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
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
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 [...]
Mar
2
Are your children’s education saving funds exempt when you file bankruptcy? (Lancaster attorney David Lozano is here to put your mind at ease!)
March 2, 2011 | Comments Off
Couples and single parents frequently take advantage of my offer for a free consultation to discuss their options for dealing with debt. For many their concerns involve not only them, but their children as well! Parents worry whether the savings they’ve set aside for their children’s future education will be affected when they file bankruptcy. [...]
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
16
Do you have something in common with Will Smith? (Bankruptcy attorney David Lozano says, “more than you might think!”)
February 16, 2011 | Comments Off
Do you have a flair for the dramatic, a thirst for action and adventure, a good sense of rhythm with a dash of witty humor and charm to tie everything together? See, we’ve already established some strong similarities between you and the Fresh Prince! One likeness that might come as a surprise to you, however, [...]
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 [...]
Jan
31
Does filing bankruptcy require you to march to the beat of a different drum?
January 31, 2011 | Comments Off
The uncertainty that accompanies filing for bankruptcy is a discomfort that has dogged nearly every client I’ve ever had. Until debt began to pile up, their lives had a fairly comfortable and predictable rhythm. Deciding to file bankruptcy throws off that rhythm and requires people to find a new one. Oftentimes it is difficult to [...]
