Bankruptcy Blog
Posted on May 15, 2012 By Los Angeles Bankruptcy Lawyer
Married couples tend to share everything, and that includes debts. This is why the issue of debt is called into question so often when a couple is seeking divorce. If a couple jointly took out a loan, ...
Continue reading "Bankruptcy and Divorce" »
Posted on May 10, 2012 By Los Angeles Bankruptcy Attorney
Thousands of employees could lose their jobs after hostess Brands, Inc. declares Chapter 11 bankruptcy. Through this brand of business bankruptcy, they are attempting to restructure their brand as ...
Continue reading "Hostess Brands Inc. Bankruptcy Could Kill 18,000 Jobs" »
Posted on May 3, 2012 By Los Angeles Bankruptcy Attorney
If you are struggling financially, you may be considering the possibility of bankruptcy. Not everyone is eligible to file though. One of the first steps you will have to take is filing a means test . ...
Continue reading "How a Means Test Can Help You" »
Posted on Apr 27, 2012 By Los Angeles Bankruptcy Lawyer
Designer Betsey Johnson filed for Chapter 11 bankruptcy in New York this Thursday due to the poor performance of some of her retail stores. The designer currently has 63 stores, most of which will be ...
Continue reading "Designer Betsey Johnson Files for Chapter 11" »
Posted on Apr 10, 2012 By Los Angeles Bankruptcy Lawyer
In a recent article by the Los Angeles Times, household debt seems like it is too high to be overcome in some cases. Basically, experts are saying that the recession isn't the only thing causing ...
Continue reading "High Household Debt Makes Overcoming Recession Difficult" »
Posted on Apr 4, 2012 By Los Angeles Bankruptcy Attorney
Many UCLA students woke up one morning mysteriously more wealthy than they were when they hit the pillow the night before. According to reports, about 7,000 UCLA students were baffled over that very ...
Continue reading "UCLA Students Forced to Give Back Financial Aid" »
Posted on Mar 28, 2012 By Los Angeles Bankruptcy Attorney
Magic Johnson, former NBA superstar, is the frontrunner when it comes to purchasing the Los Angeles Dodgers baseball team after they declared bankruptcy last year. And while you didn't know it, ...
Continue reading "What Could the Sale of the Dodgers Mean for You?" »
Posted on Mar 20, 2012 By Los Angeles Bankruptcy Attorney
When you are in debt, the last thing you want is people calling you repeatedly telling you that you are in debt. This is stressful and unhelpful, especially since you are no doubt already aware of ...
Continue reading "What Are Creditors Allowed To Do?" »
Posted on Mar 5, 2012 By Los Angeles Bankruptcy Attorney
The Baltimore, King Edward and Leland historic Los Angeles hotels were all sold this past weekend in a bankruptcy auction for $9.8 million. Developers are taking on the project of restoring these ...
Continue reading "Three Historic Los Angeles Hotels Sold at Bankruptcy Auction" »
Posted on Mar 1, 2012 By Los Angeles Bankruptcy Attorney
Recently in Pico Rivera, investigators reported than a man had received $30,000 in unemployment insurance benefits over a two year period. The problem? The money was fraudulently gained. The man was ...
Continue reading "Group Arrested for Unemployment Fraud" »
Posted on Feb 22, 2012 By Los Angeles Bankruptcy Attorney
Although California foreclosures declined 23 percent from a year ago, the state still has the second-highest foreclosure rate next to Nevada. If you are a California resident, you are no doubt aware ...
Continue reading "Decline in California Foreclosure Filings for January" »
Posted on Sep 22, 2011 By Matthews Law Firm
In August, the regional real estate market in Southern California gave some indication of movement, according to recent numbers released by San Diego company DataQuick. Sales rose 8.6 percent from ...
Continue reading "Southern California Home Sales Rise but Prices Still Fall" »
Posted on Aug 8, 2011 By Matthews Law Firm
Data reflecting U.S. home prices though May 2011, recently released by the Standard & Poor’s/ Case-Shiller index, showed a slight increase of 1% from April to May for the second month in a ...
Continue reading "Real Estate Prices Edge Upward, Some Experts Dismiss Progress" »
Posted on Aug 4, 2011 By Matthews Law Firm
Fox Business reports that several U.S. senators are requesting that federal regulators release information that they have been given from banks that have purportedly been involved in faulty ...
Continue reading "U.S. Senators Ask for Information on Efforts to Fix Improper Foreclosure Practices" »
Posted on Jul 20, 2011 By Matthews Law Firm
The New York Times reports that Bank of America’s thousands of borrowers may be foreclosed upon faster as a consequence of a proposed agreement involving the bank and investors. For borrowers ...
Continue reading "Bank of America Foreclosures Expected to Increase" »
Posted on Jul 18, 2011 By Matthews Law Firm
UPI.com reports that foreclosure filings in the first half of 2011 fell 25 percent when compared with the last six months of 2010, and are off 29 percent from the first half of that year. While ...
Continue reading "Over 1 Million Foreclosures Estimated to be Delayed" »
Posted on Jul 15, 2011 By Matthews Law Firm
Citigroup Inc. is being sued by a Texas National Guard sergeant, who alleges that the bank wrongly foreclosed on and auctioned his home during his training for deployment to Iraq, reports The Wall ...
Continue reading "Citigroup Sued by National Guard Sergeant Over Foreclosure" »
Posted on Jul 13, 2011 By Matthews Law Firm
The Washington Post reports that Grammy award-winning singer R. Kelly is facing a $2.9 million foreclosure on one of his homes in Chicago. JPMorgan Chase Bank filed the foreclosure lawsuit in June, ...
Continue reading "R. Kelly Faces $2.9 Million Foreclosure on Chicago Home" »
Posted on Jul 11, 2011 By Matthews Law Firm
Bankruptcy cases are handled by federal courts that are set up specifically to handle bankruptcy cases. Bankruptcy courts typically have their own staff that have experience handling bankruptcy cases ...
Continue reading "If I File for Bankruptcy in California, Will I Have to Go to Court?" »
Posted on Jul 5, 2011 By Matthews Law Firm
There are two primary types of individual bankruptcy that a person can file under, designated by chapter numbers: Chapter 7 and Chapter 13. Under a Chapter 7 bankruptcy: A debtor may discharge all or ...
Continue reading "Should I File for Chapter 7 or Chapter 13 in California?" »
Posted on Jun 15, 2011 By Matthews Law Firm
The Wall Street Journal reports that California Attorney General Kamala D. Harris, in conjunction with Illinois Attorney General Lisa Madigan, has issued subpoenas to two businesses that aid mortgage ...
Continue reading "California Attorney General Expands Probe into Foreclosures" »
Posted on Jun 8, 2011 By Matthews Law Firm
In general, bankruptcies are designed to either wipe out certain debts or to reorganize those debts into manageable payments. However, in some cases, debtors choose to reaffirm the debt by promising ...
Continue reading "Knowing the Basics on Reaffirmation Agreements in Bankruptcy" »
Posted on May 19, 2011 By Matthews Law Firm
In our previous blog post, we discussed two of the top five myths that many people believe when it comes to filing for bankruptcy. Now we conclude our two part series by explaining three other major ...
Continue reading "Learning More about the Top 5 Bankruptcy Filing Myths" »
Posted on May 17, 2011 By Matthews Law Firm
It can be a difficult decision to file for bankruptcy, as it is an option that many people and businesses don’t quite understand, with many false beliefs held by some as truths regarding the ...
Continue reading "Separating Fact from Fiction: The Top 5 Bankruptcy Filing Myths" »