WHAT is the meaning of the title of this article? Does this imply that Chapter 7 is risky such that Chapter 13 is safer in certain situations? Yes, that’s exactly…

The question of course is why would anyone need to convert his Chapter 7 case to Chapter 13 when the former is a total wipeout of debt, while the latter…

The CARES Act is federal legislation that was adopted after the pandemic to help our country and people survive the pandemic created unemployment, businesses losses and financial hardship. It provided…

A PEDESTRIAN is crossing a typically busy street in a marked mid-block crosswalk. A car approaching the cross walk in the slow lane sees the pedestrian crossing and stops for…

THE debtor is 50, while the spouse is 48. They have two children — a son aged 18, and a daughter aged 16. The son is about to go to…

DOES this sound right? It’s almost incredible, but it’s true. California Governor Gavin Newsom signed Assembly Bill 1885 into law and it is the current law on homestead exemptions effective…

IS there a constitutional right to file for bankruptcy? Yes, there is. The United States Constitution adopted 250 years ago provides for the creation of bankruptcy courts and the power…

IF you live in Los Angeles County, or in Southern California — including the counties of Orange, Riverside and San Bernardino County — and you own the house that you…

THE client is 71. Her husband died five years ago, so she lives with her unmarried son who does not have full time or steady employment. She has a large…

LET me give you the background on this case. The husband is 81 but still looks active. He is slim and sprightly. The wife is 79 and looks nervous. Normally,…

THE highest-profile cases of bankruptcy filings are Walt Disney, Milton Hershey, Orange County, a certain Catholic diocese in the USA that was hit by the child molestation cases, the Trump…

A DEBTOR who is 50 has accumulated credit card debt at the rate of $6,000 a year for the last 20 years. Now, he owes $70,000 of credit cards. He…

THE client is 50. He bought a restaurant in November of 2019. What’s the worst time to buy a restaurant in the history of the human race? November of 2019…

AT some point in your life, you will have to confront your own mortality as well as the mortality of your loved ones. When you’re 12, you’re in a hurry…

ARE income taxes owed to the IRS dischargeable in bankruptcy? What do you think? Of course, they are dischargeable. There are certain conditions that have to be met but they…

IN one case, the debtor borrowed $100,000 in credit cards, which he used to gamble. He then filed for Chapter 7 to wipe out the $100,000 of credit cards. The…

IS Chapter 7 better than Chapter 13? I would say generally speaking if you have accumulated debt that is too burdensome for you, Chapter 7 is better for you than…

FIRST of all, let’s have a moment of silence for the 10 innocent victims of the shooting massacre in Boulder, Colorado earlier this week. This was another senseless killing of…

FIRST of all, let’s have a moment of silence in prayer for those who were killed in the massage parlors in Georgia two days ago: Delaina Ashley Yaun, Xiajie Tan,…

Different clients have different financial and asset situations, which make them start thinking about getting rid of accumulated debt. Nobody starts with borrowing money with the intention of defaulting and…

GONE are the days when debtors — who owe lots of credit cards but have home equities that surpass the homestead exemption limits depending on age and the number of…

DOES this sound right? It’s almost incredible, but it’s true. California Governor Gavin Newsom signed Assembly Bill 1885 into law and it is the current law on homestead exemptions effective…

YOU never know what life brings. That’s why you need divine protection from the adversities that life brings us. I told you time and again to pray the rosary and…

TWO very important events are happening today. The first is the start of former President Trump’s defense by his lawyers. It will be a short defense, they promise. How do…

THE common belief is that a Chapter 7 for a company, or LLC, or any fictitious legal entity works the same way and ends the same way as a Chapter…

WHAT is timing? In life, as we all know, there’s such a thing called timing. Like the timing is right. Or, the timing is wrong. If the timing is right,…

LET’S assume that you have incurred too much debt. What do I mean by too much debt? By this, I mean that you are now a slave to creditors because…

WHAT is the means test in bankruptcy? It’s a method for calculating what your household income is to determine if you qualify for Chapter 7 or Chapter 13 of the…

Friday marked Christmas Day as the the whole Christian world celebrated the birth of our Lord and Savior, Jesus Christ, 2020 years ago. Christians also celebrate the fact that God…

THE young: Clients are in their late 20s, the epitome of youth. They have their whole life ahead of time. They married three years ago. Right after they got married,…