When you file for bankruptcy, it can remain on your credit report for up to 10 years. You may wonder what good discharging your debt has done. However, it’s possible to start rebuilding your credit soon after your bankruptcy filing. In fact, lenders can look upon your lighter debt burden favorably. There’s also no possibility […]
Bankruptcy Article Archives
Why Choose OakTree Law?
When you file for Chapter 7 bankruptcy, there is a system that determines the property you get to keep and that which will be sold to pay your debts. You may get to keep your home, car, and other valuable personal assets during and after the bankruptcy process. Nonexempt property will be sold by the […]
What Should I Expect From My Bankruptcy Attorney?
Whether you’re filing Chapter 7, Chapter 13, or other form of bankruptcy, you need a bankruptcy attorney for help navigating the complex process. Bankruptcy can free you of debt or provide a more practical way to improve your financial situation. A bankruptcy case can be challenging; just filling out the right forms can be stressful, […]
Why More and More Seniors Are Filing for Bankruptcy
The number of senior citizens who have filed for bankruptcy has risen dramatically. According to The New York Times, although the number of older Americans has increased about 500%, about 12% of those are now seniors. In 1991, seniors represented just 2.1% of filers, representing a nearly 10-fold increase in less than three decades. Why […]
What Causes the Need to File Bankruptcy?
People often associate bankruptcy with a way to deal with the consequences of uncontrollable spending. However, as a Los Angeles bankruptcy attorney, we know reckless spending isn’t often the reason someone files for bankruptcy. There are some major events in life that can play a role. Many of these aren’t situations you can necessarily avoid. […]
7 Ways To Help Get Out Of Debt
Are you dealing with large amounts of debt and wondering how to get out of debt quickly? Getting out from under the weight of debt can feel like an impossible, completely overwhelming task. However, there is hope! With some creativity and hard work, you can get out of debt. Here are seven things you can […]
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 […]
Keeping Your Property in Bankruptcy
Reliable Los Angeles Bankruptcy Attorney One question posed to nearly every bankruptcy attorney by those considering filing for bankruptcy is “will I lose my home?” The fact is, most people can keep their property during bankruptcy in California, even if they are behind on their mortgage payments at the time of filing. When you work […]
Bankruptcy Myths Bankruptcy is a hard decision to make and many people worry about the long-term effects and negative reputation that may come with a bankruptcy filing. The social stigmas of bankruptcy have diminished as the economy has forced many people into situations they never thought they would be in. While bankruptcy may not be […]