FILING a bankruptcy case creates a “bankruptcy estate.” The estate becomes the legal owner of all of the debtor’s property while the bankruptcy is going on. What does the estate…

UNEMPLOYMENT claims nationwide have significantly spiked due to the lockdown which has resulted in the shutdown of the U.S. economy. Millions of people have lost their jobs because small businesses…

BOTH Chapter 7 and Chapter 13 trustees are now implementing the new procedure required by the U.S. Trustee for social distancing to avoid spreading the virus. The lockdown and social…

THE U.S. Trustee has recently instructed bankruptcy trustees to conduct debtor hearings telephonically to comply with social distancing guidelines to fight the coronavirus. The Chapter 13 trustee in Riverside, California…

I MUST admit that the $2 trillion stimulus package to counter the virus-induced slowdown is noteworthy. In the next three weeks, 93% of Americans will be receiving $1,200 each, according…

THESE are trying times indeed. We have been advised to self-isolate in the meantime that we are waging a war against the novel coronavirus (COVID-19). Sure, social distancing makes a…

“ My senior client cannot do Chapter 7 because he has a lot of non-exempt equity in his house. He can only do Chapter 13 to handle those credit cards.”…

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,…

A 65-year-old husband has just handed in his application for retirement from his job. He makes a gross of $5,000 a month with overtime. Upon retirement, he will net about…

EVEN though the economy and stock markets are positive, the coronavirus problem has dampened business outlook worldwide. Given this environment, not all businesses here are able to survive.  For instance,…

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…

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 bankruptcy…

THE YOUNG: The first set of clients are in their late twenties, the epitome of youth. They have their whole life ahead of time. They married three years ago. Right…

THE YOUNG: The first set of clients are in their late twenties, the epitome of youth. They have their whole life ahead of time. They married three years ago. Right…

THE first senior is 73. He has been separated from his wife for 30 years but not divorced. So, for all intents and purposes, he is single because even if…

SURE there are alternatives to bankruptcy. But bankruptcy is the only solution that provides viable debt relief for those who are unable to repay their debts. Some people sign up…

THE client is 38 years old and single. He is a professional with a license and makes about $100,000 gross a year. He rents a room near his workplace, where…

SENIORS are husband and wife aged 70 and 65 – wife is a young and healthy 65; husband is a healthy 70 and still looks strong. Both are still working…

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…

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…

Both qualify for different chapters of bankruptcy code for different chaptersof bankruptcy code Most debtors prefer to have a Chapter 7 wipe out of debt. This is called a fresh…

THE first client is 75. Her husband passed four years ago and left her with $30,000 of credit card debt. She has been making minimum payments on their credit cards…

THE client is 42 and is going through a divorce after a short two-year marriage. He has moved out of the marital home and now lives by himself. He has…

THE client is 42 and is going through a divorce after a short two-year marriage. He has moved out of the marital home and now lives by himself. He has…

THERE’S a time to be born and a time to die, a time to plant and a time to harvest. There’s a time for everything.  So states Ecclesiastes 3: “For…

THE client is a corporation that has been in business since 2000. It had both good and bad times over the last two decades but always managed to land on…

THE client is a senior at 67. He is married but has been separated from his wife for some time. He lives with a woman but is not married to…

THE Fair Debt Collection Practices (FDCPA) is a Federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. However, the FDCPA…

THE client is 50 and married. He owes $60,000 of credit cards. He pays $2,000 a month as minimum credit card payments to keep the $60,000 current. His wife is…

THE client is 72, married, and owns a small business. He’s been operating the business for the last 30 years.  At its height, when times were good, the business had…