The saying “timing is everything” applies to many things in life, and that includes how bankruptcy can affect your inheritance in California. If you received an inheritance before filing for a Chapter 7 bankruptcy, it can become part of your bankruptcy estate just like any of your property unless you can protect it with a […]
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 […]
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 […]
Paying back student loans is tough. Well, tougher than tough. For some after college, it can be next to impossible. We’ve written a lot about tips and tricks to repay your student loans, along with ways to keep your student loan debt under control. But if you’re a high school student or parent of a […]
Cancer is a deadly and solemn health concern for many Americans. For some, it also leads to serious financial problems. Cancer victims and their families must go through grueling and often emotional medical treatment and ongoing care over a period of months or even years. Health insurance generally covers only a portion of these costs, […]
When you’re buried under a mountain of debt, bankruptcy protection is there to help you get back on track. A new study suggests that it’s not only good for your wallet, but good for your health. What Is Bankruptcy? Bankruptcy is a legal process that helps you reorganize your finances and get rid of excess […]
People file for bankruptcy with the intention of getting a “discharge,” or forgiveness of their debts. A bankruptcy discharge wipes out your obligation to pay so that you can start again with a clean financial slate. However, mortgage debt isn’t technically “discharged” in bankruptcy. That’s not to say that bankruptcy can’t help with your mortgage […]
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