Many of my clients are embarrassed to be considering bankruptcy. I get it. But there’s a huge upside to bankruptcy. Don’t trust me? Why not see what Sebastian, my Feline Paralegal, has to say Read more »
Bankruptcy
Considering Bankruptcy? Tip 6 – Don’t Feel Ashamed
Many clients feel shame about filing for bankruptcy protection. I can tell because they tell me repeatedly that they never thought they would be talking to a lawyer about bankruptcy, Read more »
Considering Bankruptcy? Tip 5 – Timing Matters
Timing matters in bankruptcy. For example, if you have seasonal fluctuations in income (like teachers and realtors), then at some times of year your income may be too high to qualify Read more »
How Inheritance Impacts Bankruptcy
It’s horrible to have a loved one die. But sometimes the death comes with a silver lining in the form of an inheritance. However, for someone with lots of debt Read more »
Considering Bankruptcy? Tip 4 – Good for Tax Debt But Not Student Loan Debt
Bankruptcy Will Allow You to Get Rid of Most State & Federal Income Tax Debt In fact, this why I practice tax and bankruptcy law – because bankruptcy can be Read more »
Considering Bankruptcy? Tip 3 – Stop Worrying About Credit Score Hit
One of the biggest concerns people have about bankruptcy is triggering a negative hit to their credit score. The anxiety that their credit score will go down even stops some Read more »
Considering Bankruptcy? Tip 2 – Don’t Worry About Losing Everything
Many people are concerned that filing for personal bankruptcy means losing everything they own. After all, in a chapter 7 bankruptcy, everything you own and owe is legally transferred to Read more »
Considering Bankruptcy? Tip 1 – Speak To Someone Sooner Rather Than Later
Readers of my Newsletter already know that, since Covid began, I have seen a steep decline in bankruptcy clients . Seems counterintuitive, no? After all, many prominent retailers and large corporations have already filed Chapter Read more »
How To Defend Against a Bankruptcy Preference
What is a Preference in Bankruptcy? In bankruptcy, a debtor gives up legal control of most assets to a Bankruptcy Trustee, who can use those assets to pay the debtor’s Read more »
Homestead Exemption Increased; Now Easier to File Chapter 7 Personal Bankruptcy
California just became a much more debtor-friendly state. Specifically, most people filing chapter 7 personal bankruptcy no longer risk losing a house in which they have substantial equity. On September 18th, Governor Read more »