What Not to Do When Filing for Bankruptcy

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Filing for bankruptcy can be a positive experience that helps regain your financial footing. However, there are certain steps that can hurt your bankruptcy case, even if they’re in good intention or accidental. Here is what you should avoid before filing: Don’t Lie About Your Assets Always be completely honest about your assets. Your case […]

New Year. No Debt! Is Bankruptcy a Good New Year’s Resolution?

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Consumer debt surpassed $4 trillion in December 2018, according to the Federal Reserve. This includes revolving credit card debt, which now stands at over $1 trillion.1 At the end of 2018 alone, more than $41 billion in outstanding credit card balances was added. And, according to data from Experian, the average American has a credit […]

What Is a Charge-off?

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At OakTree Law, our Los Angeles bankruptcy attorneys assist clients with various financial matters. If you think having high credit card debt or missing a credit card payment is bad, having a charge-off on your credit report is worse. A charge-off occurs when you’ve missed several months of credit card payments. The creditor has essentially […]

How to Reduce Financial Stress During the Holidays

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People experience all kinds of extra stress during the holidays. From having more to do to feeling emotional about friends and family you are unable to visit, there are numerous factors. Another stressor is the financial toll the holidays can take. Shoppers often rely on credit cards to get them through the holiday season, which […]