Author Archives: Jay Butchko
Will a Second Mortgage Prevent You From Selling Your Home?
If you’re thinking about selling your home but have a second mortgage or home equity line of credit (HELOC) still attached to the property, you may be wondering: Will this stop the sale? The short answer is no—but it will affect the process. A second mortgage, sometimes referred to as a subordinate lien, doesn’t… Read More »
Hidden Tax Deductions in Chapter 13 Bankruptcy: Don’t Leave Money on the Table
Tax season can be stressful under the best of circumstances—but if you’re in a Chapter 13 bankruptcy, it can feel even more confusing. Amid all the forms and financial records, there’s a little-known silver lining: some of your Chapter 13 plan payments may be tax-deductible. Unfortunately, many people—and even some tax professionals—overlook these potential… Read More »
Second Mortgage vs. Home Equity Line of Credit (HELOC): How Each Is Treated in Bankruptcy
If you’ve borrowed against your home—whether through a second mortgage or a home equity line of credit (HELOC)—you may be feeling added financial pressure as debts pile up. For many California homeowners struggling to stay current, the threat of foreclosure or lawsuits can become very real, especially if the value of the home has… Read More »
The Hidden Value of California’s Exemption Laws: Why You May Have More Protection Than You Think
When you’re overwhelmed by debt, the idea of filing for bankruptcy can feel like admitting defeat. Many people delay filing for far too long—fearing that they’ll lose everything, from their home and car to the last piece of furniture in their living room. But here’s the truth that often surprises our clients at Wadhwani… Read More »
What Counts as a “Homestead” in California? Understanding Which Properties Qualify for Exemption
For many Californians facing financial distress, the most pressing concern is keeping a roof over their heads. Whether you’re behind on your mortgage, facing a lawsuit, or considering bankruptcy, understanding the California homestead exemption can be the difference between losing your home and preserving your most important asset. But one common question our Los… Read More »
Chapter 13 as a Foreclosure Defense: Restructuring Your Debt to Save Your Home
If you’re a homeowner in California, Chapter 13 bankruptcy can be one of the most powerful legal tools available to stop foreclosure and give you a structured way to catch up on what you owe—without giving up your house. The Los Angeles foreclosure lawyers at Wadhwani & Shanfeld have helped thousands of individuals and… Read More »
Will Bankruptcy Erase a Wage Garnishment That’s Already Happening? What to Expect
Wage garnishment is one of the most distressing consequences of falling behind on debt. When a creditor starts taking a portion of your paycheck before it even reaches your bank account, it can feel like your financial life is spiraling out of control. But there is good news: bankruptcy can often stop wage garnishment—and… Read More »
Behind on Car Payments? Understanding Your Rights Before Repossession Happens
Falling behind on car payments can feel like a race against time. As the late notices pile up, the fear of walking out to find your vehicle gone becomes very real. But while the situation is serious, it’s not hopeless. If you’ve missed payments or are struggling to keep up, it’s important to know… Read More »
How to Handle a Sheriff’s Sale or Trustee’s Sale in California: Legal Tools to Delay or Prevent It
Facing a sheriff’s sale or trustee’s sale in California can feel like the final blow in a long and stressful financial battle. Whether the result of mortgage foreclosure or vehicle repossession, these public sales often mark the last stage before you lose your home or personal property. But even at this point, all may… Read More »
How to Find a Qualified Bankruptcy Attorney
Filing for bankruptcy is a significant financial decision that can provide relief from overwhelming debt and offer a fresh start. However, the bankruptcy process is complex, and hiring a qualified bankruptcy attorney is crucial to ensuring your case is handled correctly. A knowledgeable attorney can help you understand your options, protect your assets, and… Read More »