Coronavirus is affecting every aspect of daily life including federal, state, and local governments. The courts have had to adjust their rules in light of the pandemic. We have put together this FAQ to help our clients navigate the new bankruptcy rules. This is not legal advice but guidelines. ARE THE BANKRUPTCY COURTS STILL OPEN? […]
automatic stay
By Doing Nothing, Does a Creditor Violate the Automatic Stay in Bankruptcy?
Under Section 362 of the U.S. Bankruptcy Code, an automatic stay prevents creditors from collecting debts from a debtor. An automatic stay halts all actions, including repossessions, foreclosures, and phone calls, and is enforced by the bankruptcy court. Once collection actions are halted by the court, whether a creditor does nothing and still violates the […]
Top 9 Questions Couples & Partners Ask About Bankruptcy
The decision to file for bankruptcy is never an easy one. For married couples and those thinking about marrying their loved one, filing for bankruptcy can be even more complicated. Debt collection, foreclosure, and wage garnishment become not only personal problems, but your partner’s as well. To reduce the stress, here are answers to common […]
Supreme Court Clarifies Finality in Bankruptcy Proceedings
The issue of finality has been open to interpretation in bankruptcy cases. This means that what constitutes a final order in the context of a bankruptcy can be seen in different ways. This is important in knowing whether you can appeal a court ruling. The Supreme Court of the United States recently made an important […]
The 3 Major Benefits of Bankruptcy
Bankruptcy is quite often misunderstood. It has been stigmatized yet can provide a positive solution for someone in a difficult financial situation. There are many bankruptcy options out there, which a firm such as Oaktree Law can help you choose and file for without risking property loss or a backlash from your creditors. Having large […]
The Benefits of an Automatic Stay
Let Our Bankruptcy Attorneys Serving Los Angeles Protect You Living your life under a looming cloud of debt you cannot repay is never easy, but filing for bankruptcy can be your saving grace. Whether it is chapter 7 or chapter 13 bankruptcy, these legal processes are designed for people who have hit a financial hardship […]