West Covina
West Covina Office
100 North Barranca Suite 250
West Covina, CA 91791United States (US)
Norwalk - Imperial Sq. Office Park
Norwalk – Imperial Sq. Office Park
12631 E. Imperial Highway Suite A-104
Santa Fe Springs, CA 90670United States (US)
Ontario - Ontario Exec. Center
Ontario – Ontario Exec. Center
3535 Inland Empire Blvd Suite 45
Ontario, CA 91764United States (US)
Torrance
Palmdale
Glendale
Glendale
100 North Brand Boulevard Suite 636
Glendale, CA 91203United States (US)
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3 Benefits of a Virtual Bankruptcy Process
Submitted by Erik ClarkFor over a year and a half, we have been living our lives at home. In what seemed like an almost overnight transformation businesses and consumers evolved to survive and adapt to keep families and their livelihoods safe. Everyone had to adapt, people, parents, and professionals. Here at Borowitz & Clark, one of the first […]
5 Reasons You Shouldn’t Ignore Debt Collectors
Submitted by Barry BorowitzWhen you’re struggling with debt, your phone rings a lot. Your mailbox is full. You may even be receiving emails and texts encouraging you to make contact, make payment, or make payment arrangements. It’s stressful and discouraging. No one likes falling behind, worrying about legal action, and fielding all those calls. Sometimes it seems that […]
Windfalls after Bankruptcy: Who Gets the Money?
Submitted by Erik ClarkIn most situations, your bankruptcy estate consists of assets you owned or had a right to at the time you filed. Which assets are and are not included in the bankruptcy estate can be very important, since the trustee can use non-exempt assets to pay creditors. Generally, income after filing–even if it’s a lot of […]
Debt & Tax Implications: When is Debt Relief Taxed?
Submitted by Barry BorowitzNegotiating your way out from under a large debt can be a tremendous relief. No more stressful calls from the creditor or a debt collector trying to squeeze a payment out of you when you’re just getting by. No worries about a lawsuit, wage garnishment, or other disruptive collection activity. Sometimes, though, that sense of […]
CDC Extends Federal Eviction Moratorium…Sort Of
Submitted by Erik ClarkThree days after the expiration of the federal eviction moratorium issued by the Centers for Disease Control and Prevention (CDC), CDC Director Rochelle Walensky signed a two-month extension. But, the original CDC order didn’t protect everyone, and this one comes with additional limitations. Here’s what you need to know. ContentsWho is Protected by the CDC […]
Pros and Cons of Reaffirming Your California Car Loan
Submitted by Barry Borowitz“Can I keep my car if I file for Chapter 7 bankruptcy?” is one of the most common questions we hear. The answer is usually yes, since up to $3,325 or $5,850 in equity in your car is exempt, depending on which exemptions you choose. And, you may be able to supplement that with the […]
The End of the Foreclosure Moratorium: What it Means for California Homeowners
Submitted by Erik ClarkForeclosure rates in California and around the country dropped dramatically during 2020, due in part to the federal moratorium on foreclosure of government-backed mortgages. Nationwide, 2020 was a record-low year for foreclosures, with starts down 67% and foreclosure sales down 70% compared with 2019. The moratorium is still in effect, but foreclosures are already on […]
How to Fight a California Debt Collection Lawsuit
Submitted by Barry BorowitzDuring the pandemic, Californians and people around the country were protected from a variety of debt and financial-related risks. Student loan payments and collection of delinquencies were suspended. Evictions were put on hold, and a federal order halted residential foreclosures for those with government-backed loans. But, debt collectors remained active. In some cases, those attempting […]
Tips for Rebuilding Personal Finances after the Pandemic
Submitted by Barry BorowitzIt appears that an end is finally in sight. As of mid-May, more than half of Californians have received at least one dose of the Covid-19 vaccine. In Los Angeles County alone, more than 9 million doses have been administered. Daily new cases have dropped below 5% of the winter peak, and jobs are rebounding. […]
Credit Card Debt Drops as Serious Delinquency Climbs
Submitted by Erik ClarkAccording to the Q1 2021 Quarterly Report on Household Debt and Credit from the New York Federal Reserve, aggregate household credit card debt in the United States has declined by $157 billion since the end of 2019. For the average consumer, that’s a decrease of nearly $900: $5,315 in credit card debt in 2020 compared […]