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 […]

The Benefits of Chapter 7 Bankruptcy

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Filing for Chapter 7 bankruptcy can help free you of large amounts of debt. It can be extremely beneficial if done right and with the help of a Los Angeles bankruptcy attorney. Unlike Chapter 13 bankruptcy, it does not require a court-approved repayment plan. So, if you are dealing with high credit card debt or […]

Why Choose OakTree Law

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There comes a time in every law firm’s lifespan where we have to shamelessly promote ourselves and toot our own horn. This would be that time. There are a million reasons why we believe that OakTree Law is at the top of our class, but allow us to outline those reasons here. Life is full […]

How to Build a New Business After Bankruptcy

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There are always challenges with starting and building a business. It can be even more difficult to do so after filing for bankruptcy, especially when you need a loan to start your company. The bankruptcy court can be hesitant to grant permission if you need to take on more debt. In most cases, it’s unlikely […]

The Benefits of Chapter 11 Bankruptcy

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Chapter 11 bankruptcy can help you get out of debt and stay in business. Opening a business comes with many risks. Taking on debt can help grow your company, but financial troubles may arise for many reasons, even economic factors outside your control. If you choose to continue doing business and want to more affordably […]

Top Causes of Business Debt

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Small businesses acquire debt for various reasons. If the debt is too much to resolve, the business isn’t profitable, or demand for its products and services declines, it may be forced into bankruptcy. Outside forces can lead to increased business debt as well. When your company faces a large amount of debt, options may include […]

Student Loans and Bankruptcy

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Student loan debt has surpassed credit card debt across the nation. Many are finding it difficult to pay back their student loans. Filing bankruptcy is a complex legal process and, despite the misconceptions, it is possible to discharge student loans. However, the legal requirements are complex and often discouraging. You should, therefore, hire a Los […]

How Do I Know I Can File for Bankruptcy?

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Bankruptcy is a financial option available to anyone. If you’ve tried to pay your bills, but still have too much debt, it can help improve your situation over time. You might consider speaking with a Los Angeles bankruptcy attorney for several reasons. Perhaps you’ve lost your job, are getting a divorce, or have high medical […]

Small Business Debt

Man in front of small business

Owning a small business may be your dream, but starting one often requires borrowing money. Taking on the right amount of debt can be beneficial. However, this depends on timing. Too much debt is one reason half of small businesses fail in their first five years. There are many ways to deal with small business […]