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THE LAW OFFICE OF MARK J. MARKUS

Los Angeles California Bankruptcy Lawyer*
Practicing exclusively bankruptcy law since 1991
Free phone consults.  Office in Burbank.
*Board Certified Specialist in Bankruptcy Law

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Phone: 1-818-509-1173

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September 7, 2021

Personal Injury Bankruptcy Exemption California – Attorney Mark J. Markus

2021-09-07T17:13:29-07:00September 7th, 2021|

Many of my clients come to me after a personal injury has rendered them unable to work. Their income loss causes them to default on their debt payments. Often this results in them needing to file bankruptcy. This article explains how personal injury claims can be protected in bankruptcy in California. And how to get a referral for a good PI Attorney. Personal Injury Claims In Bankruptcy Many bankruptcy cases become necessary due to medical expenses incurred after an accident. [...]

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August 27, 2021

Does Bankruptcy Help Stop Rent Evictions In Los Angeles? Mark J. Markus

2021-09-03T12:34:05-07:00August 27th, 2021|

During the COVID-19 Pandemic, landlords were prevented from evicting tenants for nonpayment of rent. Thousands of renters in Los Angeles County and across the country stopped paying rent months, and in some cases, years ago. And landlords could not do anything about it. Until now. After a recent US Supreme Court decision (pdf), that moratorium is coming to an end, and landlords will soon be able to start unlawful detainer actions to evict tenants. How To Stop An Eviction Due [...]

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May 5, 2021

John Oliver’s Report On Why Bankruptcy Should Be Used When Necessary

2021-07-31T23:30:15-07:00May 5th, 2021|

Television personality and part-time comedian John Oliver recently did an important segment on bankruptcy law.   The April 18, 2021 show covered the many often misguided reasons people avoid filing bankruptcy.   It points out why bankruptcy should be used when necessary. The show admirably highlighted the benefits of bankruptcy, including getting a fresh start from your debts.   It also stated clearly that the social stigma associated with filing bankruptcy is "completely misguided." Unfortunately, the show also makes many technically correct, but [...]

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April 13, 2021

Cryptocurrency and Bitcoin Accounts In Bankruptcy | Mark J. Markus

2021-08-03T16:15:06-07:00April 13th, 2021|

Over the past several years there has been increased popularity of Bitcoin and other types of "cryptocurrency." Cryptocurrency presents some unique, and also fairly traditional, issues in a bankruptcy case. How are these accounts and assets are treated in bankruptcy cases? Investing in Bitcoin and other cryptocurrency is similar to investing in stocks, bonds and mutual funds. It seems every day a new investment platform arises for this purpose.  According to collegeinvestor.com, these are the current Top 10 cryptocurrency investment [...]

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September 19, 2020

New California Homestead Exemption Increased For Bankruptcy Cases

2021-08-13T12:21:06-07:00September 19th, 2020|

What Is A Homestead Exemption? A huge concern for those who need to file bankruptcy is whether they will lose their home. See More On Exemptions In Bankruptcy Every state has "exemptions" which protect the homestead (where one resides) up to a certain value. Until now, California's homestead exemptions were relatively low compared to other states. People filing bankruptcy often could not do a Chapter 7 case because they could not protect enough equity in their home. And the [...]

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California Homestead Exemption Set To Change For Bankruptcy Per AB 1885

2021-08-13T13:58:36-07:00September 5th, 2020|

California Homestead Exemption Will Increase In January 2021 On September 2, 2020 the California legislature passed AB 1885 (and SB 832) which will substantially increase California's homestead exemption. This is a very important change and will enable many homeowners to eliminate their debts in bankruptcy without having to lose their homes to do so. The current homestead exemption, under CCP 704.730,  ranges between $75,000 to $175,000 and depends on whether you are single, married, over 65 or disabled, or with [...]

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August 29, 2020

Small Business Bankruptcy Chapter 11, 7, 13. Do You Need An Attorney?

2021-09-03T17:06:37-07:00August 29th, 2020|

Should Your Business File Bankruptcy? Many businesses are failing due to the COVID-19 Pandemic, especially small businesses. Business owners are faced with the difficult decision of whether to try to save their business, or fold up and close. I get many calls each week from business owners who tell me they need to file bankruptcy, but do not understand what it does, or does not, accomplish. There are a lot of misconceptions about options businesses have in bankruptcy. This article [...]

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How Can You Pay For And Afford A Bankruptcy Lawyer Attorney When You Have No Money?

2021-07-25T18:09:31-07:00August 7th, 2020|

It is an obvious dilemma. How can you afford a bankruptcy attorney when you have no money? Like anything else in law, representation by an attorney - and the quality of the attorney - can make a big difference. So what can be done to enable the hiring of a bankruptcy attorney? Chapter 7 or Chapter 13 (or Chapter 11)? For individuals, your bankruptcy chapter choices will be either Chapter 7 , Chapter 13, or Chapter 11.  Learn About The [...]

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July 19, 2020

Woke And Broke: Millennials and Bankruptcy Filing Options For Those Under 40

2021-07-25T18:10:40-07:00July 19th, 2020|

In an article titled "Millennials get woke to economic woes" Dave Lee of The Los Angeles Times examines how the COVID-19 pandemic is hitting Millennials particularly hard, economically. The pandemic tends to affect those of older generations more harshly. Millennials are forced to shoulder the economic burden by not working during their peak earning years. These are years where they are trying to climb the financial income ladder and many have entry level jobs. Additionally, Millennials have some of the [...]

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June 8, 2020

How Can Bankruptcy Help A Small Business During Covid-19?

2021-07-25T18:13:19-07:00June 8th, 2020|

The COVID-19 pandemic is wreaking havoc on small businesses. "Mom and Pop" stores and other small businesses are the most affected and least likely to survive the downturn in business. Employees are being laid off, businesses are closing, and vendors of  businesses are losing their businesses. These are difficult times to be sure. When faced with this reality,  what steps can you take to recover? Especially when the problems thrust upon you by circumstances are beyond your control. Small businesses [...]

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