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Los Angeles Bankruptcy Blog

Can a Bankruptcy Continue After the Debtor's Death?

When it comes to bankruptcy, there are a lot of uncertainties or ambiguities. It is essential that you have an experienced bankruptcy attorney on your side whenever you choose to file so that you can ...
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Bankruptcy Signs to Watch Out For

One of the most difficult parts of dealing with a declining credit score and rising debt is not knowing how you will be able to escape that debt, and what you can do in order to begin repairing your ...
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Data Shows Bankruptcies Highest Since 2005

In a recent data released by the Administrative Office of the U.S. Courts, it has been found that bankruptcy filings from April to June are up a solid 11% from where they were the year before at the ...
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When Should You File For Bankruptcy?

There is hardly a more confusing or complex area of the law than bankruptcy. While it can not only be bewildering for the looping legalities, it is often charged with a certain level of emotional ...
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American Apparel Could Be Filing for Bankruptcy

Clothing store American Apparel might very well be on their way towards filing for bankruptcy, as the company has announced that it is uncertain whether or not they have the funds to continue ...
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Chelsea Art Museum Closes Doors Temporarily

It is being reported that due to efforts to avoid foreclosure, the Chelsea Art Museum will be closing their doors for the second half of August. The museum filed for Chapter 11 bankruptcy at the ...
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Real Housewife Goes on Shopping Spree After Filing for Bankruptcy

After racking up an impressive $11 million in debt, Teresa Giudice of the reality TV show the Real Housewives of New Jersey and her husband filed for Chapter 7 bankruptcy last October. The couple is ...
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Tribune Co. Buys More Time in Bankruptcy Reorganization

Tribune Co., parent company of the Los Angeles Times, KTLA-TV Channel 5, and other various media outlets, is trying to buy more time to negotiate with its creditors before having to propose a ...
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Can Child Support Debt Be Eliminated Through Bankruptcy?

Many parents struggling under mounting debt have asked us whether or not they can eliminate or reduce their child support debts through bankruptcy. Although Chapter 7 bankruptcy eliminates some a ...
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Can I Eliminate Credit Card Debt Through Bankruptcy?

Despite what you may have heard, you can eliminate your credit card debt through bankruptcy. Since the bankruptcy laws were revamped in 2005, many people have expressed confusion over whether or not ...
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What is a Short Sale?

If you are being threatened with foreclosure, a short sale is viable alternative you should consider. A short sale occurs when the lender agrees to allow the homeowner to sell their home for less than ...
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Bankruptcy Means Test

In 2005, a new set of bankruptcy laws were enacted to make it more difficult for people to file for Chapter 7, the form of bankruptcy that eliminates non-secured debt. The laws were created to try to ...
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Blockbuster May File for Bankruptcy

Rumor is that movie rental chain Blockbuster Inc. may be heading to bankruptcy court. With almost $860 million in debt and high competition from rental kiosks, by-mail rentals, and online downloads, ...
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Alternatives to Foreclosure

If you have been served a Notice of Foreclosure, it’s natural to panic. However, you should know there are several alternatives to foreclosure that may help you save your home, such as: ...
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Debt Settlement v. Debt Negotiation

If you are struggling with mounting debt and are searching for a debt relief option, you should consider either debt settlement or debt negotiation. Both debt settlement and debt negotiation are ...
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Chapter 13 Can Help Fight Foreclosure

With the foreclosure rate at an all-time high, millions of Americans are losing their homes. Fortunately, struggling homeowners who are having a hard time making their mortgage payments do have ...
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New Obama Proposal Requires Lenders to Consider Borrowers for Modification Program

The Obama Administration has drafted a proposal that would require servicers to evaluate a delinquent borrower for the federal Home Affordable Modification Program (HAMP) before the foreclosure ...
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Don’t Make These Common Bankruptcy Mistakes

If you are planning to file for bankruptcy, it is important that you do not make any of the following mistakes: Do not try to hide any of your debts or assets or attempt to transfer your assets or ...
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Does Bankruptcy Permanently Ruin Credit?

Many people are under the impression that filing for bankruptcy will permanently destroy their credit. While it’s true that filing for bankruptcy will stay on your credit report for 10 years, filing ...
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Reader’s Digest Comes Out of Bankruptcy With Lower Debt Load

Reader’s Digest Association, Inc. has emerged from bankruptcy with much of its debt eliminated and a new board of directors. The company was able to lower its debts of $2.2 billion by 75%, while at ...
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Will I Lose My House, Car and Other Assets in a Bankruptcy?

Many people struggling under debt are hesitant to seek relief through bankruptcy because they are afraid they will lose their homes, cars, and other treasured possessions in the process. While some of ...
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Wave of Foreclosures Expected to Hit California

It seems the foreclosure crisis in California isn't expected to go away soon. California is still one of the three states hit hardest by foreclosures, and the latest information on Realty Trac says ...
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California Sees a Significant Increase in Small Business Bankruptcies

A story produced by National Public Radio (NPR) has drawn light on a sad but true fact: small businesses are being hit hard by the poor economy, forcing many business owners to close their doors for ...
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Loan Modifications – An Overview

If you are being threatened with foreclosure, you should know there are ways you may be able to remain in your home. One of those ways is by seeking a loan modification. A loan modification is ...
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Eliminating Debt Through Bankruptcy

When debt becomes too much to carry, people turn to bankruptcy as a way to eliminate those debts and get a fresh financial start. They often do this under the impression that they can eliminate ALL of ...
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