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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Are You Actually Prepared for Retirement?
Submitted by Barry BorowitzContentsWhat Does this Mean for California Workers? Who is Most Affected? What to Do if You’re Behind on Retirement SavingsCalSavers Expands Access to Retirement Accounts If you’re actually truly prepared for retirement, you’re in the minority in California. A 2019 study from the UC Berkeley Center for Labor Research and Education revealed that nearly half of private-sector […]
Increase in California Homestead Exemption Opens Up Options for Many Los Angeles Residents
Submitted by Erik ClarkContentsThe California Homestead ExemptionThe Homestead Exemption Increases as of January 1, 2021.The Homestead Exemption Will Update AutomaticallyWhat the Law Change Means for California Homeowners California’s relatively low homestead exemption has long been an obstacle for Los Angeles residents seeking to resolve debt in bankruptcy. Homestead exemptions are intended to protect the family residence from creditors, […]
New California Law Protects Your Bank Account from Debt Collectors
Submitted by Barry BorowitzBoth California law and federal law have long protected a portion of a consumer’s wages from debt collectors. While a judgment creditor can request a wage garnishment order from the court, garnishment can’t exceed 25% of the debtor’s earnings. For many working people, the protection is even greater. That’s because the creditor can only garnish […]
Can I Buy a House after a Los Angeles Bankruptcy?
Submitted by Erik ClarkOne of the biggest obstacles for people considering bankruptcy is mythology. Sometimes it seems that the moment someone in tough financial circumstances decides to take control, misguided advice starts flying. Of course, family and friends usually mean well. But, that doesn’t make their information accurate. And, too often, it comes in the form of dire […]
Don’t Use Your 401(k) to Pay Down Debts
Submitted by Barry BorowitzContents4 Reasons Not to Gut Your 401(k) to Pay DebtsIt will cost you much more than you thinkYou’re putting your future at riskYour 401(k) is protected from creditorsThere is almost certainly a better optionTalk to a Los Angeles Bankruptcy Attorney Your retirement account plays an important role in protecting your future. Unfortunately, 401(k)s and other […]
Federal Report on Economic Well-Being Highlights Insecurities
Submitted by Erik ClarkContentsFinancial Stressors by DemographicRaceSexual OrientationMarital StatusEducational LevelThe Cost of Economic Insecurity Each spring, the Board of Governors of the Federal Reserve System issues a report on economic well-being in U.S. households. Traditionally, this report is based on end-of-year data from the previous year. However, in light of the unusual economic circumstances in the United States […]
The Health Impacts of Financial Stress
Submitted by Barry BorowitzSome of the ways debt hurts California families are direct and obvious. Juggling debt and dealing with creditors and debt collectors is stressful and unpleasant. Money going to cover credit card debt and service other debt is money not available to spend as you wish. Sometimes, that means holding off on buying a house or […]
Can You File Bankruptcy in California if You’re Unemployed?
Submitted by Erik ClarkContentsQualifying for Bankruptcy without a JobChapter 7Chapter 13Should You File for Bankruptcy While Unemployed? Job loss is one of the most common triggers for a bankruptcy filing. That makes sense, since most people who abruptly lose their primary source of income aren’t able to keep up the financial commitments they made based on that salary. […]
Avoiding Repossession Begins with Your Car Loan
Submitted by Barry BorowitzContentsAutomobile Loan StatisticsDefaults and DelinquencyLoan CharacteristicsPurchasing for the Success of Your Automobile Loan Automobile repossession, or the threat of repossession, is one common reason people consider bankruptcy. Most people who ultimately file for bankruptcy have struggled with debt for years before deciding to take that step. Often, a crisis such as wage garnishment, a foreclosure […]
Chapter 7 Bankruptcy Eligibility Checklist
Submitted by Erik ClarkMany people considering bankruptcy are uncertain as to whether or not they qualify to file Chapter 7. Most people who want to file Chapter 7 bankruptcy are eligible to do so, and the concerns often stem from misinformation from friends and family or the internet. In 2019, more than 11,000 Chapter 7 bankruptcy cases were […]