Senior seeks Chapter 13 protection for fully paid house from $15K in credit card debt
THE client is a young senior in his early 60s who took an early retirement last year. He owes $15,000 of credit card debt and nothing else. He has a…
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Repo deficiency causes senior to seek Chapter 7 relief
THE first client is 75 years old. Her husband passed four years ago and left her with $30,000 of credit card debt. She has been making minimum payments on their…
Client files Chapter 13 while hoping for a loan modification of mortgage
A CLIENT has had an ongoing “battle” with Wells Fargo for justice on her mortgage since 2007. It’s been nine years since she made the mistake of refinancing her fully…
Food retailer client seeks Chapter 7 relief
THE client is a specialty food retailer who started operations in a commercial center two years ago. Five partners invested $50,000 each for a total of $250,000 for a food…
Senior needs bankruptcy relief. But Chapter 7 or 13?
THE client is 74. Her husband passed away two years ago. Her only source of income is social security of $2,000 a month, which was her husband’s social security. Her…
Client with nondischargeable judgment of $80K needs Chapter 13 relief
THE client is 50 and operates a business. There is a state court judgment against him for $80K. Is this judgment dischargeable in bankruptcy? The answer is: If the judgment…
A client wants Chapter 7, but can he avoid the presumption of abuse?
A CLIENT wants Chapter 7, but can he avoid the presumption of abuse? The client is 55, married with a son and daughter who have just entered college. His income…
Successful settlement of $700,000 judgment for $25,000 without bankruptcy
THE clients are husband and wife and they are still young. When I say young, this means anyone who is 65 and younger up to 17. The World Health Organization…
Client with nondischargeable judgment of $80K needs Chapter 13 relief
THE client is 50 and operates a business. There is a state court judgment against him for $80K. Is this judgment dischargeable in bankruptcy? The answer is: If the judgment…
A client wants Chapter 7, but can he avoid the presumption of abuse?
A CLIENT wants Chapter 7, but can he avoid the presumption of abuse? The client is 55, married with a son and daughter who have just entered college. His income…
Does Godzilla live in your house?
THE Japanese created Godzilla a long time ago. It’s a gigantic T-Rex on steroids that destroys Tokyo and the rest of Japan until someone comes to the rescue and kills…
Senior needs bankruptcy relief. But Chapter 7 or 13?
THE client is 74. Her husband passed away two years ago. Her only source of income is social security of $2,000 a month, which was her husband’s social security. Her…
Seniors raid retirement accounts but still require Chapter 7 relief
“So the lesson here is that you should never use your retirement accounts to pay off your debts.” THE clients are seniors. The wife is 67 and had just retired from a lifetime…
Seniors need relief from big HELOC 2nd trust deed and $40K credit cards
Senior loses job, needs chapter 7 debt relief THE clients are 63 and 64. They are young seniors. Up to 65, you are a young senior in my book. You…
Avoid the bondage of debt, especially seniors
ACCUMULATING debt is the easiest thing you can do in America. Even your dog can get credit cards with a fake social security number. If you are an immigrant and…
Client with bank account levied seeks Chapter 7 relief
THE client is 60 & his wife is 58. He issued his check to pay rent of $1,200 but the check was dishonored for insufficient funds. The landlord called him…
Avoid the bondage of debt, especially seniors
“It’s easy to get into debt in America. But it’s really hard to get out of debt in America. That’s why you need the full legal power of Chapter 7…
Common misconceptions about bankruptcy
(This article is part 2 of 2 parts) HERE are some more misconceptions about bankruptcy that we did not discuss last week: 1. Will I lose my house? Normally, debtors…
Does Godzilla live in your house?
THE Japanese created Godzilla a long time ago. It’s a gigantic T-Rex on steroids that destroys Tokyo and the rest of Japan until someone comes to the rescue and kills…
Common misconceptions about bankruptcy
(This article is part 1 of several parts) Having literally represented several thousand clients in successful bankruptcy cases in the last 35 years in California, I have distilled the common…
Seniors raid retirement accounts but still require Chapter 7 relief
THE clients are seniors. The wife is 67 and had just retired from a lifetime of being a registered nurse. She has social security benefits of $2,100. The husband is 67…
Seniors need relief from big HELOC 2nd trust deed and $40K credit cards
Senior loses job, needs chapter 7 debt relief “When it rains, it pours just like Irma in Florida. Everything gets damaged.” THE clients are 63 and 64. They are young seniors….
Senior wants Chapter 13 to stop foreclosure by 2nd mortgagee for $50K and annul judgment lien of $60K
Company receives $200K lawsuit by landlord and files for Chapter 7 CLIENT is 72 and appears to be a widow. She previously operated a business, which closed down in 2006….
Senior wants Chapter 13 to stop foreclosure by 2nd mortgagee for $50K and annul judgment lien of $60K
Company receives $200K lawsuit by landlord and files for Chapter 7 CLIENT is 72 and appears to be a widow. She previously operated a business, which closed down in 2006….
Clients with wage garnishment, huge sales tax, freak accident seek bankruptcy relief
FREAK accident liability I want to discuss the client with the freak accident first. The first client is 45. This is really a very unusual case. In fact, I have…
Senior with $60K in credit card debt wants relief
Chapter 7 trustee stipulates to dismiss adversary against client before trial CLIENT is 70. She is a widow, her beloved husband having passed away 5 years ago at 65. She owns…
Client with bank account levy seeks Chapter 7 relief
Client receives notice of default on house, tries Chapter 13 relief CLIENT is 60 & wife is 58. He issued his check to pay rent of $1200 but the check was…
Clients with wage garnishment, huge sales tax, freak accident seek bankruptcy relief
FREAK accident liability I want to discuss the client with the freak accident first. The first client is 45. This is really a very unusual case. In fact, I have…
Store manager needs bankruptcy relief Separated debtor seeks Chapter 7 relief
CLIENT no. 1 is 50 years old and the manager of a big retail store. He’s been working there for 30 years. Spouse got into an accident and is now…
How much debt is too much?
HOW do you answer this question? Let’s check what the Bible has to say about debt. The Bible says that one should neither be a lender or borrower. It does…