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Category Archives: News

Topics related to various issues in current or recent events.

Homestead Exemption Up To $600,000 in California

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Many carriers of debt avoid bankruptcy in fear of endangering the ownership of their homes. This fear should be somewhat alleviated by a significant increase in the homestead exemption also referred to as a home equity exemption limit allowed in California bankruptcy courts. Since January 1 of 2021, California bankruptcy courts have raised the home Continue Reading

Gymboree Declares Bankruptcy

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Gymboree, the well-known children’s apparel store, has filed for bankruptcy on 6/11/2017. The bankruptcy filing is Gymboree’s strategic move to restructure their debt. Gymboree plans to continue to operate the business as it restructures. There are a few lessons to learn about debt and how to manage overwhelming debt when large companies file for bankruptcy. Continue Reading

Bankruptcy Filings Are Up for 2017

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The Central District of California reports that Chapter 7 and Chapter 13 bankruptcy filings have increased in the first quarter of 2017. The Central District includes San Luis Obispo County, Los Angeles County, Santa Barbara County, Ventura County, Orange County, San Bernardino County, and Riverside County. Over the months of January, February, and March, Chapter Continue Reading

Median Household Income Has Fallen Behind Cost of Living Since 2003

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Are You Wasting Too Much of Your Income? Household income on average is currently lower than the cost of living as the graphic shows below. Living in a pattern where spending is more than income can only lead to one thing: DEBT. This statistical data shows average levels of income and average levels of costs Continue Reading

Notice of Defaults in Riverside and San Bernardino

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In the counties of Riverside and San Bernardino, there have been 2,585 properties that were in a Notice of Default status at some point within the past 120 days. A Notice of Default is assigned to a property when a mortgage loan on the property is behind on payments for 90 days or more. This Continue Reading

Happy New Year! Time to Get Rid of Debt

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Here comes 2015. Still have debt hangover from the recession or loads of new debt from the holidays? In 2015, don’t focus on who to blame. Stay focused on how to solve the problem. There is no faster way to get rid of your debt and repair your credit score than filing for bankruptcy. Bankruptcy Continue Reading

California Minimum Wage Increased to $9

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Today, California’s minimum wage has been increased to $9. For all who are employed at a minimum wage rate, the increase is a positive move by the State’s policy makers, but this may not be good news for long. The economic impact of a raise in the minimum wage is inevitable for everyone. A wage Continue Reading

Bancarrota Capítulo 7 Servicio $695

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Bankruptcy Law Professionals ahora esta ofreciendo servicios de Bancarrota Capítulo 7 por una tarifa de $695 costo de abogado. Nuestro servicio de Bancarrota Capítulo 7 por $695 incluye representacion con abogado hasta la descarga y el cierre del caso. Nuestros precios competitivos no comprometen nuestro nivel de servicio. Somos conocidos por nuestro excelente servicio al Continue Reading

ANNOUNCEMENT: $695 Chapter 7 Bankruptcy Services

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Bankruptcy Law Professionals is now offering Chapter 7 services for a $695 attorney fee. Our $695 offering for Chapter 7 services is a flat rate to complete your Chapter 7 filing with an attorney fully represented through the course of the active bankruptcy until the discharge and closure of the file. Our competitive pricing does Continue Reading

Senator Elizabeth Warren Proposal to Help Refinance Student Loan Debt Fails

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Among the most prevalent debt carried by American adults is student loan debt. Student loan debt has become a major issue for the United States at has been a hot topic for our policy makers for the past several years. Measures to extend lower interest rates were recently passed to ease rising interest rates on Continue Reading

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