All items from Los Angeles Bankruptcy Blog

Bankruptcy at a Glance will cover the most frequent Google searches involving bankruptcy questions. 
There are cheap bankruptcy lawyers in Los Angeles. But going with the cheapest of anything can spell trouble. Here is an article we wrote about the trouble with cheap bankruptcy lawyers in Los Angeles. Read it for yourself, and decide what is best for you. Along with that, you may have questions about how to pay your bankruptcy lawyer. Try this article to get tips on affording and paying for a Los Angeles Bankruptcy Attorney.

Posted 1 week 5 days ago

Don’t be ashamed of filing bankruptcy. I know that bankruptcy is a scary word to most people. It’s not  in anybody’s definition of success. Even people who need to file bankruptcy people think it is shameful. Ok. Bankruptcy isn’t a picnic. But doesn’t it  beat giving creditors your bank account, your pay check, or being forced to give up your home? Doesn’t it? If you knew how bankruptcy works, I think you would embrace it.
People facing bankruptcy are under enormous financial pressure. The pressure is NOT caused by bankruptcy. It is caused by having debts that you can’t pay. The remedy is bankruptcy. Bankruptcy is NOT the disease. Financial stress is usually relieved by filing bankruptcy. Bankruptcy does not have the social stigma it once had. The Great Recession changed all that. General Motors filed bankruptcy. The cities of San Bernardino and Stockton have filed bankruptcy. There was also American Airlines, Chrysler…etc.

Posted 2 weeks 4 days ago

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The post Protected: Get a better reaffirmation agreement appeared first on Bankruptcy Blogger.

Posted 3 weeks 2 days ago

Two legal specialists weigh in on lawyer trouble and explain your legal rights as a client. The specialists are Leon Bayer, a Certified Bankruptcy Specialist.* And, Michael A. Colton, a Certified Legal Malpractice Defense Specialist*.

Lawyer TroubleHost Chuck Finney, of “Your Legal Rights” on KALW 91.7 FM Radio

Posted 3 weeks 3 days ago

Creditors can take your self respect, and leave you holding a financial catastrophe. What creditors can take should be up to you, not to them. But it rarely works out that way. Consumers dealing with a bill collector usually feel powerless and helpless.
Receiving a phone call from a bill collector is not pleasant. But, it isn’t supposed to be. For one thing, it is intimidating. People see the bill collector as an authority figure. The collector knows their call makes you feel small, and powerless. What is behind this fear reflex we feel when a collector calls us?

Posted 5 weeks 4 days ago

When you have serious debt trouble, “Self Help Debt Plans” can’t help you.
Clark Howard, a “financial expert”,  has been a frequent TV show guest.  He has a “Five simple Steps” debt plan. Suze Orman has a Nine Step Plan. The Motley Fool has a 60-Second Guide. Wiki How has a Nine step plan. I even found a site that debates whether Dave Ramsey’s Self Help Debt Plans beat out Suze Orman’s plans. Not surprisingly, it says sometimes it does, and sometimes it doesn’t. Gee, that’s helpful, huh?
Self Help Debt PlansAll these Self Help Debt Plans have something seriously wrong with them. If you can’t pay your debts, these plans can’t work.  These plans all require you to have significant amounts of spendable income for debt payments. But if you ain’t got the money, you ain’t got the money. No money means no steps to debt help. (Don’t trip over your own feet while you attempt the get-out-of-debt dance routine.)

Posted 5 weeks 5 days ago

It takes a bankruptcy expert to explain what is true and what is myth about filing personal bankruptcy. The public has extraordinary misconceptions on the subject of personal bankruptcy. Even the chattering money experts on TV talk shows know next to nothing about it.
Have you ever said, “I can’t pay my bills?” If you have, this article is for you.

Posted 9 weeks 5 days ago

Abogado de Bancarrota ofreciendo consultas Gratis los Sabados en San Fernando Valley.

Posted 10 weeks 3 days ago

Small business failure is a fact of life. But it doesn’t have to be a fact of your life.
You can identify the classic mistakes that often lie at the root of a small business failure. If you are making any of these mistakes, you are asking for trouble. I’ve been a bankruptcy lawyer for 34 years. During that time span I have doctored hundreds of sick businesses. Some could be turned around and saved. Most were too far gone for anyone to make a difference. By far, the biggest mistake leading to a small business failure is bad bookkeeping.

Posted 10 weeks 5 days ago

I have a warning for you about scam bill collectors. Criminal gangs are posing as law enforcement officials. They are calling people and emailing phony threats to collect on fake debts that you do not owe. They pose as bill collectors. But they’re not. They’re thieves. During the past 2 weeks, I have heard from at least five former clients who got these calls. The description is always the same. The caller will identify himself as a government official. The caller will proceed to tell you that they have a warrant for your arrest for bank fraud. You will  be given an opportunity to pay an immediate cash settlement to avoid being arrested. These callers are thieves. They work out of telephone boiler rooms. Most are probably overseas, where they hide and avoid detection. The callers usually have a heavy foreign accent.
How Scam Bill Collectors Target You.
You are  targeted because you had a bankruptcy case within the past 5 years. The caller ties to convince you that they are for real. To prove it, they will tell you your name. Your address.  And the last four digits of your Social Security number. Your bankruptcy file is a public record.  From that, they got your name, address, and the last part of your Social Security number. They will say that the non payment of your credit card debts was bank fraud. They will say that bankruptcy does not protect you. They will also say that you were duped by your bankruptcy lawyer. That your lawyer should have told you that you have committed crimes.

Posted 11 weeks 1 day ago