Tag : Huntington Beach

What I do as a Bankruptcy Lawyer

Bankruptcy Alphabet, Chapter 13, Chapter 7, Estate Planning & Bankruptcy

I believe the world view of even the thought of filing bankruptcy is financial suicide for many people.  They believe their financial lives, credit scores, reputations and even careers are over.  It’s like the “Scarlet Letter” “B” is written, stitched, into the fabric of the rest of their lives.  When networking, I’ve even said that […]

House of Debt: SoCal Version

Automatic Stay, Bankruptcy & Civil Litigation, Chapter 13, Chapter 7, Foreclosure, Modifications, Short Sales

On Sunday mornings, I enjoy my coffee with the newspaper and June 8th was the usual.  I like to keep current on the housing market and all things debt, so it’s no surprise that the article entitled, Feuer targets big banks for L.A. by Michael Hiltzik (@hiltzikm) caught my attention. I am delighted to learn […]

Chapter 7 of the Bankruptcy Code

Chapter 7

I call a Chapter 7 bankruptcy the “cheaper, better, faster way” to financial freedom from debt.  Simply, you’re in bankruptcy for a much shorter period of time [4-6 months] and most, if not all of your debts are discharged without making payments. This type of bankruptcy case is for those who simply do not have […]

Chapter 13 Bankruptcy Stops Foreclosure

Chapter 13

It seems like the mortgage crisis is over and we’ve all moved on to better days.  Have we really?  I recently read an article that discussed whether adjustable rate mortgages are coming back too soon.  Adjustable rate mortgages were being sold all the way into 2008 when the economy nearly collapsed under the toxic securitized […]

What is a Chapter 7 Bankruptcy

Chapter 7

A Chapter 7 Bankruptcy case is a liquidation bankruptcy where the debtor has no money to pay their debts.  A person is a debtor if that person has borrowed money from another party and cannot repay the debt on time and have filed for bankruptcy protection. The Bankruptcy Court provides free informational videos for those […]

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