Chapter 13 confirmed ON DEC. 17, the court approved my client’s Chapter 13 case in Riverside. In Riverside, the 341 meetings presided by the Chapter 13 trustee are held in…
IF YOU are thinking of a relative, friend or yourself who may possibly qualify for President Obama’s immigration amnesty, you are probably confused about how this immigration program works. This…
CHAPTER 7 RELIEF FOR DIVORCED MOM Client is 48 years old and works as an accountant for a business. Her salary is $60,000 a month. Her marriage ended two years…
FOR those with children in high school, the next big expense item they can look forward to, or shall we say, worry about are the college expenses that are just…
Last week, President Obama finally fulfilled his promise to provide executive amnesty to those who do not have legal status. The President did not call it amnesty, but in fact…
CLIENT presents his financial problem as follows. It’s quite interesting and unusual. Client registered a partnership with his younger brother, each owning 50% of a retail business 20 years ago….
WHEN it rains, it pours. When push comes to shove, and your back is up against the wall, you may think of many desperate things that you can do to…
WE will discuss two new cases involving clients who seek a fresh start in life with no debts owed to anyone. Both sets of clients are in their forties. The…
I REMEMBER client the first time I met her 15 years ago. At that time, she was only 30 years old and had just started working as a registered nurse…
YESTERDAY, a new client I saw said that she had been in a Chapter 13 paying $400/month for the last 12 months. But next year after her car was paid…
WE will discuss two recent cases involving clients who truly need a fresh start in life with no debts owed to anyone. The first case involves an individual who has…
SECTION 523(a)(8)(A)(ii) of the current bankruptcy code states that “an obligation to repay funds received as an educational benefit, scholarship or stipend;” is not dischargeable in bankruptcy unless excepting such…
CLIENT is a woman who is 72 years old. She worked as a mental health therapist for 40 years since she was actually a physician abroad. She was happy doing…
CLIENT is 48 yrs old and operates a construction business. He also dabbles in fixer uppers to make money. His wife is an accountant and makes $5,000 a month. Business…
Clients, husband and wife are 60 years old and both professionals in the medical field. Their combined gross income is about $200,000 annually. Their children are all adults and no…
CLIENT is 60 years old and married. She has gross income of $3,000 as a caregiver. Husband is not employed and waiting for social security benefits, which is still two…
CLIENT is 60 years old and married. She has gross income of $3,000 as a caregiver. Husband is not employed and waiting for social security benefits, which is still two…
HOW old are you now? When you were 10, you wanted to become a teenager. When you were a teenager, you wanted to be 21. Thereafter, it’s a fast train…
I DON’T really want to talk about death but everyone dies whether we like it or not. Blame Adam for that. If Adam did not eat of the forbidden fruit…
In life, for those who already have experience and some wisdom, there is such a thing as getting the right advice at the right time. In fact, the right advice…
THE PHYSICIAN Members of the professions are normally doing well financially in the United States because they are highly paid for their skills. However, even with high gross incomes, wrong…
The physician MEMBERS of the professions are normally doing well financially in the United States because they are highly paid for their skills. However, even with high gross incomes, wrong…
IN THE last two weeks, 3 clients with state court cases in their late stages based on complaints for very large amounts arising from business transactions sought bankruptcy relief. One…
WHEN an obese person weighing 500 lbs. implements steps to lose 300 lbs. and actually succeeds, people take note and are happy for that person. The reality shows call this…
CHAPTER 13 is normally used to save a house from foreclosure. But this is not the only situation where Chapter 13 is used. When a Chapter 13 petition is filed,…
THE Supreme Court of the United States has often called Chapter 7 bankruptcy the “Fresh Start”. This is an accurate description of debt relief given by Chapter 7. Debtors are…
EVEN after debtor obtains a bankruptcy discharge of his debts, he might feel morally obligated to pay a debt for some reason. For example, debtor borrowed $20,000 from his “rich…
A FORECLOSURE deficiency is the amount you legally owe to the creditor after the property is foreclosed upon by the creditor. If a car is repossessed, the creditor takes it…
ONCE a Chapter 7 bankruptcy is filed, the clerk of court sends out a notice of case commencement to all creditors listed in the mailing list of the petition. The…
CLIENT files a chapter 7 bankruptcy to discharge $100,000 of income taxes. He files his bankruptcy on March 30, 2014. On schedule B of his bankruptcy petition, he claims his…
