Bankruptcy

Recent blog articles written about bankruptcy in Los Angeles, CA. If you have a question that is urgent please call us at(213) 699-3055. Our Los Angeles bankruptcy lawyers are standing by for your call.

When Student Loan Debt Leads to Bankruptcy

Bankruptcy, Chapter 11, Chapter 13, Chapter 7, Credit Card Debt, Debt Relief, Debt Settlement FAQ|

It can be very difficult, if not impossible, to discharge student loans through bankruptcy. Courts require that you prove it would cause an undue hardship for you to pay. The problem with this is that Congress has never defined what constitutes an "undue hardship," thus leaving it in the hands of many courts to determine

U.S. Retirement Crisis

Bankruptcy, Credit Card Debt, Debt Relief, Debt Settlement FAQ, Foreclosure|

More seniors are filing for bankruptcy, leaving many to question if America is facing a “retirement crisis."U.S. Retirement CrisisAccording to a paper by academic researchers affiliated with the Consumer Bankruptcy Project, "Older Americans are increasingly likely to file consumer bankruptcy and their representation among those in bankruptcy has never been higher.”So what's the potential reason? High

What is Debt Consolidation?

Bankruptcy, Credit Card Debt, Debt Relief, Debt Settlement FAQ|

Debt consolidation means that all of your smaller loans get paid off with one large loan. So you essentially get one lump sum to pay off your smaller loans so that you only have one monthly payment rather than several monthly payments. The theory behind this is one payment is easier to manage than

Can You Still Receive Social Security in Bankruptcy?

Bankruptcy|

A common question during bankruptcy is if social security payments will be garnished to pay off creditors. Below we discuss how social security is handled during both Chapter 7 and Chapter 13 bankruptcies.What is Social Security?Before we discuss how Social Security is treated in Chapter 7 and Chapter 13 bankruptcies, it's

Protecting Assets During Bankruptcy

Bankruptcy, Bankruptcy Means Test, Chapter 11, Chapter 13, Chapter 7|

You worked hard for what you've earned but things happen and if you're at risk for losing the assets you've worked hard to achieve, you might want to consider bankruptcy. Luckily, lawmakers have put things in place to shield the assets that you've worked so hard for. Here are some of the ways you

Celebrities Go Bankrupt Too

Bankruptcy, Chapter 13, Chapter 7, Credit Card Debt|

Filing for bankruptcy can make you feel like a failure. Thousands of people file for bankruptcy every year - even celebrities. Just check out our list of celebrities that have declared bankruptcy and been able to rebuild. Celebrities Go Bankrupt Too Donald Trump. By now everyone knows that real estate mogul and current President, Donald

Debt Repayment After Losing a Spouse

Bankruptcy, Chapter 13, Chapter 7, Credit Card Debt, Debt Relief|

Losing a spouse is one of the hardest things a person can go through. Making this time even harder is dealing with any debt that might have been left behind. Debt Repayment After Losing a Spouse The first few months after losing a spouse are the hardest. As you adjust