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Consolidate Your Debts With Chapter 13 Bankruptcy

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. […]

Your Retirement Account Money Is Safe In Bankruptcy

Are you considering bankruptcy but fear that you will lose your retirement account money?  Don’t be!  You can protect (“exempt” in bankruptcy terms) all funds in most tax-exempt retirement accounts up to $1,283,025.  That’s right: you can have over a million dollars in a tax-exempt retirement account and still protect it from creditors in bankruptcy.  […]

Eliminate Old Taxes In Bankruptcy

Filing bankruptcy can eliminate old taxes.  It’s that time again when we all have to settle up with the IRS and the California Franchise Tax Board (FTB).  If you owe the IRS or FTB debts for old taxes, you can eliminate those debts with a chapter 7 or chapter 13 bankruptcy. Taxes that can be […]

Co-Signing For A Loan Could Land You In Bankruptcy

If an adult child or anyone else asks you to co-sign for a loan, beware: if they default on the loan, you could end up in bankruptcy because you will be 100% liable for that loan.  If you are willing to sacrifice your financial health for your adult children or someone else that’s fine, but you should […]

File Bankruptcy to Eliminate Your Unaffordable Credit Card Debt

Have you gotten over your head in credit card debt? If so, bankruptcy might be the solution for you. You can eliminate your credit card debts with a chapter 7 bankruptcy, usually without paying anything for those debts. Many people are solicited for credit cards as soon as they turn 18 years old. At that […]

Should You File Bankruptcy Before You Get Married?

Should you file bankruptcy before you get married?  Many people have asked me this question, and the answer is a definite “yes!”  If you get married, your debts “come into the marriage” in California.  Specifically, a creditor may go after community property for the debt of either spouse.  Let’s break down what this means. California […]

Avoid Phony Tax Collector Scams

If someone contacts you and tries to get you to pay a tax debt, this could be a scam.  Beginning April 2017, the IRS contracted with private collection agencies to try to collect taxes that the IRS has not been able to collect.  You might be able to get rid of tax debts in bankruptcy. […]

Choose A Bankruptcy Attorney Wisely

Do you need to choose a bankruptcy attorney?  If so you should make your choice wisely.  Many people go price-shopping for a bankruptcy attorney, but this is definitely the wrong way to choose one.  Think about this: Would you choose a doctor this way? The best way to choose an attorney is to find one […]

Don’t Let Fear Of Bankruptcy Cause Your Home To Be Foreclosed

Do you hesitate to file bankruptcy because you are concerned about your credit, even if you are in foreclosure?  Are you more concerned about your credit or the stigma of filing bankruptcy than about saving your home?  Don’t laugh; I have a case like that right now. Marge (not her real name) filed chapter 13 […]

Eliminate Old Taxes By Filing Bankruptcy

Filing bankruptcy can eliminate old taxes.  For those of you who got extensions on filing your 2017 tax returns, you just had to settle up with the IRS and the California Franchise Tax Board (FTB).  If you owe the IRS or FTB debts for old taxes, you can eliminate those debts with a chapter 7 […]