He had a great mansion in Lake Sherwood, near Thousand Oaks, but when his financial-services firm fell apart, so did his life. Baseball legend Lenny Dykstra, who went through bankruptcy in 2009 (claiming about $25 million in assets and $37 million in debts), thought he could hide assets Read more >>
Bankruptcy Procedure
Bankruptcy & Self-Employed People
Self-employed persons face special challenges in filing bankruptcy. When I hear that a potential debtor has a business, a slew of questions come up: is the business incorporated, a partnership, or a sole proprietorship? Does the debtor Read more >>
Fighting A Bankruptcy Discharge: Tenant Who Wanted Her Rent Back
My client was a landlady who rented her three-unit house not far from the beach in Ventura. The county came by one day and put yellow tags on two of the units, calling them “substandard” and evicting the tenants that day. Why “substandard?” Mostly because the area was zoned for one unit only Read more >>
Getting Rid of Tax Debt With Bankruptcy
People often believe that they cannot discharge income taxes through bankruptcy. Wrong! While it can be a bit more difficult to discharge income tax compared to other debts, you can get rid of tax debt Read more >>