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Monthly Archives: July 2012

San Bernardino Files for Municipal Bankruptcy

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The city of San Bernardino has made the decision to file for municipal bankruptcy. Reports say it has $150,000 left in its bank account to pay its employees through July 15th. The bankruptcy protection will protect the city from losing more assets to creditors so they can pay their employees. San Bernardino was one of Continue Reading

What Does Bankruptcy Protection Mean?

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What does Bankruptcy Protection really mean? What does bankruptcy protection actually protect for the average consumer? When you read a press release about a company or individual filing for bankruptcy, it is common to hear the phrase “…has declared bankruptcy and is reorganizing under bankruptcy protection” or “…has filed for Chapter 7 bankruptcy protection”. The Continue Reading

HARP 2 – Home Affordable Refinance Program – What You Need to Know

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If you haven’t read the latest official guidelines for the revamped HARP 2 or HARP 2.0 program, here they are: The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. The mortgage cannot have Continue Reading

Medical Debt and Bankruptcy

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Many members of our community in Southern California are looking to bankruptcy to relieve financial problems with medical bills. If you have ever had a medical emergency without proper medical insurance, you know that medical costs are very expensive. Many people who are getting by on unemployment or low wages in the wake of the Continue Reading

Orange County Bankruptcy Attorney Stops Foreclosure

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Although Orange County’s real estate market seems to be on the brink of recovery, there are still many homeowners who are in default of their mortgage. For these homeowners, Bankruptcy Law Professionals can be of great assistance. Bankruptcy Law Professionals has spent the past several years helping hundreds of people in Orange County with mortgage Continue Reading

BLP Riverside Bankruptcy Attorneys Continue to Stop Foreclosure

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July 4th is a day to celebrate the independence of our county and what we are founded upon. Our founders created a government that provides us with the rights to live life in a fair and prosperous society. Today, after our celebration of independence, we can realize that the systems of government in place give Continue Reading

Mammoth Lakes is Filing For Bankruptcy Protection. Should You?

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Recently, we have seen the cities in California make the news for filing for bankruptcy protection. Stockton recently made headlines with this and now Mammoth Lakes. If you are in California, chances are, you have enjoyed the Mammoth ski resorts at one time or another. We’ve watched Mammoth Lakes’ growth over the years from the Continue Reading