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)
Los Angeles
Los Angeles
555 West Fifth Street 31st Floor
Los Angeles, CA 90013United 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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The Worst Ways to Manage Medical Debt
Submitted by Erik ClarkMedical debt is a widespread problem in America. The Urban Institute says 13% of households in Los Angeles County have medical debt in collections, and that’s the good news. In other areas of the country, the problem is much worse. The national average is 18%, and in many areas the picture is even bleaker. In […]
Chapter 13 Debt Limits Increased April 1
Submitted by Barry BorowitzWhile would-be Chapter 7 bankruptcy filers are subjected to a complex calculation involving debts, income, and expenses, the hurdles for those pursuing Chapter 13 bankruptcy are different. Generally, Chapter 13 bankruptcy will be an option if the debtor: Is an individual–there is no Chapter 13 bankruptcy for businesses, Is not disqualified by a recent dismissal, […]
Negotiating with Creditors and Debt Collectors
Submitted by Erik ClarkWhen you feel like you’re drowning in debt, talking to creditors and collection agencies is probably the last thing you want to do. In fact, if your debts have spiraled far enough out of control, you may have stopped picking up the phone when creditors call, and even left bills and collection letters unopened. That’s […]
Is Back Rent Dischargeable in Bankruptcy?
Submitted by Barry BorowitzIt’s expensive to live in the City of Angels. Rent in Los Angeles often represents a hefty chunk of an individual’s total income. By the time they declare bankruptcy, it is not unusual for many people to be behind in their rent, sometimes on the verge of eviction. Of course, having a home is vitally […]
How Will It Affect My Spouse if I File a Separate Bankruptcy in California?
Submitted by Erik ClarkIf you are married and living in California and are considering filing bankruptcy, you can do so individually without your spouse or file jointly with your spouse. Let’s take a look at the impact of filing bankruptcy individually in California, whether it’s advisable and how it will affect your spouse. ContentsWhat Assets Are Part of […]
Can California Licensed Marijuana Businesses Seek Bankruptcy Relief?
Submitted by Barry BorowitzAs California expands the mantel of legitimacy on licensed California marijuana businesses, you would think that licensed cannabis businesses would enjoy the same rights as other California businesses under federal law, but that’s not case. Let’s briefly look at the background of California’s marijuana businesses and restrictions that prohibit them from declaring bankruptcy. ContentsCalifornia Law […]
8 Tips to Avoiding a Second Bankruptcy
Submitted by Erik ClarkEven after people declare Chapter 7 bankruptcy and have their financial slates wiped clean or file a Chapter 13 bankruptcy to reorganize and slowly pay back creditors, it can be all too easy to fall back into debt. 8% of those who file bankruptcy are repeat filers, though 16% of personal filings are repeat filings. […]
Section 199A Final Regulations: Does My Business Qualify for the New Deduction?
Submitted by Barry BorowitzWe are all aware that huge tax changes known collectively as the Tax Cuts and Jobs Act (TCJA) were passed in 2017 and went into effect January 1, 2018. A significant addition was a 20% pass-through income deduction (26 U.S. Code § 199A) to many small businesses with “qualified business income.” The intent was to […]
A Closer Look at American Finances
Submitted by Erik ClarkUnemployment is extremely low right now and incomes are rising, so you would think that Americans would be living the high life. But the fact is that most of us are struggling. How is this possible? A November 2018 study released by the Center for Financial Services Innovation (CFSI) found that 17% of Americans are financially […]
Check Your Credit Report and Improve Your Quality of Life
Submitted by Barry BorowitzWe all know we should check our credit scores at least once a year just like we should go to the dentist regularly. But for some of us, even the thought of checking our credit scores and reading our credit reports brings on a stomachache. Ignoring your credit score can have a vast and lasting […]