Going through a divorce is one of the hardest things you may ever have to do in your adult life. In Los Angeles, you might need to deal with splitting property, finances, custody of children, and more. If you can amicably agree on a resolution for most of these items with your spouse without involving […]
Last updated June 20, 2019. Falling into debt is no doubt stressful. Wondering when and how you will be able to repay creditors is big concern, but just worried should you be? Is it actually possible to be jailed for your inability to pay off debt? There are no more formal debtors’ prisons in the […]
Last updated May 17, 2018. Late mortgage payments and the threat of foreclosure can be extremely stressful and upsetting. When your mortgage bills are more than you can handle, you’re looking for any solution that can help you keep your loan in good standing and stay in your home. One option that can help is […]
Deep in debt but afraid of bankruptcy? Let’s walk through the bankruptcy process from start to finish so you know what to expect. Chapter 7 bankruptcy is designed to help you get a fresh start. In Chapter 7, you’ll surrender your non-exempt assets as payment to your creditors. Whatever unsecured debt is leftover will be […]
For many people, debt is a lifelong problem. A lifetime of emergency medical bills, car loans, student loans and a quick swipe of a credit card every so often can add up to a mountain of unpaid bills and loans over time. Debt is a major issue for many of today’s senior citizens, who can […]
Foreclosures are still happening all across California. The total number of foreclosures was down 15% in 2016 from the year before, but that still amounted to more than 78,000 foreclosed homes. About 3.6% of mortgage loans in the state were underwater in the second quarter of 2017, down from 5.2% a year earlier. Despite all […]
The decision to file a bankruptcy is a tough one. In some cases, people are worried that their friends and family may judge them for filing or for needing to file. That leads to concerns about who can find out that they filed. So, who will find out about your bankruptcy case? Bankruptcy Basics First, […]
Bankruptcy is a way for you to reorganize your finances. It’s a way for you to get out from under a crippling debt burden and start over. As part of that process, many of your debts will be wiped out. Of course, your creditors don’t want that to happen. They’re trying to collect as much […]
Last updated July 12, 2018. When you file for bankruptcy, the bankruptcy court steps between you and your creditors. Bankruptcy laws are meant to give you some breathing room, providing you a fresh start or some time to reorganize your finances. The law protects you from your creditors while you do that, but that doesn’t […]
Income Tax Obligations In California California is one of the forty-three (43) states that impose a state income tax. In addition to the state income tax obligation, residents must satisfy any applicable federal income tax obligation each year. Unfortunately, tax debt can add up just like credit card or medical debt and be just as […]
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