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
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 [...]
Feb
25
Dealing with debt and rising prices? Lancaster attorney David Lozano advises you to keep a budget!
February 25, 2011 | Comments Off
Everyone has a different grocery shopping approach–some make a list, others go in and shop for whatever looks good, some plan their shopping trip by clipping coupons and waiting for the biggest sales, others shop for what they need for the week. Whatever their shopping style, however, all shoppers will be affected by the increase [...]
Feb
23
Overdraft protection plan dangers – West Covina attorney David Lozano
February 23, 2011 | Comments Off
I’ve told you in past blog posts about the drawbacks that go with payday loans, but a bad payday scheme isn’t the only risky deal out there! Banks offer what is called an overdraft protection plan to prevent a check from bouncing due to insufficient funds. Of course this sounds like good thing but, as [...]
Feb
9
Are Mom and Dad making sacrifices for your sake?
February 9, 2011 | Comments Off
To cope with the current state of our economy people will often take on extra shifts at work or cut back on frivolous spending. But what about individuals who are retired and their frivolous spending consists solely of buying the grandkids holiday and birthday gifts? That’s right, I’m talking about generous Grandmas and Grandpas here! [...]
Feb
4
Do you give yourself and your credit card enough credit? (Bankruptcy attorney David Lozano sheds a little limelight on the subject!)
February 4, 2011 | Comments Off
It is probably safe to say that the majority of Californians are credit cardholders. The U.S. Census Bureau recently collected data on the number of credit cardholders there were in the United States and found that there were 159 million in 2000 and 176 million in 2008. With this data, they then estimated the count [...]
Feb
3
Worried about rumors you have heard about debtor’s prison?
February 3, 2011 | Comments Off
During my time as a bankruptcy attorney I have heard many concerns that clients have when it comes to filing bankruptcy. One worry which has plagued quite a few of my clients is whether or not there is a possibility that they will go to jail as a consequence of the debt they have incurred. [...]
Jan
28
What if creditors continue to call after your debt has been discharged? (Bankruptcy attorney David Lozano urges you to stand your ground!)
January 28, 2011 | Leave a Comment
Once your debt has been discharged by the bankruptcy court, creditors and collection agencies are out of luck! Third party collection agencies have been known to contact a person and demand payment even after that person has declared bankruptcy and had his or her debt discharged. Do not fall prey to their subterfuge! By taking [...]
Jan
24
What about my credit score? (Hint: Bankruptcy is good for your credit score in the long run)
January 24, 2011 | Leave a Comment
We can all agree that a good credit score is handy to have. So why would you risk the score you have by filing bankruptcy? To be frank, you risk more by doing nothing. Your credit score is already hurting or you probably wouldn’t be in the pickle you’re in, right? Look at it this [...]
Jan
21
Worried about getting a credit card after filing bankruptcy? (Los Angeles bankruptcy attorney David Lozano is here to alleviate your worries!)
January 21, 2011 | Leave a Comment
I want to clear up the misunderstanding that many people have concerning credit cards. The common impression is that you won’t be able to get a credit card once you file bankruptcy. This is a myth! Credit card offers are going to come to you a week or two after you file bankruptcy–by way of [...]
