ARE you being harassed by your creditors day and night due to unpaid bills? If you are, you know that this is a pretty unpleasant experience. You may feel scared, angry or embarrassed about your situation. The prospect of debt relief through bankruptcy may sound appealing to you but you are not quite sure if…
A LOT of people in need of debt relief are often hesitant to file bankruptcy for fear that it will ‘ruin’ their credit and that they will never be able to purchase a car or home again, or that they will never be able to rent an apartment if they ever have to move. First…
Question: I owe a lot in back taxes. I’m constantly getting threatening letters from the IRS. This has become a big problem that I have no idea how to solve. Can you help me? Answer: For what it’s worth, take some comfort in knowing that you are not alone. There are millions of Americans in…
ARE you currently struggling with high mortgage payments? Did you get your loan modified in the past but now have a new hardship based on changed circumstances? If so, this is an important article that you MUST read. If you’re one of the many people who got approved for loan modification many years ago under…
ARE your debt problems keeping you up at night and causing a lot of stress in your life? Have you thought of filing bankruptcy but can’t decide whether it’s the smart thing to do? When no other means of debt relief are available, filing for bankruptcy may be the only way to get out of…
PERHAPS you’ve considered filing bankruptcy but in the back of your mind, you have one or two questions that you’ve always been afraid to ask. In counseling thousands of people over the years in my practice as a bankruptcy attorney, I have found that most people have the same fears and concerns about bankruptcy. From…
DON’T let this happen to you! A client of mine said he never saw it coming. Everything he ever wanted in life, he always purchased on credit. The “pre-approved” credit cards just kept coming in the mail and he never said NO to any of them. Buy now and pay later, why not? As long…
BEING in debt and doing nothing about it can have more serious consequences than you think. First of all, it can impact your financial future. Uncontrolled debt can deprive you the opportunity to put money aside for emergencies, save money for a home or college for your children, or perhaps for retirement. Every day I…
ARE you seriously in debt and thinking of filing bankruptcy as a last resort? Individuals who have accumulated excessive debt are often left to ponder whether they should file bankruptcy in order to get out of debt. Sometimes, these people feel that somehow, they’ve lost, failed, or that they will never have a chance to…
Are you feeling stuck and unable to move because of lingering debt problems in your life? Considering bankruptcy but not sure if it’s the right solution for you? For those who are struggling with debt problems, the decision to file for bankruptcy is never an easy one. So they put it off and hope that…
THE last few years have been financially difficult for a lot of people. When the real estate marked crashed a few years ago, millions of people found themselves with a mortgage they could not afford. A lot of people simply walked away from their homes out of desperation in some cases, they were forced out…
ARE you overwhelmed with debt problems that seem insurmountable? Are you starting to feel hopeless about your financial future and thinking you’ll never get ahead? You may be at a critical point in your life where the decisions you make at this very moment will determine the kind of life you will have in the…
BEING in debt can be pretty depressing. I understand how you feel. When you’re drowning in debt, you may feel that your situation is hopeful and you have no motivation to even plan for your future. Your self-esteem may be shot. You may be experiencing anger, depression, guilt- or a combination of all three. You…
“ In some cases you may also be called to appear in court for something called a “debtor’s examination”, in which case, a bench warrant for your arrest may be issued if you ignore it. Sorry, but you can’t mess with the judge!” HAVE you been sued or threatened to be sued by a creditor…
ARE you having problems paying your debts? Are creditors calling you day and night threatening you with a wage garnishment, repossession or foreclosure? Are you starting to feel hopeless and depressed about your situation and don’t know where to turn for help? The last few years have been tough for a lot of people. You…
SLEEPLESS nights. Stressed out. Worried about the future. Always broke. This is what most people are going through when they are considering bankruptcy in order to get out of debt. The word “bankruptcy” often produces negative feelings because some people equate it with failure. But nothing can be further from the truth. Bankruptcy is not…
IRS problems have a way of ruining all aspects of your life. They can take a toll on you financially, emotionally and physically. When you owe the IRS, you’re always wondering if today might be the day when the IRS shows up at work, your home or your business; or if today might be the…
DO you have sleepless nights worrying about your credit card debts? Are you feeling hopelessly trapped with no way out? If you are up to your eyeballs in credit card debt and have no way of paying back what you had borrowed, a lot of things may be going through your mind at the moment. …
ATTORNEY Ray Bulaon, known as “the Filipino Community’s Debt Relief Expert”, has opened a fourth office location in Los Angeles in order to be more accessible to all clients in the area including the Historic Filipinotown. Attorney Bulaon helps clients take control over their overwhelming debt problems so that they can recover quickly and rebuild…
YOU already know that your home is in foreclosure. You’ve received that dreaded Notice of Default. You know that after 90 days, your home can be scheduled for a Trustee Sale. You don’t have a lot of time left. Your home with all its memories, hopes and dreams will be gone. What are you going…
HAVE you ever faced a situation in your life where you needed help so badly but you were just too embarrassed to ask for it? Perhaps you felt confused and overwhelmed with the problem that you spent sleepless nights trying to figure out what to do. As a bankruptcy attorney, over the years I have…
THE cost of a college education has spiraled out of control for most families. In the last 10 years, student loan debt has sharply risen from $240 billion to $1 trillion dollars. Almost 60 percent of this debt is held by households with less than $8500 in net worth. This makes sense because if these…
IF you’ve made the decision to file bankruptcy in order to get a fresh financial start, here are some things to consider in choosing between Chapter 7 or Chapter 13. Be aware, however, that your income and expenses have a lot to do with which chapter you will be able to file because the courts…
IF you are experiencing debt problems, you may find it difficult to talk to other people about it to the point that you are not getting the help that you need to find a solution. I understand. Debt is a very personal matter so most people don’t feel comfortable discussing it with anyone. So they…
CHAPTER 13 is the section of the US Bankruptcy Code that allows individuals in the United States to reorganize their finances. If you are having difficulty paying your debts (credit cards, medical bills, personal loans, taxes, late mortgage payments and property taxes- all kinds of debts) due to insufficient income, don’t despair. Chapter 13 may…
I KNOW that our economy in the last several years has caused a lot of financial problems for a lot of people. A lot of families are struggling financially every month and are living paycheck to paycheck, thus making it impossible for them to save for their future. They feel like no matter how hard…
A DEBT-free life is something that a lot of people aspire to have. And yet it is a known fact that sadly, many will never attain it because of their unwillingness to make the necessary adjustments in their lifestyle to make it possible. I am talking about people who continue to accumulate debt for immediate…
FILING Bankruptcy is a serious decision for most people. Most don’t have a clue about how the process works until they actually consult with an attorney. Confusion often results from hearing conflicting personal opinions from people they know. Sad to say, well-meaning friends and family often give the wrong advice and the results can sometimes…
WHEN people are going through financial difficulty and are unable to pay their bills, their first reaction is often to ignore their debts and avoid contact with creditors. They think that by doing this, somehow the creditors will simply give up and go away. Then one day the problem blows up in their face. They…
A LOT of people who consult with me about their debt problems are going through the worst time of their lives. Unlike other problems in life that sometimes just go away on their own, debt problems will only get worse unless you do something about them. While dealing with debt and coming up with a…
