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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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About Mark J. Markus

Attorney Mark J. Markus has been practicing exclusively bankruptcy law in Los Angeles, California since 1991. He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization, AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.

How Does Bankruptcy Affect Divorce Actions And Settlements

How To Avoid Future Bankruptcy Problems In Your Divorce Case Bankruptcy does not prevent people from getting divorced. But it can affect how property is divided. A bankruptcy trustee can recover unequal divisions of property. For example, wife gets the million dollar house and husband gets the 18 year old Toyota Tercel.  If husband later files a Chapter 7 bankruptcy, the Trustee can sue the wife for what should have been husband's 50% interest in the property. Many people try [...]

2021-07-25T18:37:43-07:00November 24th, 2018|

Filing Bankruptcy At Age 21, 25, 30, 35, 40, 45 – When Should You File?

To determine when or if to file a bankruptcy case requires one to examine multiple factors. Age is not really a critical factor--as explained more fully below--but it is one to consider.  More on Bankruptcy Issues Unique To Elderly/Seniors A 23 year old is going to have different goals than someone who is, say,  60 or 75. Older people do not own exclusive rights to financial problems.  It happens to those more junior in years as well. Factors To Consider [...]

2021-09-05T11:44:18-07:00October 31st, 2018|

Bankruptcy for Senior Citizens and Elderly

Are you a senior citizen?  Do you have debts?  Have you ever considered bankruptcy as an option to resolve those financial problems? A recent article by Tara Siegel Bernard published in the New York Times has caused a lot of discussion in the bankruptcy community and elsewhere. The article relies on a study done by several law professors and concluded that an increasing number of senior citizens are filing for bankruptcy these days. The reasons are varied and there are [...]

2021-07-25T18:42:40-07:00August 23rd, 2018|

What Happens If I Forget To List A Debt In My Bankruptcy Case?

Is It A Problem To Forget To List A Bankruptcy Debt? It is hard to remember everything. In a bankruptcy case you are supposed to list all the people, or entities, to whom you owe money. Even if you do not yet owe the money, but the underlying cause of the possible debt already occurred, it should be listed. The reason for this is the ever popular "due process" concept we hold dear in this country. Creditors (parties owed money [...]

2021-07-25T19:38:08-07:00July 10th, 2018|

Foreclosure Defense And Bankruptcy

When facing foreclosure on your home, you may be willing to do just about anything to keep it. A google search for "foreclosure defense attorney" will yield pages of results of lawyers. They all promise to give you the best chance of stopping a foreclosure sale on your property. Why Filing Bankruptcy Is Best To Stop Foreclosure Sales There are different ways to stop a foreclosure sale, at least temporarily,  and these attorneys will accept your money to do any [...]

2021-07-25T19:42:50-07:00March 18th, 2018|

What Happens When You Ignore Debt Collectors

Ignoring Debt Collectors Can Be Detrimental To Your Health Do not ignore your debts--even if you think they are gone or "charged off". This article shows a prime reason why you should explore all options to resolve your debts.   Whether through bankruptcy or otherwise, it is important to do so even if you think the debts are gone. Judgment Creditors Can Seize Your Bank Account Without Further Notice Most know when a debt is being pursued by a collector. The [...]

2021-07-25T19:45:52-07:00December 14th, 2017|

Beware Of Bankruptcy Loan Modification Advice

I just heard a sad story from a lady who took some really bad advice. The advice came from a loan modification agent. And, as a result of that advice, she is now going to lose her home to foreclosure. Her facts are similar to those of many of my clients, so I share it with you here so you may avoid her fate. People often seek loan modifications when they are  facing foreclosure due to missed mortgage payments. A [...]

2021-07-25T20:18:20-07:00September 22nd, 2017|

Bankruptcy Discharge, Dismissal, And Case Closing

Ever wonder what happens after you file bankruptcy? Do you just telephone an attorney and with the push of a button your debts disappear? No, that's not quite how it works (although many who call me seem to think it is). The different bankruptcy chapters have different requirements to get a discharge of your debts. What Is A Bankruptcy Discharge? The ultimate goal of most bankruptcy cases is to obtain a discharge of debts. A discharge is the removal of [...]

2021-07-25T20:21:15-07:00July 19th, 2017|

Bankruptcy: Freedom and Relief From Debts?

Is Bankruptcy The Best Solution For Debt Relief? Bankruptcy is not always the best solution for your financial problems. But often it is. Yet it is usually (and unnecessarily) the absolute last resort for people with debt problems. Most of my clients come to me after they have spent thousands of dollars on debt consolidation programs that did not deliver on what they promised and/or unnecessarily borrowing money to pay on existing debts (including taking high interest payday loans). They [...]

2021-07-25T20:25:02-07:00July 14th, 2017|

How Can I Be Responsible For Ex-Spouse Debts After Divorce?

How Divorce Judgments and Equalization Payments Work When going through a divorce, you can be left with different types of obligations. The most common is a domestic support obligation, such as child support or alimony. But you can also be made responsible for your spouse's separate debts, usually as part of the property division. For example, the wife gets to keep the dog and the house, and husband gets to keep the car. Wife, let's say, then agrees (or is [...]

2021-07-25T20:26:43-07:00May 21st, 2017|
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