Mark J. Markus Bankruptcy Attorney-Board Certified Specialist

bankruptcy attorney Mark J. Markus

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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Paying Relatives Before Bankruptcy Is A “No-No” Why You Should Wait

There can be serious consequences for repaying relatives before filing a bankruptcy. If you repay your relatives before filing bankruptcy, they may be forced to return that money to the bankruptcy trustee. Timing is everything, so they say, in comedy and believe it or not, in bankruptcy. Many who get down on their luck borrow from family and friends in order to survive and, often, to attempt to stay current on their debts. While the goal is laudable, this path [...]

2021-08-15T16:01:41-07:00November 21st, 2013|

How to Avoid Big Mistakes Before Filing Bankruptcy

A story describing why it is important to consult with a bankruptcy attorney before filing a bankruptcy case and provide the necessary information that attorney asks for.

2021-08-14T16:06:49-07:00February 13th, 2013|

I: is for Insiders in bankruptcy

This could happen to you: You're sitting around watching the Lakers get beat again or just enjoying a good book when the mail comes, and inside it is a lawsuit from a bankruptcy trustee of your nephew, who recently filed a bankruptcy case, seeking to recover from you the $5,000 your nephew repaid you ten months ago. You think you're being treated unfairly, but after you speak to a few bankruptcy attorneys, you will realize that by being a relative [...]

2021-08-09T15:09:12-07:00December 27th, 2011|

Is it OK to put my property in another’s name?

Transferring Property Before Bankruptcy Can Be A Fraudulent Transfer I get asked a variation of this question at least once a week. Today's consultation featured a mother who had quitclaimed half an interest in her home to each of her two sons about 2 years ago. She now needs to file a bankruptcy case. The sons are (rightfully) concerned. Why? Because they didn't pay anything for the property interests they received. In bankruptcy, this is known as a potentially "fraudulent [...]

2021-07-28T12:24:17-07:00July 14th, 2008|
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