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Tag Archives: bankruptcy corona

A Charge Off Is a Bad Thing For Your Credit

If you are late on paying a debt payment for over 90 days, you may see a label on your debt as “charged off”. This type of “charge off” label on a debt is not a positive mark. Many people falsely believe that a charge off means the debt has been charged off of your Continue Reading

Can You File Bankruptcy If You Are Receiving a Tax Refund?

If you are worried about losing your tax refund because of a bankruptcy, don’t worry about it. It is not necessary to surrender your tax refund even if you are filing for bankruptcy. Your tax refund may stay in tact as long as you do not exceed the exemption limit for cash in a bank Continue Reading

Bankruptcy or Debt Settlement?

People who are on the fence about bankruptcy also tend to look at debt settlement as an alternate solution. There are definitely situations where a bankruptcy is less favorable than debt settlement, but you should learn the facts for both. Considering both solutions means that you should learn the process for both services including cost, Continue Reading

Is Bankruptcy Really “Bad” For Your Credit?

In a difficult financial situation where you are behind on debt payments without an end in sight, is filing a bankruptcy still “bad” for your credit profile? Bankruptcy on its own is definitely a negative impact on your credit profile, but the reality is that most people who are looking into bankruptcy may already be Continue Reading

Can You File Chapter 13 Bankruptcy with High Income and Assets?

Are you still under the impression that if you have income and assets, bankruptcy is not available as a debt solution to you? Well, think again. As you can see here in an article about Nicole Eggert’s bankruptcy filing http://radaronline.com/exclusives/2014/01/nicole-eggert-files-for-bankruptcy/, she has over 15k in income per month and has total assets of over $1 Continue Reading

Tax Debt in Bankruptcy

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

Bankruptcy Attorneys in Riverside Court and San Bernardino Court

Bankruptcy Law Professionals has been practicing law in the Inland Empire for over a decade. We understand there are many choices to make when trying to select a bankruptcy attorney in the city of Riverside and surrounding areas, Riverside County, and San Bernardino County. Since the San Bernardino court system and the Riverside court system Continue Reading

Can You Rent an Apartment or House with a Bankruptcy?

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

2nd Mortgage Charged-Off

What does it mean if a 2nd mortgage on real estate is “charged-off”? If you had a Home Equity Line of Credit (or HELOC) on your home or if you had a purchase money 2nd loan that was not paid, some banks will charge-off the debt. This designation can be seen on a credit report Continue Reading

Debt Limits for Chapter 7 Bankruptcy

In a Chapter 7 bankruptcy, there are no guidelines or limits to the debt amounts included in a Chapter 7 bankruptcy petition. If you are considering bankruptcy as a potential solution to your debt issues, you may at some point have asked yourself these questions: 1. Do I have enough debt for bankruptcy? 2. Do Continue Reading