How to Avoid Bankruptcy Fraud in Los Angeles?

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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 […]

How to Prepare for Chapter 7 Bankruptcy Meeting of Creditors

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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?

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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 […]

How Much Does it Cost to File Bankruptcy?

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Those that have never had a reason to consider bankruptcy as an option to combat mounting debt, most likely view it as a worst-case scenario. But if you are one of the thousands of Americans up to their necks in debt, bankruptcy is not only one of the last options, it can be a saving […]

Bankruptcy vs Debt Settlement – Which is Worse For Your Credit?

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Debt seems to be a word we’re all too familiar with these days. Americans are said to have an average of 38k in personal debt, and that doesn’t include home mortgages. Most households rely on credit cards to get by, but then quickly realize they are in over their heads when it is time to […]

Qualifying for a Business Loan After Bankruptcy?

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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 […]