Bankruptcy fraud is no laughing matter. Bankruptcies are overseen by The United States Trustee Program which is an arm of the Department of Justice, so you’re essentially dealing with a government agency and they don’t take these transactions lightly. Seeing as bankruptcy is a tool used in dire financial situations to forgive or restructure debts […]
Los Angeles Bankruptcy Attorney Article Archives
How to Prepare for Chapter 7 Bankruptcy Meeting of Creditors
With most bankruptcy proceedings, it is an inevitability that you’ll have to meet with an attorney, a bankruptcy trustee and possibly creditors at some point in the process. When either individuals or businesses file for Chapter 7 bankruptcy the court will schedule a Creditors Meeting. Otherwise known as a 341 hearing, a Creditors Meeting is […]
New Year. No Debt! Is Bankruptcy a Good New Year’s Resolution?
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 […]
How Much Does it Cost to File Bankruptcy?
Bankruptcy vs Debt Settlement – Which is Worse For Your Credit?
Qualifying for a Business Loan After Bankruptcy?
Bankruptcy is often falsely associated with failure. But this is hardly the case, as the U.S. Bankruptcy Code was designed to provide people and businesses with a fresh start and a chance to improve their financial situation. Bankruptcy doesn’t always result from one’s financial habits. A fire or sudden loss of customers can cause you […]