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News

Will Filing for Bankruptcy Affect My Job?

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Federal law prohibits any employer from firing someone because they filed for bankruptcy. Under Section 525 of the bankruptcy code, termination, discrimination, or denial of employment due to bankruptcy is forbidden. This includes both government and private employers. However, as any Los Angeles bankruptcy attorney knows, an employer can fire you for lying, breaking workplace […]

Common Foreclosure Scams to Avoid

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Homeowners often don’t know what to do about foreclosure when they lose their job or face unanticipated hardship. If things aren’t bad enough, a fraudulent foreclosure-related company can get word of your situation (foreclosure filings can be found in public records). Predatory “foreclosure consultants” or “foreclosure specialists” are out there looking for people like you. […]

How to Get Rid of Second Mortgage Debt

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Depending on your financial situation, making monthly payments on a second mortgage can be stressful. There are several ways to relieve some of your debt and free up some cash. If your second mortgage debt is an issue, your options include to: Pay more than the required monthly payment, especially if it has a higher […]

What To Do About Tax Debt

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The Internal Revenue Service is a powerful creditor and owing money to the IRS can have consequences such as seized assets, garnished wages, and liens on property. However, there are various ways to deal with the situation, from communicating directly with the agency to receiving tax debt help from a legal professional. Here are several […]

6 Tips on How to Avoid Litigation

litigation attorney

Litigation can be distracting not to mention time consuming and expensive for your business. A legal dispute, no matter what the outcome, can damage its reputation and affect employee morale. There are many downsides to suing and being sued, to say the least. While your Los Angeles litigation attorney may be experienced and dependable, avoiding […]

Debt Repayment After Losing a Spouse

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The death of a spouse is an exceptional emotional burden. It can also be a financial one. While many things go away upon their loss, debt is not one of them. In a community property state such as California, husbands and wives are responsible for their spouse’s debt, even after they die. A Los Angeles […]

Can You Declare Bankruptcy More Than Once?

bankruptcy sign form

Yes; there aren’t any limits as to how many bankruptcy filings you can have. But if you’ve filed for bankruptcy in the past, there are rules governing when and how you can proceed with a second bankruptcy and so on. That’s why it’s crucial to have a Los Angeles bankruptcy attorney review your financial situation […]

Tips for Credit Repair for Bad Credit

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OakTree Law provides various services for people with high amounts of debt. But do you know how to fix your credit without declaring bankruptcy or taking other extreme measures? No professional skill is needed to begin credit repair. First, obtain a credit report directly from a credit bureau, such as Experian, Equifax, or TransUnion, for […]

Bankruptcy Exemptions

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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 […]

Alternatives to Foreclosure

notice of foreclosure

Buying a home might be less difficult than it used to be, but paying for one still comes with challenges. If you lose your job or face an emergency, missing mortgage payments can have serious consequences. Your lender then has the right to repossess your home through foreclosure, a complex legal process; if the sale […]