29 04, 2018

Online Loans Carry Risks and May Lead to Bankruptcy

By | 2018-06-04T21:24:11+00:00 April 29th, 2018|Bankruptcy, Debt|Comments Off on Online Loans Carry Risks and May Lead to Bankruptcy

In the aftermath of the financial crisis, it has been harder for some borrowers to secure credit from the same sources as before. For example, in the years leading up to the crisis it was not very difficult for a person to obtain credit through a home equity loan, credit card withdrawal, or even a [...]

19 04, 2018

California Debtors Allowed to Discharge Federal Tax Debt According to Bankruptcy Court Ruling

By | 2018-04-19T00:56:14+00:00 April 19th, 2018|Debt, Taxes|Comments Off on California Debtors Allowed to Discharge Federal Tax Debt According to Bankruptcy Court Ruling

Earlier this year, a California bankruptcy court found that a couple’s tax liabilities were subject to discharge under Chapter 7 of the U.S. Bankruptcy Code. The question before the court was whether the couple’s debt accrued when the IRS assessed their tax liability in March of 2009, or when the couples filed multiple years of [...]

4 06, 2017

Supreme Court on Stale Debt

By | 2017-06-12T18:21:49+00:00 June 4th, 2017|Debt|Comments Off on Supreme Court on Stale Debt

  The Supreme Court usually decides a few cases each term that have an impact on bankruptcy law, and this year is no exception. One of the decisions, Midland Funding, LLC v. Johnson, concerns the issue of stale debts and when they can be incorporated into a Fair Debt Collection Practices Act, as an unfair [...]

13 04, 2017

All Debts are Not Treated Equally in Bankruptcy

By | 2017-04-13T03:10:48+00:00 April 13th, 2017|Bankruptcy, Debt|Comments Off on All Debts are Not Treated Equally in Bankruptcy

There are few laws on the books in the United States that are as important as our bankruptcy laws. They work as a way for people who find themselves in difficult circumstances to find relief from financial obligations and gain some breathing room in life. By declaring bankruptcy, a debtor is able to erase most, [...]

11 02, 2017

Supreme Court to Decide Stale Debt Question

By | 2017-02-11T01:42:18+00:00 February 11th, 2017|Debt|Comments Off on Supreme Court to Decide Stale Debt Question

Stale debt is a term used to describe a debt that is no longer collectable because the statute of limitations has run out on it. The statute of limitations on collecting debt varies from state in state, and in California it is four years on paper debt and two years for oral contracts. When a [...]

5 10, 2016

Federal Appeals Court in California Resolves Important Bankruptcy Case

By | 2016-10-05T20:06:37+00:00 October 5th, 2016|Bankruptcy, Debt|Comments Off on Federal Appeals Court in California Resolves Important Bankruptcy Case

  The 9th Circuit Court of Appeals decided an important bankruptcy case recently that should go a long way to helping parents get out from under collection efforts by California juvenile correctional agencies. This case comes after Orange County spent years trying to collect a debt of over $16,000 from a struggling mother of a [...]

21 03, 2016

Student Loans and Bankruptcy: Split Decisions Before Supreme Court

By | 2016-03-21T21:41:51+00:00 March 21st, 2016|Bankruptcy, Debt|Comments Off on Student Loans and Bankruptcy: Split Decisions Before Supreme Court

Higher education is widely available across the country, but it can come at a very high cost. That high cost includes books, tuition, living expenses, parking, fees, and a host of other expenses. To pay for those costs more and more students go to easily available student loans that have become as much a part [...]

16 11, 2015

Major Bank in Trouble for Debt Buying Practices

By | 2015-11-16T02:28:13+00:00 November 16th, 2015|Bankruptcy, Debt|Comments Off on Major Bank in Trouble for Debt Buying Practices

The Consumer Financial Protection Bureau (CFPB) has recently come down hard on one of the nation’s largest banks for a practice that affects consumers nationwide. If you are in San Diego and considering Bankruptcy, this news should be important to you. CFPB Fines Chase Bank The CFPB has taken action against Chase Bank for its [...]

31 07, 2014

Make Your Ventura Chapter 13 Plan Work

By | 2015-05-06T22:36:00+00:00 July 31st, 2014|Debt|Comments Off on Make Your Ventura Chapter 13 Plan Work

If you are considering a Chapter 13, consider in advance the best ways to make your Ventura Chapter 13 plan work. A successful Chapter 13 plan will result in many wonderful benefits and will reshape your financial future. Of course, the best way to start this process is to consult first with an expert bankruptcy [...]

30 07, 2014

How is the Chapter 13 Discharge Different?

By | 2015-06-30T03:05:21+00:00 July 30th, 2014|Debt|Comments Off on How is the Chapter 13 Discharge Different?

A Chapter 13 discharge is different from the discharge you receive in Chapter 7. When Chapter 13 is the best option for your particular debt circumstances, you should review which debts will be discharged with your bankruptcy attorney. The rules are complex, but some of the benefits of a Chapter 13 discharge may be great [...]

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