Category Archives: Uncategorized

The first thing to understand is that filing bankruptcy is not the root cause of a poor credit score. In fact, bankruptcy can be an important step toward improving your credit score in the future. The credit counseling you must pursue as a prerequisite to filing bankruptcy provides valuable information on how to handle your […]

Nearly 1.1 million individuals and businesses filed bankruptcy petitions between June 2012 and June 2013. This marks the lowest number of bankruptcy filings in any 12-month period since 2008. Likewise, foreclosure activity across the nation is declining, but has not yet returned to the 2006 pre-housing bust. California foreclosure activity placed below the top 10 highest states […]

Bankruptcy trustees have extensive responsibilities related to the administration of the bankruptcy estates they oversee. Since every case has unique aspects, even experienced private trustees can expect some issues to arise that they may not know how to handle. An experienced Los Angeles bankruptcy trustee attorney can play an important role in unraveling complex matters […]

America sits on the horizon of a new financial crisis, analysts say. Since the emergence of the Great Recession, American wages and income remain stagnant, the cost of living continues to soar and consumer debts mount to historical heights. In fact, TransUnion —one of the top credit reporting bureaus — estimates that the average consumer’s […]

When you are stuck in a bind and unable to pay your creditors, filing for bankruptcy can provide a fresh financial start. However, how much of your debt actually disappears?  How much time does it take before you are eligible to apply for another credit card? While filing for bankruptcy is more common today that […]

Issues ranging from reduced sales to increasing regulation have caused many business owners to wonder if they can continue operations. Your decision to close your doors largely depends on your ability to repay outstanding debt and the likelihood of returning to a profitable state in the future. You can use bankruptcy either to close your […]

Once you file your personal bankruptcy petition under Chapter 7 or Chapter 13, the Bankruptcy Court assigns a trustee who has a duty to oversee the management of your case. In addition to making a thorough review of your petition and various schedules you filed, the trustee must gather information about your financial affairs. This […]

Friday, May 10, 2013 Proposed California Class Action for Former Silver State Helicopters Students Shot Down On April 11, 2013 the United States Court of Appeals for the Ninth Circuit published its Opinion in a proposed class action case against KeyBank National Association, Key Education Resources, and Great Lakes Education Loan Services, Inc. This case […]

Of the 3 major lenders that made tuition loans to students to attend Silver State Helicopters Flight Schools, KeyBank has been the most difficult to deal with. On the plus side, I have settled some claims for individual former SSH students with low flight hours at a large discount and none of my KeyBank loan […]

American Education Services (“AES”), the loan servicing agent for Student Loan Xpress, has sent out 1099-C Cancellation of Debt forms to many of my clients who obtained loans from Student Loan Xpress to attend Silver State Helicopters flight schools. Here is information that can help you deal with this 1099-C issue, and perhaps avoid liability […]