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 stability, and Chapter 13 allows many people to regroup and rebuild their finances without surrendering property. But, three to five years […]
For many of us, automobiles are critical to going about our daily lives. The family car may be necessary to get to and from work, to take children to school, to get to necessary medical appointments, and for many other reasons. The importance of personal automobiles varies depending on geography, and those of us in […]
While 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, […]
Even 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. […]
In 2009, a person (or group—no one’s quite sure) using the name Satoshi Nakamoto launched Bitcoin, a new digital currency. Early on, the value of bitcoin was so low that one person paid 10,000 bitcoins to purchase pizza from Papa John’s. By December 2017, the price of each bitcoin had increased to nearly $20,000, and […]
You’ve already filed for bankruptcy once and received your discharge in court. Congratulations, this is a big step! Your financial fresh start has been going well — but now the bills are starting to pile up again. Maybe it’s a variable rate mortgage, medical expenses, or simply the increasing cost of living in Los Angeles. […]
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 […]
“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 […]
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 […]
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