Call us today: (888) 501-0513

DCDM Law Group logo
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...
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...
Detroit's Recovery After the Largest Municipal Bankruptcy Filing in History

Detroit’s Recovery After the Largest Municipal Bankruptcy Filing in History

When any city or municipality files for bankruptcy, it can raise eyebrows within the state since we expect our local governments to operate somewhat efficiently. But when a major metropolitan entity like Detroit files, the entire country takes note and experts argue and search...
Rebuilding Your Credit After Chapter 7 and Chapter 13 Bankruptcy

Rebuilding Your Credit After Chapter 7 and Chapter 13 Bankruptcy

The stock market crash of 2008 affected over 50% of Americans, and left at least 10% of Americans unemployed. Don’t be ashamed if you are one of the many Americans still affected by the recession. In these difficult times, it is not surprising if you find yourself unable to meet...
Why so many Solar Companies Are Going Bankrupt

Why so many Solar Companies Are Going Bankrupt

Tesla founder Elon Musk recently unveiled a new system of batteries for businesses and homes that he claims will “fundamentally change the way the world uses energy.” The solar industry of tomorrow has indeed seen a big launch in the 21st Century, and big companies like SolarCity...
When Should I File for Bankruptcy? A Checklist

When Should I File for Bankruptcy? A Checklist

Bankruptcy is not a first option if you are facing severe financial difficulties. Before you consider filing, make a list of your debts, amounts owed and monthly payments and see which accounts can be paid off first before concentrating on the others. You might try asking your...
Can Creditors Still Come After You If You File for Bankruptcy?

Can Creditors Still Come After You If You File for Bankruptcy?

The major reason companies and individuals file for bankruptcy is because of the fear of losing assets if they are sued and a judgment is entered against them. Once you file for bankruptcy protection under a Chapter 7, 11 or 13, however, your creditors are subject to an automatic...
bills piling up at my small business

Bankruptcy Options for Small Businesses

Small businesses form the backbone of our economy, providing more jobs than the behemoth corporations. At times, though, a small enterprise finds itself in trouble and is unable to pay its creditors or is being forced to scale back operations. For some, bankruptcy protection may...
property exemptions under state laws

Property Exemptions Under Various State Laws

Federal law allows debtors to use state rather than federal exemptions when filing for bankruptcy protection but it does allow states to opt out and require that debtors filing in its state be limited to the state exemptions. Sixteen states allow debtors who are filing for...
12