My clients often ask: how long does a Chapter 7 bankruptcy take? The short answer: it depends. It depends on how quickly the client organizes their information and documents; it depends on whether it makes sense to postpone filing to protect some assets that would be otherwise taken; and it depends on the Bankruptcy Trustee. I rarely have a bankruptcy take less than 4 months or longer than 8 months. The average is 5-6 months. Read more »
Asset Protection
Asset Protection Gone Horribly Wrong
“Asset Protection” means taking steps to keep people who are suing you for money owed, from taking your money or house. I had a house-flipper client who successfully protected a Read more »
Bankruptcy Didn’t Make Sense: Nothing Left to Lose & Loving It
I had a bankruptcy client a few years ago. He owned two office buildings with mortgages totaling more than the buildings’ values. They were going to be foreclosed, triggering personal Read more »
Asset Protection & Pre-Bankruptcy Planning
A well-to-do friend called me for some planning. He invited me to his beautiful, five-bedroom home in the hills above Westlake Village. We sat at poolside as he described his predicament. Read more >>