10-celebrities-who-survived-financial-ruin
Credit Card Debt and Personal Bankruptcy
From Napa and Fairfield to Oakland and Antioch, we hear about credit card debt every day. How it all began – the story of credit card solicitations, promotions, and gimmicks One day you received in the mail an invitation from a bank to accept a pre-approved credit card. It seemed flattering. So without much thought,…

Read article

your-bankruptcy-lawyer2
Choosing Your Bankruptcy Lawyer: Experience Matters
How do you go about choosing your bankruptcy lawyer? Most people never expect to be faced with bankruptcy. Then there’s the embarrassment factor. Facing bankruptcy is not something that most people are anxious to share with friends and neighbors. It’s not like asking for advice about a hairdresser or lawn service. So how do you…

Read article

Home Owners Association Fees not Discharged by Bankruptcy
Thanks to recent changes in bankruptcy law, home owners association (HOA) fees are not wiped out by bankruptcy. This confuses bankruptcy clients, especially those who give up the home associated with the fees. I explain why you are responsible for these fees after bankruptcy and offer a way out. Running with the Land HOA fees…

Read article

Medical Expenses, Bankruptcy, and Stress – Part 2
Now it’s time for the good news. Most – if not all – of the stress associated with filing for bankruptcy can be relieved surprisingly easily. In an article on the stress-relieving benefits of filing for bankruptcy, attorney John O’Connor mentioned Arnold Palmer’s assertion that golf is 90% mental and concluded that “the same is…

Read article

Medical Expenses, Bankruptcy, and Stress – Part 1
Poor health and bankruptcy are often intertwined in a two-way causal relationship: Poor health leads to bankruptcy and bankruptcy leads to poor health. Elizabeth Warren, who was just elected to the U.S. Senate, also happens to be an expert on American bankruptcy law. In a 2005 study conducted with Harvard colleague David Himmelstein, she found…

Read article

Which Type of Bankruptcy Case Should I File?
Choosing the right chapter of the Bankruptcy Code under which to file your case is a complex matter. The specific details of your situation must be considered. I offer general guidelines to simplify this process. But in the end you may need the help of an experienced bankruptcy attorney. The Different Kinds of Bankruptcy Consumers…

Read article

Paying Criminal Restitution via Chapter 13 Bankruptcy
Sometimes different areas of law can conflict. Bankruptcy law is particularly prone to such conflicts. One prime example is found in the relationship between bankruptcy law and criminal law. The purpose of bankruptcy is to give the debtor a fresh start by “discharging” or wiping out his or her debts. But what if one of…

Read article

The Bankruptcy Process Is About Tough Decisions
Deciding to file for bankruptcy is a tough decision. If it was easy then everyone would do it and the law itself probably would not be effective. Bankruptcy is a give-and-take system. You want to get out of debt but in return you must generally give  up something. Whether it is giving up an asset, living…

Read article

must-i-include-all-creditors-in-my-list-of-debts1
Why Do I Have to List All My Debts?
Clients frequently ask about not listing a particular debt in the bankruptcy. This is usually that first credit card that they received as a freshman in college. It has become a reminder of more carefree days and so they want to hold on to it. But yes, you must list all of your debts on…

Read article

Guarding your Retirement
You’ve been a hard worker all your life and you have even been conscientiously contributing to your company’s 401k or 403b plan. You have a pot of gold you can rely on when you’re no longer able to work. Unfortunately, through no fault of your own, disaster strikes – a major illness, a loss of…

Read article

Pages12345