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Personal Bankruptcy: What Debts Can Be Discharged?

Personal Bankruptcy: What Debts Can Be Discharged?

Filing personal bankruptcy may seem frightening, but in many cases it is the best thing you could possibly do for your financial future. It can get you back on your feet and moving towards financial freedom. If you are facing overwhelming debt and considering bankruptcy as a...
Why Bankruptcy Is No Longer a Dirty Word

Why Bankruptcy Is No Longer a Dirty Word

In times gone by, the word “bankruptcy” may have been whispered secretively, if it was spoken at all, and not in polite company. There was a stigma attached to the word, and connotations of shame, irresponsibility, and defeat associated with it. Times have definitely changed, and...
Corporate Bankruptcy: Getting Back in the Black

Corporate Bankruptcy: Getting Back in the Black

When your business is in trouble, you are in trouble. You have worked hard for years, invested resources, energy, time, and attention, and the last thing you want is to see it all go down the drain because of financial difficulties. If you are dealing with the pressures of...
Bankruptcy Law: A Guide to Chapter 7, 11 and 13

Bankruptcy Law: A Guide to Chapter 7, 11 and 13

Bankruptcy is a legal process designed to give individuals, small business owners and large corporate entities relief from crushing debt. Debtors are allowed to retain most of their assets so long as they are statutorily exempt from seizure by the bankruptcy trustee to distribute...
Corporate Bankruptcy Attorney: Los Angeles Based American Apparel Files for Bankruptcy

Corporate Bankruptcy Attorney: Los Angeles Based American Apparel Files for Bankruptcy

Los Angeles Based American Apparel Files for Bankruptcy: October On October 5, 2015, American Apparel filed for Chapter 11 bankruptcy in Delaware, capping a 25 year run from wholesaler to controversial retailer of young American fashion. Whether American Apparel emerges from...
Debt Settlement Los Angeles: The Difference Between Debt Settlement and Bankruptcy

Debt Settlement Los Angeles: The Difference Between Debt Settlement and Bankruptcy

As a business owner, it is extremely discouraging to be on the brink of financial ruin. After all of the hard work, time, money and resources you have invested in your business, this can’t be the end, can it? Fortunately, it doesn’t have to be. Countless L.A. business owners have...
Pasadena Bankruptcy Law: Deadlines to be Aware of When Filing for Chapter 7 Bankruptcy

Pasadena Bankruptcy Law: Deadlines to be Aware of When Filing for Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a debt liquidation process where individuals, corporations or other business entities who have overwhelming debt seek relief from creditor claims while retaining assets or property that are exempt from seizure. You do have to qualify for Chapter 7 relief...
How to Delay Debt Payments When You File for Chapter 11 Bankruptcy

How to Delay Debt Payments When You File for Chapter 11 Bankruptcy

Individuals who start companies with little business experience often find themselves overextended or with poorly negotiated contracts that leave them reeling in debt. Managing debt, following proper accounting principles, and collecting on accounts are vital to keeping any...
Los Angeles Bankruptcy: Why 50 Cent Chose to File for Chapter 11 Bankruptcy

Los Angeles Bankruptcy: Why 50 Cent Chose to File for Chapter 11 Bankruptcy

Recently, Curtis James Jackson III, better known as the music , 50 Cent, filed for Chapter 11 bankruptcy protection. The move came after the entertainer was dinged for a $7 million dollar civil verdict in an invasion of privacy lawsuit brought by Lastonia Lewiston. Ms. Lewiston’s...
Debt Settlement Los Angeles: When You Should Contact an Attorney

Debt Settlement Los Angeles: When You Should Contact an Attorney

Debt settlement in Los Angeles Debt settlement in Los Angeles is as varied as the city itself. With that in mind, the stress of the financial situation can make many individuals and families too quickly choose an option that is ultimately wrong for them. Dealing with debt is...