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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...
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...
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...
Determining the Right Type of Debt Relief for Your Los Angeles Business

Determining the Right Type of Bankruptcy Relief for Your Los Angeles Business

It takes money to make money is a popular phrase in the business world, but when the second half of that saying is not coming true when it needs to happen, it might be time to think about debt relief options. Bankruptcy might be the answer you are looking for. The Truth About Los...
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...
Discharging Debts by Filing for Chapter 7 Bankruptcy

Discharging Debts by Filing for Chapter 7 Bankruptcy

Mark Twain (1894), Francis Ford Coppola (1990), Walt Disney (1923), Ulysses S. Grant (1884, after office), Larry King (1978), Stan Lee (2001), Tom Petty (1979), Mickey Rooney (1962). What do all of these successful celebrities have in common? They each filed for bankruptcy and it...
What Happens to My Company if It Makes No Money?

What Happens to My Company if It Makes No Money?

Making money for your business is, of course, the goal of any company; otherwise, why go into business at all? But many companies struggle in their first year or two of existence until their marketing efforts begin to pay off and customers come to appreciate their product or...
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