Deciding to file for bankruptcy is a significant step, often taken when financial pressures become too great to handle through other means. It’s a decision that requires understanding the different types available, mainly Chapter 7 and Chapter 13 bankruptcy, and knowing which one you qualify for. Why Do People File for Bankruptcy? Individuals typically file […]
When You Should File for Bankruptcy
There are a number of reasons why you might file for bankruptcy. The most common reasons are job loss, overwhelming medical bills, and divorce. However, there are other circumstances that can also lead to bankruptcy. Some reasons to file for bankruptcy include: Credit Card Debt Credit card debt is extremely common. The average American adult […]
How is Chapter 7 Bankruptcy different from Chapter 13 Bankruptcy?
If you are considering bankruptcy as an option for your financial situation, you should know there are a few options. Chapter 7 bankruptcy and Chapter 13 bankruptcy are two of those options, which we have outlined and compared below. Chapter 7 Bankruptcy Chapter 7 bankruptcy is a liquidation process where a person’s assets are sold […]
What is Lien Stripping?
Lien stripping is a way somebody in Chapter 13 bankruptcy can remove lower priority liens. It’s only allowed in cases where the value of the house is no longer enough to cover the outstanding mortgages on higher priority liens. Lien stripping turns the junior mortgage into an unsecured debt that may eventually be discharged. Basics […]
How Can an Attorney Help with Business Transactions?
In nearly any kind of enterprise, a business attorney is critically important in making sure that business transactions are conducted in appropriate ways. In general, business attorneys help their clients with everything involved in operationally running a business – from payroll and product development to their transactions with vendors, suppliers and customers. What Are Business […]
Filing Bankruptcy: How Does Debt Relief Work?
Filing for bankruptcy comes with many emotions — from shame and despair, overwhelm, and even relief. We’ve put together this quick guide to debt relief so you can start arming yourself with information in order to take on the bankruptcy process. What is Bankruptcy? Bankruptcy is a legal process intended to help people and businesses […]
When to Go to Court for Defective Construction
Defective construction is a deficiency in a building or other structure type. Construction defects can delay projects and cause extensive injuries. Instances of defective construction occur because of poor design, low-quality materials, and poor workmanship. If you believe you are a defective construction victim, a construction law attorney in Riverside, CA, can help. Here is […]
Your House Was Foreclosed: Now What?
Dealing with financial difficulties can be worrisome, and ignoring them isn’t beneficial. Essential bills, like your rent or mortgage, should always be a top priority on your to-do list. However, there are times when you might struggle to fund these critical expenses. Defaulting on your mortgage can lead to losing your home. If your home’s […]