9454 Wilshire Blvd, Sixth Floor, Beverly Hills, CA 90212

Category Archives: Bankruptcy

Filing for Bankruptcy to Deal with Heavy Medical Debt

Medical debt is by far the leading cause of personal bankruptcy in the U.S. A 2019 study found that 66.5 percent of all bankruptcies were tied to health care costs. Subsequently, COVID-19 threw millions of people out of their jobs and saddled them with virus-related medical bills. With COVID-related medical debt totaling somewhere between $60 […]

Costly Mistakes to Avoid Prior to Filing for Bankruptcy

When you’re in severe financial distress and considering bankruptcy, don’t let desperation overrule good judgment. Certain actions or omissions taken in the months leading up to filing for bankruptcy can hurt your chances for a successful outcome. Approaching things with a level head will help prevent costly mistakes that can come back to haunt you. […]

Deciding What Type of Business Bankruptcy to File

Opening a small business is exciting but risky. According to the Bureau of Labor Statistics, about 20 percent of small businesses fail in the first year. By the end of year five, 50 percent have failed. And after 10 years, 70 percent have gone out of business. For many small business owners, seeking bankruptcy protection […]

Repairing Your Credit After Declaring Bankruptcy

Many people try to avoid bankruptcy because they fear it will ruin their credit rating. While it is true that bankruptcy takes an immediate toll, it does not last forever. Your credit report will show your bankruptcy for seven or 10 years but the impact of the bankruptcy lessens over time. And with your debt […]

What is the Trustee’s Role in a Chapter 7 Bankruptcy?

When a person or business files for Chapter 7 bankruptcy, the petition and related paperwork provide the court with information about the debtor’s assets and liabilities, income and expenses and general financial condition. The court then assigns a trustee, whose role is to review the bankruptcy petition and other documentation and to supervise and administer […]

Using Bankruptcy to Avoid Home Foreclosure

When default on mortgage payments leads the lender to threaten foreclosure, you need to take prompt action to protect your home. Bankruptcy is an effective way to block foreclosure while allowing you to devise plans for getting back to financial solvency. Filing for bankruptcy protection under Chapter 7 or Chapter 13 causes an automatic stay […]

How Does Filing for Divorce Affect Your Bankruptcy?

Bankruptcy and divorce unfortunately sometimes go hand in hand. Severe financial pressure in a marriage is one of the leading causes of divorce, and the breakdown of a marriage can have ruinous financial effects. Depending on your finances and the state of your relationship, bankruptcy and divorce proceedings can each significantly impact their respective outcomes.  […]

Setting Aside Default Judgments in California

If a creditor goes to the trouble to sue you, they mean business. If for any reason you do not respond to a summons and complaint within the time required by California law — usually 30 days — the creditor can seek and obtain a default judgment. The court typically awards the creditor the amount […]

What Can Cause Your Chapter 7 Petition to be Denied?

Chapter 7 bankruptcy offers consumers a chance to be relieved of crushing debt and to get a fresh financial start. However, the law is not intended as a cover for fraud, deception or other conduct abusive of the bankruptcy system. Debtors who seek the law’s protection are held to high standards of good faith and […]

How Often Can You File for Bankruptcy?

Close up of bankruptcy petition with calculator and writing hand

If we have learned anything during the pandemic era, it is that things are more fragile than they seem. Global economies can be stopped in their tracks, threatening the financial health of millions of individuals. Many people who filed for bankruptcy in the past may find themselves in dire financial straits due to COVID-induced job […]


Contact Form

We will respond to your inquiry in a timely fashion. Thank you.

Quick Contact Form


Privacy Policy