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Student Loans: Until Death Do Us Part

08/13/11

It is not unusual in my practice to see student loan debts well in excess of $100,000 and clients that have minimal prospects for ever paying back the debt. Since the standard for discharge of these debts in bankruptcy is so high (see article below), often I find clients who have resigned themselves to owing [...]

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Appropriate Use of Available Exemptions Will Protect a Debtor’s Property in Chapter 7 Bankruptcy

08/13/11

For those who are considering filing Chapter 7 bankruptcy in San Jose, or elsewhere in California, a common misconception is that the bankruptcy trustee will seize or take away all of a debtor’s existing property.  This is not true. Debtors are entitled to certain exemptions when a bankruptcy is filed.  An exemption allows a debtor [...]

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Aurora Bankruptcy Attorney Discusses Property Issues In Chapter 7

08/12/11

As attorneys, we need to know everything that debtors own. This is not the time where they should be hiding anything from us. We need to know so we can give them the best advice. Checking accounts and savings accounts are pretty much protected since most people don’t have much in them.  Cash on hand. [...]

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Three Plans For Fixing the Mortgage Mess

08/12/11

While the finger pointing continues little is being done by the President and Congress to stem the tide of rising foreclosures.  The Brookings Institute examines three alternative plans on how the government might actually fix the mortgage mess. The first solution proposed by Eric Posner of the University of Chicago Law School and Luigi Zingales of the Booth School [...]

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Feds For Foreclosures into Rentals, Hey! How About Stopping Foreclosures?

08/11/11

Today was a most interesting read of the newspaper. Financial stories abound each day, the news is filled with tales of the stock market crash and the double dip recession (was there ever a rise to double dip?). Here are a smattering of headlines that caught my eye: Student Loans: A Crisis in Waiting? Americans [...]

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The Bankruptcy Process

08/09/11

What steps need to be taken when you file for bankruptcy?  How will the thing pan out?  To avoid the fear of the unknown, here is a general run-down of the basic steps of filing for bankruptcy and receiving a discharge. Before you file your petition, you are required to complete the counseling requirement.  This [...]

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What is an Offer in Compromise? Can It Help Me Avoid Bankruptcy?

08/08/11

What is an Offer in Compromise? Tax settlement firms love to advertise the offer in compromise, a method for resolving IRS back taxes that theoretically involves payment of a small portion of the outstanding tax bill owed and forgiveness of the rest. Firms like Tax Masters love to imply that the IRS will simply forgive [...]

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Bankruptcy:

08/08/11

Hello everyone, I am new here. We are an Insolvency Consultancy in the UK and help struggling businesses. Bankruptcy & Voluntary Liquidation    

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Options for Dealing with a DL30 Driver License Suspension

08/07/11

Options for Dealing with a DL30 Driver License Suspension In the State of California, if a driver is involved in an automobile accident and is at fault and does not have sufficient insurance to cover the damages caused by the accident, the driver will typically receive a DL30 License Suspension. Basically, the way a DL-30 [...]

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Country Club Hills Bankruptcy Attorney On Treating Financed Vehicles Through Chapter 13

08/06/11

There are typically two ways to treat a financed vehicle through a Chapter 13 bankruptcy plan.  This is called the 910 rule or we will call it a 910 car.  That basically means was the car was either purchased more than 2 1/2 years ago or not? If it is a recent car purchase, it [...]

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