Falling behind on payments for any type of vehicle happens to the best of us. Sometimes life deals you adversity that you didn’t expect. It may start with an unexpected medical bill, or a work related lay off or some situation that no one plans for in the budget. Trying to explain your situation to your loan company doesn’t help. They are in business for one purpose, to make money. Unfortunately, they are not going to tell you your legal rights in this situation. View full article »
Tag Archive: los angeles bankruptcy attorney
The entrepreneurial spirit is one of the touchstones of American culture that has made our country so strong. The willingness of driven individuals to step out and risk their financial stability for the sake of a business they believe in has been a catalyst of our country’s growth. However, a recent study by the University of Nevada shows that one in seven bankruptcies are filed by individuals tying to cope with the failure of a small business. While corporations or partnerships cannot file for bankruptcy, Chapter 7 and Chapter 13 are often used by entrepreneurs who are trying to deal with personal and business debt. View full article »
Being in debt can be a stressful, confusing, and often scary situation. It can feel like you are in a deep hole and all you want to do is climb out but creditors are continually throwing dirt down to bury you. Sometimes, the best option to get out from that hole and escape the wrath of creditors is by filing for bankruptcy.
Bankruptcy can be a confusing process if you are going at it alone and many people are unaware that there are different options available when filing. There are two classifications of bankruptcy that individuals can file for: chapter 7 and chapter 13. View full article »
