Client files adversary against debtor for $370K
THE client is a foreign company that has been doing business with a California company since 2012. The client is one of the world’s largest manufacturers of a certain kind…
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How does the bankruptcy means test work?
WHAT is the means test in bankruptcy? It’s a method for calculating what your household income is for the purpose of determining if you qualify for Chapter 7 or Chapter…
Single mom seeks Chapter 7 relief from $60K credit cards
THE client is 50 and got divorced 10 years ago. Her ex-husband decided that working was not good for him so he just disappeared. They had one daughter that client…
Seniors rely on Chapter 7 and son for debt relief
THE clients are seniors who just stopped working two months ago. The husband is 75 and the wife is 71. They own a house with $140,000 in equity. Their unmarried…
Bankruptcy court rules in favor of client for $250K after trial
I REPRESENTED a foreign company with a $250,000-claim for a 40-foot container of manufactured goods that it delivered to the debtor, a California company, on December 30, 2014. The debtor…
A tale of two seniors in financial distress
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…
Client files adversary against debtor for $370K
THE client is a foreign company that has been doing business with a California company since 2012. The client is one of the world’s largest manufacturers of a certain kind…
Is bankruptcy right for you?
“Are you facing foreclosure and want to save your home? Chapter 13 will stop the foreclosure on its tracks and allow you five years to pay off the default while…
Client seeks Chapter 13 relief for massive default on mortgage
THE client is 55 and single. He appears to have no problems to worry about. He is self-employed and makes about $5,000 monthly teaching people a special skill. He has no…
Senior seeks Chapter 7 relief for $60K credit cards but what is the status of residence?
THE client is 57 and is recently divorced with two children, one in high school the other in college. She makes $40,000 yearly in middle management for a large corporation….
Unemployed senior converts Chapter 13 to Chapter 7 in fight to keep house
“ Even though the debtor was not employed, she was willing to liquidate a part of her retirement account to pay for the settlement to keep her house.” WHEN I…
Homeowner files last-minute Chapter 13 without credit counseling as loan modification is denied
“So why even assume this kind of risk by filing an incomplete petition?” THE client is 59 and single. He has a decent job where he makes $4,000 a month…
Business owner chooses Chapter 7 for $250K in personal guarantees on business loans
“Do not sign personal guarantees for business loans because you will be on the hook if the business cannot pay the loan.” THE client is 45. He is actually a…
Business owner choose Chapter 7 for $250K in personal guarantees on business loans
“Do not sign personal guarantees for business loans because you will be on the hook if the business cannot pay the loan.” THE client is 45. He is actually a…
Seniors need Chapter 13 as they retire
THE seniors are husband and wife aged 70 and 65. The wife is a young and healthy 65, while the husband is a healthy 70 who still looks strong. Both…
Client needs Chapter 13 relief for $36K taxes and $80K unsecured debt
“So the pressure on the client due to debt burden has been steadily ramping up and taking it’s deadly toll on client’s well being.” THE client is 50 and single but has a…
Will a business bankruptcy affect its owners?
“In the client’s case, the problem is that her husband is ill and can no longer run the business.” THE client and her husband are the only stockholders of an…
Clients seek to discharge $100K and $30K in credit card debt
Both qualify for different chapters of the bankruptcy code MOST debtors prefer to have a Chapter 7 wipe-out of debt. This is called a fresh start without debt. Most debtors…
Chapter 7, Chapter 13 or debt settlement? Client with $40K in credit card debt examines the differences
THE client is 42 and is going through a divorce. It was a short two-year marriage. He has moved out of the marital home and now lives by himself. He…
Will a business bankruptcy affect its owners?
THE client and her husband are the only stockholders of an S corporation that has been doing well for the last 15 years. In fact, it’s still doing well and…
Company files Chapter 7 due to $1 million judgment
THE client is a corporation that has been in business since 2000. It had good times and bad over the last two decades but always managed to land on its…
Company files Chapter 7 due to $1 million judgment
THE client is a corporation that has been in business since 2000. It had good times and bad over the last two decades but always managed to land on its…
Client’s ‘friend’ uses her identity to borrow $80K in credit cards
TWO clients with issues relating to known and unknown persons who used their names and social security information to borrow credit card in their names. The first client is 51…
Senior seeks Chapter 7 relief for $40K in credit card debt
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…
Client files Chapter 13 to handle $120K credit cards
THE client is 50 years old and divorced. She owns her residence by herself. Ex-husband quitclaimed the house to her in the divorce and she agreed to buy him off…
Client files Chapter 13 to handle $120K credit card debt
The client is 50 years old and divorced. She owns her residence by herself. Ex-husband quitclaimed the house to her in the divorce and she agreed to buy him off…
Business owner seeks Chapter 7 relief from employee lawsuit for backpay of $100K
Secured creditor client seeks relief from buyer who filed Chapter 11 “ In any event, client does not have $100K. Client decides to have a fresh start in life with a Chapter 7…
Business owner files Chapter 7 due to $1-M labor lawsuits
THE client is 65. He operates a service-oriented business with three outlets in strip malls. He has been in business for eight years. Of the three outlets, two are losing…
Client seeks Chapter 7 relief again for $48K in credit card debt
WHO said that, first is chance, twice is coincidence and third is habit? I have two new clients who are actually previous clients. The first is 55 and she filed…
All about the fair debt collection practices act
THE Fair Debt Collection Practices Act (FDCPA) is a federal law that was enacted in 1978 by the United States Congress to protect consumers from abusive debt collectors. Note, however,…