Tag Archives: orange county bankruptcy

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

One of the most common questions we are asked here at Bankruptcy Law Professionals is about how the bankruptcy will impact your credit. Over years and years of experience, we can confidently state that in most of our bankruptcy client cases, the overwhelming long term result is an IMPROVEMENT of credit score. You read that Continue Reading

How does a bankruptcy impact a debt if the debt has been co-signed by a 2nd party? In this article, we will explore different scenarios in which a co-signer is involved in debt in the context of bankruptcy. When one person files for bankruptcy, the liability on the debt is essentially removed after the bankruptcy Continue Reading

Last year at around this time, there was a lot of noise in the media about the student loan crisis. The alarm was set by deadline to double student loan rates across the board to 6.8%. All student loan rates are set to double on July 1st if there is no agreement to change the Continue Reading

As the economy continues to rebound, there are many positive changes in the economic environment. More jobs means more income for those who have had a hard time finding employment through the recession. More income is usually a very positive change in your life unless your creditors intercept your earnings through a wage garnishment. While Continue Reading

Each year during tax season, potential clients are always curious to know about federal and state income tax filings and how they will relate to a bankruptcy. Some may find it difficult to manage income tax and other personal financial matters such as bankruptcy all at the same time, but with the assistance of our Continue Reading

Bankruptcy Law Professionals services in Riverside and the rest of the Inland Empire proved successful in helping thousands of people in 2012 from our Riverside bankruptcy office. There were many common themes that the general consumers were bringing to the table for us to help resolve. Major issues in the news like student loans and Continue Reading

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

Bankruptcy is normally avoided during the holidays because most of us are much too busy making our holiday plans, visiting relatives, cooking for families, and, of course, buying presents. Bankruptcy Law Professionals would like to remind you that we are open all through the holidays except for Christmas day and New Year’s day. As we Continue Reading

Many families and individuals who are dealing with an upside down mortgaged home and an unaffordable mortgage payment have sought relief via loan modification. Unfortunately, there are major financial institutions that continue to entertain the possibility of a loan modification while they also simultaneously pursue a foreclosure through a foreclosure sale or auction. It is Continue Reading