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Blog - Page 2 of 8
What to Expect at the Bankruptcy Meeting of Creditors (341 Hearing)
October 2, 2023
If you have filed for bankruptcy in California or anywhere in Los Angeles, California, you must attend the bankruptcy meeting of creditors. The meeting is required under 11 U.S. Code 341; hence, it is...
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Things You Need To Know About Wage Garnishment
August 25, 2023
Wage garnishment is a legal process that allows a creditor to collect a debt by deducting a portion of a debtor's wages directly from their paycheck. Employers are not always aware of their responsibilities when...
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What is a Bankruptcy Discharge?
July 25, 2023
Oftentimes, two of the more troubling questions bankruptcy filers seek answers to are "What is a bankruptcy discharge?" and "What debts can be discharged in a bankruptcy proceeding? The specific rules for...
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What Bankruptcy Can and Cannot Do in California?
May 22, 2023
Bankruptcy helps individuals and businesses struggling with overwhelming debt. Chapter 7 bankruptcy, also known as "liquidation" bankruptcy, allows the sale of the debtor's non-exempt assets to pay off as much...
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What Is Bankruptcy Fraud in California?
May 15, 2023
Unexpected personal crises like divorce, health problems, and unemployment are common reasons for declaring bankruptcy. Most people who file for bankruptcy are often individuals undergoing severe financial crises....
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Franchise Bankruptcy and Chapter 11 in California
April 17, 2023
Bankruptcy is sometimes the most appealing alternative for a franchisee, but it's also not the worst-case scenario, and it isn't unpleasant for a franchisor. Looking at the brand's future holistically, business...
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Exemptions in Chapter 7 Bankruptcy in Los Angeles
February 17, 2023
Using bankruptcy exemptions when filing for bankruptcy under Chapter 7 allows you to keep some of your valuable assets and dispose of others to pay your debts. At the very least, the process does not entirely...
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