Mar
30
West Covina attorney talks about how credit card debt is handled after death
March 30, 2011 | Leave a Comment
As long as the deceased is the sole person responsible for the credit card, the credit card debt falls on the estate to be paid through assets after going through probate. The remainder of the assets are then distributed according to the deceased’s will or state law if no will was written. If there is [...]
Mar
25
What should you do if your small business starts to accumulate debt? (West Covina attorney David Lozano offers professional advice to small business owners!)
March 25, 2011 | Leave a Comment
I talked a little bit about small business bankruptcy in a previous blog–Bankruptcy for the small business owner. Today I want to stress the importance of seeking professional guidance as soon as financial difficulties arise. Small businesses often struggle to compete with corporate businesses or other small businesses in the same region. When your business [...]
Mar
25
Southern California bankruptcy attorney relates the story of the character played by Ben Affleck in the film, The Company Men, to average men and women facing the loss of a job
March 25, 2011 | Leave a Comment
Ben Affleck, a native of our own California, recently starred in The Company Men, alongside Tommy Lee Jones, Chris Cooper, and Kevin Costner. The film tells the stories of three men named Bobby Walker (Ben Affleck), Gene McClary (Tommy Lee Jones), and Phil Woodward (Chris Cooper) who are businessmen at the GTX Corporation but lose [...]
Mar
23
Lancaster, California, attorney explains how utility shut off is affected by filing bankruptcy!
March 23, 2011 | Comments Off
Many times when people are faced with impending debt, they start looking for shortcuts to save money–using coupons and sales to buy groceries and other necessities, making sure to turn off all lights and appliances when they are not being used, or letting a few bills slide in hopes of catching up on the payments [...]
Mar
18
The lesser known downside of foreclosure (Ontario attorney David Lozano is looking out for you and your neighbors!)
March 18, 2011 | Comments Off
As a bankruptcy attorney I advocate preventing foreclosure to individuals who would like to keep their home despite the financial trouble they are going through, as I expressed in a few of my previous blogs–Do you have questions about foreclosure and how to prevent it?, Do you want to avoid foreclosure in Southern California?, and [...]
Mar
16
Wondering what to do about the home when going through divorce and bankruptcy? (Los Angeles attorney David Lozano offers his help to divorced couples!)
March 16, 2011 | Leave a Comment
Not too long ago I wrote about how divorce is one of the three leading causes of bankruptcy–along with medical bills and the loss of a job–in Wondering what you should do when dealing with divorce as well as bankruptcy? (Los Angeles attorney David Lozano offers his advice!) And earlier in the year I wrote [...]
Mar
11
Wondering what a creditors meeting is? (Lancaster attorney David Lozano is here to answer all your bankruptcy questions!)
March 11, 2011 | Leave a Comment
Filing bankruptcy is just the first step in the bankruptcy process. There is also a 341 meeting–or creditors meeting, which usually takes place 20 to 40 days after you file Chapter 7 or Chapter 13 bankruptcy. At this meeting, you and your attorney discuss your financial situation with the bankruptcy trustee assigned to your case. [...]
Mar
9
A happy case of life after bankruptcy! (Los Angeles attorney David Lozano shares the story!)
March 9, 2011 | Comments Off
A while back there was an article in a Sapurstein & Associates newsletter about a tax ruling concerning the tax deduction for a mortgage that centered around a couple and their son. After filing for bankruptcy some months prior, the couple was looking to take out a mortgage but didn’t qualify due to their credit. [...]
Mar
7
Will everyone know when you file bankruptcy? (Ontario attorney David Lozano wishes to put your mind at ease!)
March 7, 2011 | Comments Off
A big concern I hear from my clients when they come in for a free consultation is who will know that they have filed bankruptcy. Truthfully, there are only a limited number of people who may be notified when you file bankruptcy. Creditors will be made aware of the fact that you have filed bankruptcy. [...]
Mar
4
Wondering what you should do when dealing with divorce as well as bankruptcy? (Los Angeles attorney David Lozano offers his advice!)
March 4, 2011 | Comments Off
Along with the loss of a job and medical bills, divorce is one of the most common contributing factors that lead to bankruptcy. Divorce settlements don’t always leave one or both parties with enough to sustain themselves. Many times people are left without a house or car and are sometimes required to pay for child [...]
