of being well-prepared for this meeting. Gather Financial Documentation Income Sources: Bring recent pay stubs,… Read More »