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

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 [...]

2022-02-09T10:58:46-08:00May 5th, 2021|

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

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 [...]

2022-03-22T10:55:13-07:00August 7th, 2020|

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

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 [...]

2022-02-09T11:10:56-08:00July 19th, 2020|

Can I File Bankruptcy If Current And Not In Default On Payments?

Status Of Debt Payments Does Not Affect Bankruptcy Eligibility I get asked this question often.  People think the gateway to bankruptcy relief requires being delinquent on payments. There is no such requirement. You can file bankruptcy if your credit score is 900 and never missed a payment in your life. The truth is:  If you wait until you are missing payments, you are probably waiting too long to file bankruptcy. Why do I say that? Because if you are eligible [...]

2022-02-05T13:13:24-08:00February 13th, 2017|

New Bankruptcy Forms Make Filing Trickier

The New Bankruptcy Forms Are Longer and More Confusing The scariest phrase in the English language is "I'm from the Government and I'm here to help!" Well, the government decided in its infinite (and by infinite, I mean infinitesimal) wisdom to completely revise the forms needed to commence a bankruptcy case. The stated goal was to make them easier and more understandable for non-attorneys to complete. They are not. And I promise I'm not just saying that because I'm a [...]

2022-02-07T17:43:30-08:00November 30th, 2015|

There’s More To Bankruptcy Than Just Filling Out Forms

There's More To Bankruptcy Than Just Filling Out Forms There is a great misconception out there shared by many that filing bankruptcy is simple-- that all you need to do is fill out some forms, attend a meeting, and you get rid of all your debts. This idea is shared by many before they file a bankruptcy case, and by almost no one after the case is filed. It is certainly not shared by those who call me on  a [...]

2021-07-26T11:46:07-07:00September 11th, 2015|
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