A Chapter 13 bankruptcy can be filed by an individual or a joint case husband and wife.  Chapter 13 cannot be filed by a corporation.  In order to file for Chapter 13, an individual must complete several prefiling requirements.  The most important requirement is the taking of a credit counseling session.  The credit counseling session+ Read MoreThe post Who can file a Chapter 13 bankruptcy? app

The class of 2013 has just replaced the class of 2012 for the title of the most indebted class in American history. With the way student loan burdens are increasing, the class of 2013 will inevitably lose their title to next year’s senior class.
In 2013, graduating seniors left college with an average debt load of $30,000. That’s nearly double the amount that students graduated with 20 years ago. A recent study reveals that if you factor in credit card debt and money borrowed from family during school, students are really graduating with an average of over $35,000.

What will bankruptcy do to my credit? This is probably the question most often asked by our clients and potential clients when they are considering bankruptcy. While each client will have a different experience based on their individual circumstances, the question to the answer remains the same. It is absolutely possible to rebuild your credit […]

A common question that people considering bankruptcy may have is whether or not a judgment that has been entered against them will be discharged through their bankruptcy. The short answer is that in many cases the answer is yes, but there are some circumstances that won’t discharge the debt. For example, let’s say someone has […]

Getting your bankruptcy case filed can be a problem if you don’t know where to do so.
Lots of people call me up and ask me to file a case in Los Angeles because they work there and it’s easier for them to get to the court. This, of the fact that they live in Orange County.

Medical debt continues to be one of the most common reasons why people file personal bankruptcy.  Yet, recent studies may provide evidence that rising drug costs are partly to blame.  Medical debt related to unpaid bills is one matter, but for those who are dealing with a medical illness, the rising cost of medicine is [...]

A recent article by the New York Times reviewed a study of whether medical bills for cancer patients cause more bankruptcies. The researchers found that “cancer patients were twice as likely to file for bankruptcy as people without cancer.” The study was conducted at the Fred Hutchinson Cancer Research Center in Seattle.

According to news reports coming from literally hundreds of outlets, comedian Sinbad has filed a

Divorce is one of the leading causes of bankruptcy.  The question is always whether it is better to file bankruptcy before a divorce or after a divorce.  There is no right answer, because it depends on your individual situation.  I have previously written about the benefits of bankruptcy before divorce.  However it might not be possible for you to file bankruptcy before your divorce or you might not need bankruptcy until after your divorce.  Additionally, there may be issues of legal strategy where it ma

Chapter 13 bankruptcy is reorganization through a Chapter 13 trustee.  The reason why many people will file Chapter 13 is to save a home that has gone into foreclosure.  Now, the reason why the home fell into foreclosure could be several; in many cases, someone has lost their job, fallen behind on their bills and+ Read MoreThe post What are the most common ca