It is commonly believed that Chapter 11 Bankruptcy is reserved for businesses. While it is true that a business cannot reorganize its financial affairs in a Chapter 13, it is not true that an...
September 11, 2011
Bankruptcy,
Chapter 7
If debtor's income is higher than the median income for the state in which they live, the debtor still may qualify for a chapter 7 by going through the bankruptcy means test. The means test is a...
August 20, 2011
Bankruptcy
Frequently, one of the major concerns of clients consulting with our law firm is whether they can be fired from their present job if an employer learns of their bankruptcy. The answer is clearly no.
August 18, 2011
Bankruptcy,
Chapter 11
Individuals Over Allowable Debt Limit May Have to File Chapter 11
Chapter 13 Bankruptcy is the prefered bankruptcy type for an individual or consumer in a reorganization case. The fees are typically...
August 3, 2011
Bankruptcy,
Debt Management
If you owe a creditor money, you may think that it is a good thing if that creditor stops attempting to collect the debt. Note, however, that if a creditor cancels or forgives a loan, it may report...
July 28, 2011
Bankruptcy,
Foreclosure
Recently, in a case involving Wells Fargo and American Home Mortgage Servicing, Inc. (AHMSI) we had the opportunity to take the deposition of bank representative Jose Colon. A copy of the deposition...
June 17, 2011
Bankruptcy
It is well known that the leading cause of divorce is money....or rather the lack of money. What I have come to learn after meeting with many divorced debtors in my bankruptcy practice, is that the...
June 15, 2011
Bankruptcy
We've all heard the old saying, "Life goes on." Well, the old saying is true, and it applies very well to those who have gone through bankruptcy.
To be sure, there are challenges. Filing for...
May 1, 2011
Bankruptcy,
Chapter 11
Just as individuals feel the pinch of a slow economy, businesses suffer during economic downturns. A recent high profile example of a business seeking bankruptcy protection is the L.A. Dodgers filing
April 12, 2011
Bankruptcy,
Chapter 11
The recession may officially be over. But times are still tough, with unemployment high, housing values low, and everyone trying to adjust to a new economic reality.
Fortunately, bankruptcy remains a...