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Is a Short Sale Your Best Option?

Short Sale Best Practices

You’ve fallen behind on your mortgage payments. You don’t think you’re going to be able to catch up and you’re trying to avoid foreclosure, so you’re searching for other options. You want to save your credit score and avoid trouble with the bank. Is a short sale the answer you’re looking for?

Do I Have Too Much Debt to File for Chapter 7 Bankruptcy?

Do I Have Too Much Debt to File for Bankruptcy?

Your bills are past due, you’ve missed car and house payments, and you don’t think you’ll be able to dig yourself out anytime soon. Have you considered bankruptcy? It might be a way to start fresh. But your stack of bills is gigantic and it seems like you’ll never be able to pay it back? Do you have too much debt to file for bankruptcy?

Mortgage Modification in California: Five Tips

5 Tips for Submitting a Loan Modification Package in California

What Are The Income Guidelines for Chapter 7 Bankruptcy in California?

Income Guidelines for Bankruptcy in California 

Can Chapter 7 Bankruptcy in California Help Me?

Can Chapter 7 bankruptcy help?

8th Circuit: Funds in Health Savings Account under Medicare Not Exempt

In re Leitch, 2013 W.L. 3722091 (Bankr. App. 8th Cir. 2013).

Funds held in a Health Savings Account under Medicare are not exempt in bankruptcy.

As a California law firm, Borowitz & Clark practices in the 9th Circuit, however, we thought our clients should be aware of this decision from the Bankruptcy Appellette Panel in the 8th Circuit.

California Bankruptcy Filers Must Provide the Trustee With Tax Returns

In re Nordstrom, 381 B.R. 766 (Bankr. C.D. Cal. 2008).

The bankruptcy trustee may pursue dismissal of your case for failure to provide required documentation on time.

Don't Forget the Credit Counseling Requirement!

In re Manalad, 360 B.R. 288 (Bankr. C.D. Cal. 2007)

Failure to obtain credit counseling prior to filing for bankruptcy is grounds for dismissal

Court: Social Security Benefits are Exempt in California Bankruptcy

In re Suttice, 487 B.R. 245 (Bankr. C.D. Cal. 2013)

Securing Social Security

You may stop working, but the bills won’t stop coming. In retirement, some people live off of pensions and other kinds of retirement income. If nothing else, almost everyone receives Social Security benefits. Unfortunately, that may be too little.

California Student's Loans Ruled Non-Dischargeable in Bankruptcy

In re Nielsen, 2013 W.L. 2299626, (Bankr. S.D. Iowa 2013)

Third Parties Trying to Take Advantage of Automatic Stay in Chapter 13 Bankruptcy

In re Dorsey, 476 B.R. 261 (C.D. Cal. 2012).

Catch Her If You Can

Transfer of Real Estate Before Bankruptcy in California Ruled Void, Fraudulent

Bankruptcy, Civil Lawsuits, and Signs between feuding California neighbors

Milosevic Next Door – In re Cass, 476 B.R. 602 (C.D. Cal 2012)

When bankruptcy and civil lawsuits mix, the results can be ugly. Catherine, a California resident, had two lawsuits and two bankruptcies on the table. When creditors came after her house, she decided to go down swinging.

It All Begins With a Disagreement Among Neighbors 

Chapter 13 Bankruptcy Prevents Foreclosure of California Woman's Home

The tale of Chapter 13 bankruptcy and a home.

In re Hileman, 451 B.R. 522 (C.D. Cal., 2011).

The Story of Caridad

Caridad Hileman, a resident of California, filed for Chapter 13 bankruptcy. Unfortunately, her case was dismissed. Determined to avoid foreclosure, Caridad filed again a few months later.

The Automatic Stay 

Why Can a Bankruptcy Discharge be Denied in California?

A bankruptcy discharge can be denied in CA

Why Can a Bankruptcy Discharge be Denied?

Is chapter 13 bankruptcy the cure for high interest credit cards?

Will Chapter 13 cure your credit card debt?


Will you be in credit card debt forever? 


Pro or Pro Se? The Shocking Truth About Pro Se Bankruptcy Filings in California's Central District

Is filing bankruptcy pro se in California a smart idea?


Pro or Pro Se? The Shocking Truth About Pro Se Bankruptcy in California's Central District 

What Does it Mean to be Judgment Proof? Can My Creditors Sue Me?

Can you defy Justice?

What Does it Mean to be “Judgment Proof?”

Unsecured creditors, like credit card lenders, must obtain a judgment against you before they can attach assets in satisfaction of past due debts. They do this by suing you for what you owe. Most people rightfully owe the debt and fail to respond to the collection lawsuit. As a result, the court enters a judgment, which is the court's determination that you owe what the creditor says you do. 

Just How Expensive Is It to Live in Los Angeles?

Los Angeles - What are the costs?

How expensive is it to live in Los Angeles?

California's Wage Garnishment Rules: Unpaid Taxes, Child Support, Consumer Debt

Money makes the modern world turn

California Wage Garnishments

If you have defaulted on debt, then your creditors may sue you to obtain a “wage garnishment.” A wage garnishment is where your employer deducts money from your pay, and then delivers that money to your creditors. The amount that your wages can be garnished depends on the type of debt that you have. Additionally, who can have your wages garnished also depends on the type of debt that you owe.

Signing Up For a New Credit Card? Know Your Rights Beforehand

Five Things Every Consumer Should Know About Credit Card Contracts:

Credit cards are so commonplace that many consumers assume all agreements are standard. You already know how it works - you pay the balance every month or interest accrues. Besides, the contracts are long, full of technical jargon, and tiny font. Most of the information seems like it doesn’t apply to you. Is it really worth reading the whole thing? Here are five reasons not to skip the small print when it comes to your credit card contract:

1. Rates