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Tag Archives: riverside chapter 7

Bankruptcy: The Earlier, The Better

If you are in a difficult financial situation, don’t fool yourself into thinking that your situation will be changing if there is no evidence of future cash flow coming in soon to resolve your situation. If you are unemployed and do not have any prospects in the future, you need to explore a new solution. 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

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

Can I Stop Paying My Credit Cards While I am in Bankruptcy?

Credit card debt is a common part of life in domestic households. We use credit cards to pay for things that we should be able to pay for over time if everything in your financial life goes in its expected direction. A financial emergency is what may throw your credit card debt management plan into Continue Reading

What Type of Loans Can You Get After Bankruptcy?

WHAT TYPE OF LOANS CAN YOU QUALIFY FOR? Many people are under the impression that a bankruptcy or low credit score can hold you back from securing loans with lending organizations or banks. Bankruptcy Law Professionals would like you to know that you have the potential to secure any loan you may be interested in 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

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

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

Orange County Bankruptcy and The Holidays

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

Bankruptcy and Eviction

Bankruptcy Law Professionals can help you manage your eviction process with bankruptcy protection. Bankruptcy protection is a powerful tool to help you get control of a situation that is unpredictable. A foreclosure can leave you in an unsettling position where you are unsure of how long you will be in your home and how much Continue Reading