Category Archives: Blog
Tax Debt in Bankruptcy
Written on , by BLP
The 2014 Tax season is upon us. We are here to help you if you are in need of assistance with tax debt. Many believe that tax debt, IRS debt, or Franchise Tax Board (state tax) debt is not eligible for bankruptcy relief. Bankruptcy Law Professionals is here to tell you that tax debt can Continue Reading
Can You Keep Your Car After A Bankruptcy?
Written on , by BLP
In Southern California, our automobiles are considered to be an important part of our lives. Whether you live in sunny Orange County or Riverside County, our cars are our best friends. Cars provide transportation to work and can also play the role of an air conditioning station through the hot summer days. No one wants Continue Reading
Can You Rent an Apartment or House with a Bankruptcy?
Written on , by BLP
How does a bankruptcy on your credit report impact your chances of renting a home? Income is the number one factor in securing a place to rent. It is just one part of your financial profile that a landlord or property manager would want to know about. A credit score and credit report is also Continue Reading
Is your home still underwater due to a HELOC?
Written on , by BLP
Bankruptcy is a HELOC Solution Did you know you can file a lien avoidance motion (lien strip motion) in a bankruptcy to remove a Home Equity Line of Credit or HELOC (Also known as 2nd mortgage, 2nd home loan, line of credit, junior lien, junior loan)? If your house is underwater due to a HELOC, Continue Reading
What Happens After Bankruptcy?
Written on , by BLP
The most common concern when filing bankruptcy is facing the consequences of filing. Many are concerned about the credit impact in the future. A bankruptcy is recorded on your credit report and will remain on your credit report for 10 years unless you are able to manipulate the credit bureaus to remove the bankruptcy. In Continue Reading
Were You Rejected for HARP Loan Modification?
Written on , by BLP
HARP (Home Affordable Refinance Program) is a well know program which utilizes funds provided by the government. The HARP program has gone through a few iterations, the original HARP and HARP 2.0. There is no official designation of HARP 2.0 on the Making Home Affordable website, but the biggest change was eliminating the cap of Continue Reading
Four More Years of Economic Recovery
Written on , by BLP
Congratulations to President Barack Obama. Our next 4 years with him will continue into our economic recovery from the great recession. Bankruptcy Law Professionals will also continue to help our local community of Southern California to recover from debt issues. Unsecured debt from credit cards were used through this recession to keep our households and Continue Reading
Bankruptcy Law Professionals Stops Creditor Harassment in Orange County
Written on , by BLP
Creditor harassment is common across our clients in both Orange County and Riverside or Inland Empire areas. Creditors or collections companies are sometimes aggressive in collections activities especially with phone calls to your personal cell phone or home. Some may even contact you at your place of work. It is legal for a creditor collect Continue Reading
Rich Dad Poor Dad Bankruptcy Protection
Written on , by BLP
The man behind the success of the Rich Dad Poor Dad book series is filing for bankruptcy. (You can read more details here: Rich Dad, Poor Dad, Bankrupt Dad?) This is yet another case of a wealthy individual who is strategically taking advantage of his rights under the bankruptcy code and bankruptcy protection. Robert Kiyosaki Continue Reading
Bankruptcy and Credit Card Debt
Written on , by BLP
Our bankruptcy attorneys in Orange County, Riverside County and San Bernardino County have the best local experience to help you resolve your credit card debt issues. Credit card debt is sometimes referred to as unsecured debt because the debt is not attached to any particular asset that you own. It is simply a line of Continue Reading