Posts tagged as:

Los Angeles Bankruptcy Lawyer

Bankruptcy Reaffirmation Agreements

If you are filing for bankruptcy and want to keep your vehicle or another secured asset, you will be required to enter into a reaffirmation agreement with the creditor. A reaffirmation agreement promises the creditor that you will continue to make payments on the secured asset you want to keep and in turn the creditor [...]

Read the full article →

Bankruptcy Property Of The Estate

When you file for bankruptcy an “estate” begins which is created under 11 U.S.C. § 541. What exactly does this mean? Well for starters, all your assets and interests in property become part of this estate and is subject to distribution to the benefit of creditors unless it is exempted. It is important to note [...]

Read the full article →

What To Do And Not Do Before Bankruptcy

Many clients are concerned with life after bankruptcy and what steps they should take to improve their credit. We have discussed this topic in a former post. However, there are important steps to remember before filing bankruptcy: 1) Immediately stop using credit cards. Do not use credit cards that will be discharged in your bankruptcy. This is [...]

Read the full article →

Bankruptcy and Student Loans: Part 2 “The Brunner Test”

In our last article we discussed the enormous pitfalls of student loan debt and how prevalent such debt is in our society. We also briefly discussed the three prong test, known as the Brunner Test, used by courts in California to determine whether a debtor is able to discharge his or her student loans. The [...]

Read the full article →

Student Loan Debt Is A Life Sentence

In an age where the cost of education is skyrocketing out of control, student financial aid debt has snowballed to an astronomical level. The warning signs were there twenty years ago as the price of tuition at higher learning institutions was far outpacing inflation. Overall, student debt in the United States is approaching a trillion [...]

Read the full article →