SOMETIMES debtors cannot decide whether they should seek debt relief through Chapter 7 wipeout of all dischargeable debts or consolidation and reorganization through a Chapter 13. They usually ask me…

“Obviously, something else will now have to be chopped off. The credit cards have to be chopped off to free them of having topay $1400 a month. Anyway, they have…

“The debtor gets to keep most, if not all of his assets, including the house, furniture, cars, retirement accounts, bank deposits etc., subject to qualifying under a system of asset…

THE client is 66. He says he is now old all of a sudden. He migrated here in 2004 so that’s 15 years ago. When he deplaned at LAX, he…

THE client is 65 and a widow. Wanting some male attention, I guess, she posted her picture on the Internet. She looks much younger in the posted picture, which she…

SENIOR No. 1 and senior No. 2 are in the same boat. They each have car repossession deficiencies of over $100,000, and business credit card debt of $50,000. Just by…

Need Chapter 13 to stop foreclosure  “ Second, if they can find the right buyer, a motion seeking court permission to sell the house can be filed in the Chapter…

Pay debt off completely     There are of course different ways of getting rid of debt. The most obvious is just pay it off. Let’s say you owe $50,000…

“ I suggest a Chapter 7 to wipe out all debt. Let the house go if it is not sold, and go look for another residence now that is more…

“  There are clients like this who are headstrong in the wrong way and insist on their own kind of justice that has no basis in reality. They’re living in…

THE client is 64, a young senior. I say young because I consider seniors in their 60s as still active and robust. Except for more white hair, they still feel…

“  Yes, your credit score increases yearly after bankruptcy and you do get new credit cards and new credit lines. I just suggest that you pay off the cards completely…

FIRST of all, let me wish everyone a MERRY CHRISTMAS! We celebrate the birth of our Lord and Savior, Jesus Christ. The divine became human as an expression of God’s…

THE client is 65. She still works middle management and earns $37,000 yearly. Although she is married, I would say that she has some kind of money agreement with her…

HOW can you answer a question like this? Let’s comment about debt. The Bible says that one should neither be a lender or a borrower. It does not seem to…

“ Look at the picture of the Indonesian guy who is the oldest man alive at 145. I mean what can you do at 145? You’re practically a cadaver and…

“It looks to me that there’s more stuff going on here, although it’s my policy not to get involved in matters that are between husband and wife. I think wife…

“Once the trustee and his lawyers start to administer the bankruptcy estate assets, they will make a lot of money.” THE clients are married to each other and they are both seniors….

“Once the trustee and his lawyers start to administer the bankruptcy estate assets, they will make a lot of money. I understand that the moneymaking bankruptcies are offset by the money-losing bankruptcies;…

1. 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…

1. 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…

THE client is 53. He is married and owns a house. He used to have a business, which was a DBA sole proprietorship.  “DBA” means doing business as. Sole proprietorship…

“It’s becoming clear that the choice she has to make is to be able to make the mortgage payment or the credit card payment.”     THE client is 53…

“Creditors have to pay lawyers to file the lawsuits and get the judgment and liens. They cost money as everyone knows. Trump paid his personal lawyer Cohen hundreds of thousands of…

THE clients are young seniors at 62. The husband took an early retirement as he has a serious illness. Two years ago, the husband was diagnosed with stage 3 leukemia….

“It looks to me that there’s more stuff going on here, although it’s my policy not to get involved in matters that are between husband and wife.”     LET…

Client is 58. He is not divorced but separated for 20 years. His income is good. He nets about $7K to $8K a month. He lives by himself and does…

CLIENT is 58. He is not divorced but separated for 20 years. His income is good. He nets about $7K to $8K a month. He lives by himself and does…

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…

Seniors choose Chapter 7 to discharge $30K and $10K credit cards CLIENT is 47, single and a registered nurse. Her income is good at $80K a year. She has no…