Is someone who relies upon support payments from his or her ex-spouse (either for themselves or for any children they may have) affected when their former spouse or partner files for bankruptcy? When someone files for bankruptcy relief under Chapter 7 or Chapter 13, that person’s creditors must immediately stop all collection efforts on theirContinue reading “Does Filing for Bankruptcy Get Rid of Support Obligations?”
Category Archives: Debt and Bankruptcy
How a Reaffirmation Agreement Can HelpYou During Bankruptcy
A Chapter 7 bankruptcy is a legal action that allows a person to eliminate most of his or her debts. With respect to unsecured debts, such as general consumer debts, credit card debts, and any other debts that aren’t secured by some form of collateral, the vast majority, if not all, will be wiped out.Continue reading “How a Reaffirmation Agreement Can HelpYou During Bankruptcy”
How Can You Avoid Falling into the Bankruptcy Trap?
There’s a familiar—and dangerous—cycle I regularly see with regard to debt and bankruptcy relief. Many people come to the conclusion that they’re carrying more debt than they can afford, so they file for bankruptcy, get relief from those debts, and then fall into the same debt-incurring behavior. Eight years pass, (the legal period between filingContinue reading “How Can You Avoid Falling into the Bankruptcy Trap?”
How Does Foreclosure Work?
In today’s economy, many people find themselves underwater with regard to their monthly expenses. When their total monthly debts amount to more than the money they’ve got coming in—and, as is usually the case, the monthly mortgage payment represents their larges expense—people sometimes opt to neglect this big debt and pay off their smaller, moreContinue reading “How Does Foreclosure Work?”
What Happens in Small Claims Court?
Clients sometimes come to my office regarding a claim they have on a defaulted personal loan or they want to retrieve a security deposit from a landlord or have some other matter where money is due them. In many cases, the amount they claim is too small to warrant being handled in acivil court ofContinue reading “What Happens in Small Claims Court?”
What Happens If You Get A Collection Notice
Getting a collection notice in the mail is never a fun thing. But it’s also not a reason to panic. In California and other states, there are very strict rules about the proper way to prepare and distribute a collection notice. So if you receive one, I recommend investigating the following factors before taking anyContinue reading “What Happens If You Get A Collection Notice”