Blogs
Chapter 13 Bankruptcy – Payroll Control In some jurisdictions, payroll control is mandatory. This is where the money to pay your Chapter 13 trustee is deducted by court order out of your pay. Now, payroll control can only work if you have a job. If you are self-employed, or if you are on unemployment, if+ Read MoreThe post Do I have to go on payroll control for Chapter 13? appeared first on David M. Siegel.
If you’re in debt, it’s a good idea to try every solution to end your financial problems. Just don’t take too long.
Lots of us in the world of bankruptcy and debt relief tend to talk in the language of addiction when describing our clients.
Debt problems spiral out of control, making it impossible to stop using credit cards.
Using credit cards makes you feel good at first, but the buzz fades.
You’ve got to hit rock bottom before you can get out of debt.
Rock bottom, however, is a deceptive term because it implies that there’s nothing left. But as you’ll see, waiting that long to make a decision that may include bankruptcy isn’t your best bet.
Filing For Bankruptcy Takes Time
In order to get a bankruptcy case into the court system, you’re going to need to spend time getting together your financial documents.
You’ll also need to spend a fair amount of time working through the bankruptcy schedules and related documents, ensuring that the information is correct and accurate.
When I say it takes time, I’m not talking about 20 minutes on a lazy Sunday afternoon. In fact, most people spend upwards of 10-15 hours working with a bankruptcy lawyer before the case is filed.
For those going into the process without a lawyer, it’s even more time-consuming because there’s a steep learning curve when it comes to working through the forms and procedures.
If you’re broke, you’re likely chasing every dollar. You’re hustling just to make ends meet. Definitely not a good time to take a few hours to work on your bankruptcy case.
Filing For Bankruptcy Costs Money
There’s a filing fee to get your bankruptcy case filed, though some people may qualify to get their fees forgiven by the court.
Even if you’re going to file for bankruptcy without a lawyer, you probably want to spend some money ensuring that you’re qualified for the type of bankruptcy you’re seeking. No sense in wasting your time and energy, only to get your case thrown out.
If you decide to use a lawyer, there are fees involved as well.
If you’re at the end of your financial rope, you may not be able to pay for the help you need.
When You’re Broke, You’ve Got Fewer Options
Bankruptcy isn’t the solution to every financial problem.
If you’ve got an asset you can’t protect in bankruptcy, or a financial wrinkle that can’t be smoothed over with the help of the court system, then you’ve got to look for other options.
Those options involve spending money. Debt settlement, credit counseling, and other negotiation tactics call for you to spend something in order to make the creditors go away.
Without any money, you may no longer have a means to negotiate.
Planning Ahead Is The Wisest Choice
I’m not telling you to jump into the waiting arms of the bankruptcy court, but I do think it’s important to scope out your options at the beginning.
Get a feel for the pros and cons, as well as the costs, of all your debt relief options.
If you don’t, you may find that your best solution is out of reach.
At JCH Law Firm, we are able to represent both Debtors and creditors with the same capabilities and we can do so throughout the greater Los Angeles regions including Orange County and Riverside. Attorney Jeff Hsu has experience representing hard money lenders, and other secured and unsecured creditors involved in the bankruptcy process including Chapter 7 , 11, or 13.
In Chapter 7 cases, creditors must be vigilant to file 523 non-dischargeability actions or attend the 341 Meeting of Creditors. In chapter 11 and chapter 13 cases, creditors may have to file objection to plans or disclosure statements, and/or file non-dischargeability actions during the bankruptcy process.
Remember, timelines in bankruptcy are critical and oftentimes creditors only get one bite at the apple or otherwise lose their opportunity to protect their claims. Make sure this doesn’t happen to you. Whatever your need, give us a call at 626-999-5959.
At JCH Law Firm, we are able to represent both Debtors and creditors with the same capabilities and we can do so throughout the greater Los Angeles regions including Orange County and Riverside. Attorney Jeff Hsu has experience representing hard money lenders, and other secured and unsecured creditors involved in the bankruptcy process including Chapter 7 , 11, or 13.
In Chapter 7 cases, creditors must be vigilant to file 523 non-dischargeability actions or attend the 341 Meeting of Creditors. In chapter 11 and chapter 13 cases, creditors may have to file objection to plans or disclosure statements, and/or file non-dischargeability actions during the bankruptcy process.
Remember, timelines in bankruptcy are critical and oftentimes creditors only get one bite at the apple or otherwise lose their opportunity to protect their claims. Make sure this doesn’t happen to you. Whatever your need, give us a call at 626-999-5959.
At JCH Law Firm, we are able to represent both Debtors and creditors with the same capabilities and we can do so throughout the greater Los Angeles regions including Orange County and Riverside. Attorney Jeff Hsu has experience representing hard money lenders, and other secured and unsecured creditors involved in the bankruptcy process including Chapter 7 , 11, or 13.
In Chapter 7 cases, creditors must be vigilant to file 523 non-dischargeability actions or attend the 341 Meeting of Creditors. In chapter 11 and chapter 13 cases, creditors may have to file objection to plans or disclosure statements, and/or file non-dischargeability actions during the bankruptcy process.
Remember, timelines in bankruptcy are critical and oftentimes creditors only get one bite at the apple or otherwise lose their opportunity to protect their claims. Make sure this doesn’t happen to you. Whatever your need, give us a call at 626-999-5959.
The post Looking for the Right Bankruptcy Creditor Representation in Los Angeles and Southern California? appeared first on JCH LAW FIRM.
At JCH Law Firm, we are able to represent both Debtors and creditors with the same capabilities and we can do so throughout the greater Los Angeles regions including Orange County and Riverside. Attorney Jeff Hsu has experience representing hard money lenders, and other secured and unsecured creditors involved in the bankruptcy process including Chapter 7 , 11, or 13.
In Chapter 7 cases, creditors must be vigilant to file 523 non-dischargeability actions or attend the 341 Meeting of Creditors. In chapter 11 and chapter 13 cases, creditors may have to file objection to plans or disclosure statements, and/or file non-dischargeability actions during the bankruptcy process.
Remember, timelines in bankruptcy are critical and oftentimes creditors only get one bite at the apple or otherwise lose their opportunity to protect their claims. Make sure this doesn’t happen to you. Whatever your need, give us a call at 626-999-5959.
The post Looking for the Right Bankruptcy Creditor Representation in Los Angeles and Southern California? appeared first on JCH LAW FIRM.
Wynn at Law, LLC Expands Southeastern Wisconsin Presence — Opens New Bankruptcy Office in Salem, Wisconsin
Lake Geneva, WI – January 28, 2014 – Wynn at Law, LLC, a Lake Geneva based law firm focusing on bankruptcy, real estate law, and estate planning, is excited to announce the addition of a Salem, Wisconsin office. Shannon Wynn, managing partner and attorney at Wynn at Law, LLC will head the Salem, Wisconsin based office. This marks two locations for Wynn at Law, LLC – one office located in Lake Geneva, Wisconsin and the second office located in Salem, Wisconsin.
“We’ve had remarkable success in Southeastern Wisconsin,” stated Attorney Shannon Wynn. “Thanks to our local community roots and reputation for success, we have been able to expand. The new law office location in Salem is much closer to the Kenosha County Center where bankruptcy hearings are held. This new location also helps us better serve our Kenosha County clients.”
Born and raised in Walworth County, Shannon Wynn‘s personal touch and local understanding help people in Southeastern Wisconsin get through difficult and confusing times in their lives. She is not only an attorney, but she is also a neighbor.
The new law office in Salem, WI is the beginning to an increased presence throughout Southeastern Wisconsin for Wynn at Law, LLC. As Wynn at Law, LLC continues to successfully handle bankruptcy, real estate, and probate law cases, one can look forward to new convenient locations that expand services to more Southeastern Wisconsin residents.
About Wynn at Law, LLC
Wynn at Law, LLC is headed by Shannon Wynn, an experienced bankruptcy, debt relief, real estate, and estate planning attorney. Attorney Wynn was born and raised in Walworth County. She graduated Valedictorian from Big Foot Union High School, completed an undergraduate degree at Vanderbilt University with honors, and graduated with honors from Marquette University Law School. She currently teaches at Marquette University Law School in addition to running her practice. Attorney Wynn has received the CALI Award for The Law Governing Lawyers, the CALI Award for Drafting the Wisconsin Real Estate Transaction, the AVVO Client’s Choice Award in Bankruptcy, and has received the Super Lawyers Rising Star award on several occasions. She is a member of the Wisconsin Realtors Association, National Association of Consumer Bankruptcy Attorneys, Wisconsin Bar Association, American Bar Association, Walworth County Bar Association, and A Day in Time Board Member.
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 28, 2014 Loehmann’s Locations Begin Shuttering Kyle energy storage company Xtreme Power files for bankruptcy Hawthorns Golf Club in Fishers files for bankruptcy
Debtors who are considering filing for bankruptcy may wonder about the credit counseling requirement and why they have to complete it. In short, it is required since it is stated in the bankruptcy code. Yet, if you don’t complete it you may not be able to file your petition when you are ready to seek [...]
The Code Dictates The bankruptcy code is what governs every issue of a bankruptcy filing. Under chapter 7 bankruptcy law, the bankruptcy code dictates as to what must be done with regard to particular, secured property. For example, if you have a financed vehicle in a chapter 7 bankruptcy case, the bankruptcy code mandates that+ Read MoreThe post In My Bankruptcy Case, Why Do I Need To Reaffirm On A Car But Not On My House? appeared first on David M. Siegel.
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.