Imagine this scenario: You’ve got thyroid cancer, and you stop paying your bills while you’re going through treatment. You’re a mother of three, and you need to lean on other family to help support you during this difficult time. While you’re recovering at your parents’ home, you miss notices in the mail about your amounting […]
We all want to enjoy our golden years, but the sad news in Los Angeles and across the country is that the number of seniors filing for bankruptcy is increasing. Twenty percent of bankruptcies are filed by people who are age 55 and older. That’s twice as many as there were in 1994. Perhaps this […]
If you’re wondering where all of your money went after the holidays, you’re not alone. Americans racked up an average of $1,054 in debt this holiday season, and they may be overwhelmed by credit card bills they didn’t expect so early. According to a Magnify Money survey, more than two-thirds of shoppers paid for gifts […]
When you’re in debt, you have a lot of things to cross off your daily to-do list. Pay this bill. Come up with a plan to pay the next one. Call your creditor to ask for an extension or payment plan. It can all seem pretty overwhelming. Luckily, you have options. Filing for bankruptcy may […]
We have seen a great many natural disasters of late, calamities that will take years to rebuild. Many people lose everything, and some never recover. It would seem that following a natural disaster, there would be a flood of bankruptcies. Yet at a glance, that does not appear to be the case. For the few […]
“What’s your credit score?” While that’s not exactly first date conversation, it is a question you’ll want to ask before walking down the aisle with your sweetheart. Credit scores impact every facet of our financial lives, from buying a house to leasing a car. A low credit score (below 650) can even have a negative […]
Life isn’t over after bankruptcy. If you dream of owning a home, you will be able to get a mortgage, but it will usually require a wait of two years, during which you can work to rebuild your credit score and save that dreaded down payment. The median home value in Los Angeles is $632,000 […]
If you’re struggling with debt and you live in Los Angeles, you may have considered bankruptcy before. If this is your first time filing for bankruptcy, you might be wondering: Just what will life be like after bankruptcy? Life, surprisingly, can be very good after bankruptcy! Particularly if you retain the services of a qualified […]
If you live in Los Angeles and you’re thinking of filing for bankruptcy, you’re not alone. However, you may be among a smaller group of people — mirroring national trends, because the United States Bankruptcy Court Central District of California’s bankruptcy filings are slowing down. In fact, both personal and business bankruptcy filings fell to 9,415 […]
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 […]
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