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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What is Nondischargeable Debt?
Submitted by Barry BorowitzThe key benefit of a Chapter 7 bankruptcy case is the discharge–the elimination of the legal obligation to pay many unsecured debts. If you’re considering Chapter 7 bankruptcy, you may have heard about “nondischargeable debt” and be unsure how much bankruptcy will help you, or which of your debts may be wiped out in Chapter […]
What Happens to a Cosigner in a California Bankruptcy?
Submitted by Erik ClarkContentsWhat is a Cosigner?What Happens to a Cosigner When the Borrower Files Chapter 7?What Happens to a Cosigner When the Borrower Files Chapter 13? The Bottom Line on Filing Bankruptcy with Cosigners Typically, filing for personal bankruptcy impacts only the person filing the bankruptcy case and the creditors affected. Even a non-filing spouse is generally not […]
Is Debt Settlement a Good Alternative to Bankruptcy?
Submitted by Barry BorowitzContentsDebt in CaliforniaDebt Settlement RisksDebt Settlement Companies Don’t Always Play by the RulesDebt Settlement Can Destroy Your CreditDebt Settlement Can Get You SuedWhen Debt Settlement Fails, You May be Worse Off than When You StartedYou May Get an Ugly Surprise at Tax TimeBankruptcy v. Debt Settlement Many people view bankruptcy as a last resort, putting […]
Will I Lose My Job if I File for Bankruptcy?
Submitted by Erik ClarkIt’s common for people considering bankruptcy to be concerned about the impact a bankruptcy filing may have on other areas of their lives. Some of the most common concerns include the impact of bankruptcy on access to credit, how bankruptcy will affect existing property such as homes and cars, and the possibility of job loss. […]
Medical Debt Still a Significant Bankruptcy Trigger after the ACA
Submitted by Barry BorowitzContents⅔ of Bankruptcy Petitioners Sampled Cited Medical Costs or Health-Related Loss of IncomeMedical Costs Second-Leading ContributorOther Sources Show Continuing Struggles with Medical CostsThe Bottom Line on Medical Debt Since now-Senator Elizabeth Warren turned a spotlight on the connection between medical expenses and bankruptcy filing back in 2005, that link has been studied, scrutinized and debated. […]
What Happens at the Meeting of Creditors?
Submitted by Erik ClarkContentsAbout the 341 HearingWhen Does the Creditor’s Meeting Take Place? Who Attends the 341 Hearing?What Happens at the Meeting of Creditors?When Creditors Appear at the 341 Hearing Most consumer bankruptcy petitioners never appear in court or speak to a judge. In the typical Chapter 7 or Chapter 13 bankruptcy case, most of the work takes place […]
What is a Chapter 13 Hardship Discharge?
Submitted by Barry BorowitzContentsQualifying for a Chapter 13 Hardship DischargeThe Limitations of a Chapter 13 Hardship DischargeSecured DebtUnsecured DebtThe Bottom Line about Hardship Discharges The core of a Chapter 13 bankruptcy case is a three to five year repayment plan. The ability to stretch out past-due balances across 36-60 months can mean the difference between chaos and financial […]
Cars and Bankruptcy: Before, During and After
Submitted by Erik ClarkContentsThe Impact of Bankruptcy on Vehicle RepossessionTreatment of Cars in Chapter 7 BankruptcyThe California Motor Vehicle ExemptionManaging Car Loans in Chapter 7Treatment of Cars in Chapter 13 BankruptcyBuying a Car During Chapter 13 BankruptcyBuying a Car after BankruptcyEvery Vehicle Owner’s Situation is Different For many of us, automobiles are critical to going about our daily […]
Moving from California to Texas: 5 Things to Consider
Submitted by Barry BorowitzContentsWhy Choose Texas? SpaceHousing CostsLower TaxesGreater Protection for PropertyLower Unemployment RatesPlan ahead before considering a move California and Texas have a few big things in common: they are the two most populous states in the United States, and the second and third largest by land mass. Both enjoy year-round mild to hot temperatures. But, there […]
The Worst Ways to Manage Medical Debt
Submitted by Erik ClarkContentsPaying medical debt with credit cardsUsing home equity to pay off medical debtCashing in retirement accounts to pay medical debtBankruptcy and medical debt Medical 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 […]