Bankruptcy

Many people who own homes in California can file Chapter 7 Bankruptcy without losing their home. This is mainly due to the generous exemption laws… Read More »Mortgage Lender Will Not Report Timely Payments After Filing Bankruptcy.

When you file bankruptcy there are many terms that have special meaning. For example, a bankruptcy lawyer firm is considered a “debt relief agency” if… Read More »Bankruptcy Definitions under 11 United States Code Section 101

Before discussing more about Chapter 7, let’s talk about your other debt relief options: (1) Continue to pay your debt.  Paying your debt off in full would be… Read More »Debt Relief Options

Debtors without legal representation can now make online payments On July 19, 2021, the United States Bankruptcy Court for the Central District of California announced… Read More »Online Payments – Central District CA US Bankruptcy Court

Section 523(a)(6) A bankruptcy discharge “does not discharge an individual debtor from any debt for willful and malicious injury by the debtor to another entity… Read More »Are Acts Resulting in Injury/Damages Dischargeable?

After completing a consultation with Tran bankruptcy Law, if you qualify for Chapter 7 bankruptcy, below is the step by step process to complete your… Read More »Outline of Basic Chapter 7 Bankruptcy Process

1) Stop Incurring Debt. This means you must stop using credit cards and/or taking out loans until your bankruptcyis complete and closed. In an emergency… Read More »Bankruptcy Preparation

Downloadable Version: Document Checklist How to Send Documents All requested documents are required prior to filing your bankruptcy petition. We prefer documents in PDF form.… Read More »Document Checklist and Bankruptcy Preparation

Will the Bankruptcy Trustee go after Child and Spousal Support arrears to pay my creditors? According to the U.S. Department of Health and Human Services’… Read More »Domestic Support (Child and Spousal Support) Obligations Arrears an Asset in Bankruptcy

Duty to Disclose When you file for protection under the bankruptcy code, you must disclose all assets, property, and money that you own at the… Read More »Is there a requirement to disclose gifts or assets received when filing bankruptcy?

Do I have to disclose cryptocurrency, gift cards, tax refunds, or property in a safe deposit box? The definition of an asset is anything that… Read More »What is an asset for Bankruptcy purposes?

Can I remove a second mortgage in Chapter 7? Unfortunately, a second mortgage cannot be removed in Chapter 7 bankruptcy. However, some liens can be… Read More »Remove Mortgage in Bankruptcy