Eliminate 2d & 3d Mortgages With Bankruptcy

You may be able to eliminate 2d & 3d mortgages with bankruptcy!  This is called “stripping” the junior lien or liens, and it changes them from secured debts to unsecured ones that can be discharged in bankruptcy without losing your home.  The junior mortgage must be completely “underwater” in order to do strip it, so […]

Unemployment Benefits Available For Self-Employed People

There are now unemployment benefits available for self-employed people in California.  If you earn 1099 wages, which means that you are a contractor, a business-owner, or are self-employed, you may now apply for unemployment benefits under a new program called Pandemic Unemployment Assistance.  You may apply for those benefits here.  Previously, you had to be […]

A Little Help For Chapter 13 Bankruptcy Debtors

There is a little help for chapter 13 bankruptcy debtors in the major stimulus package known as the CARES Act of 2020.  If you cannot afford to make your chapter 13 plan payments in full because you lost income due to the coronavirus, you may change those payments to as little as $50 per month […]

Should You File Bankruptcy Now?

Should you file bankruptcy now if you have lost all or part of your income because of the coronavirus pandemic and can’t pay your debts? If you have gotten over your head in debt because you lost income due to the coronavirus, bankruptcy might be the solution for you. You could eliminate many debts with […]

Additional Financial Relief During The Pandemic

The government has provided some additional financial relief during the pandemic in addition to some mortgage forbearances, and temporary foreclosure and eviction moratoriums (see my previous blogs here for information on that relief). This relief will help some people a little, though there should be a lot more of this. California and federal income taxes […]

Help Making Mortgage Payments

If you need help making mortgage payments because of the coronavirus, the recent bailout bill provides some help, see my previous post.  But beware, you might have to repay money very soon that you were allowed to not pay during a forbearance (suspension on payments).  At least one mortgage servicer said that for people who […]

Coronavirus Financial Relief For Renters & Homeowners

State, federal, and local governments have created a little coronavirus financial relief for renters and homeowners who can’t earn money because of the coronavirus.  However, using the mortgage forbearance relief might cost you money later on. Mortgage Payments:  Under the new federal bailout law (CARES Act of 2020), you may apply for mortgage forbearance (in […]

Bankruptcy Help During The Coronavirus

Do you need bankruptcy help during the coronavirus?  While we are all ordered to stay home for the time being except for essential things like food and medical services, our office is conducting free telephone and video consultations for people who need help with debts they can’t afford to pay.  Because this is new and […]

Lower Your Total Debt Payments

You can lower your total debt payments, like credit card and medical debts, by consolidating your debts with a chapter 13 bankruptcy.  There are many debt consolidation companies, and a lot of them will rip you off.  However, you can use chapter 13 bankruptcy as a debt consolidation without the fear of being ripped off by a dishonest company. […]

Don’t Be Embarrassed By Bankruptcy

Don’t be embarrassed by having to file bankruptcy.  Many, if not most, people who have serious financial problems are embarrassed by those problems, but they are even more embarrassed by considering bankruptcy as a solution.  However, you should not be embarrassed by using bankruptcy to fix your financial problems. It is completely understandable that you […]