Tag Archives: orange county chapter 7
Can You Keep Your Car After A Bankruptcy?
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?
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?
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
How Bankruptcy Affects Your Credit
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
Co-Signer and Bankruptcy
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
Student Loan Crisis Again
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
2012 Federal and State Income Tax and Bankruptcy
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
How Long Does Bankruptcy Take in Orange County Bankruptcy Court?
Orange County bankruptcy court is located in Santa Ana, CA. Bankruptcy Law Professionals has been working with the Santa Ana bankruptcy court system since inception. We have a close ear to the pace and workflow of the bankruptcy court in Orange County and have found that, on average, bankruptcies are being processed in about 3 Continue Reading
Bankruptcy and Credit Card Debt
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
You Just Got a New Job… Can You Still Qualify for Bankruptcy?
With economic recovery under way, many people are securing new jobs and better income. If you have a new job and have improved your income, does it mean that you no longer qualify for bankruptcy? There is a good chance you still qualify for bankruptcy. There are many ways to qualify for bankruptcy. The most Continue Reading