Bankruptcy News

By Atty. Crispin Caday Lozano A good bankruptcy attorney will guide clients whether or not to reaffirm a secured debt.  There are considerations before a debtor would want to reaffirm a debt.  In a Chapter 7 bankruptcy, the debtor must submit to the court a schedule...

By Atty. Crispin Caday Lozano A good bankruptcy lawyer can help a lot to make bankruptcy filing less burdensome.  Handling it without an attorney will make it hard, expensive and very painful. Although Chapter 7 is the chapter under the Bankruptcy Code that most consumers file and...

By:  Crispin Caday Lozano Many people believe bankruptcy as a last resort to save an unsuccessful financial aspect of life.  However, financial problems necessitating bankruptcy are not the result of poor decisions. Sometimes people are not financially prepared for a major life change such as unemployment,...

By Atty. Crispin Caday Lozano When you file for Chapter 7 bankruptcy, the goal is to discharge of your debts.  The worst-case scenario is not only getting your case dismissed, but having it dismissed for abuse. The bankruptcy court can dismiss your case if it finds that...

By Atty. Crispin Caday Lozano If you are considering bankruptcy, here are some actions you can do to protect yourself and your assets. Actions you SHOULD DO: Take your situation seriously. Ignoring your financial trouble will not make it go away. Speak to a bankruptcy attorney as...

By Atty. Crispin Caday Lozano If you are near your retirement age, you must act now or else you will find yourself miserable during your "golden years" or retirement period.  Bankruptcy is a great financial planning tool for those who are within a few years from...

By Atty. Crispin Caday Lozano   When you file your bankruptcy papers, a bankruptcy estate is created that is administered by the trustee designated by the U.S. Department of Justice.  The trustee is the representative of all your creditors in the process. While the bankruptcy process...

By Atty. Crispin Caday Lozano   Your employment will not be affected if you file bankruptcy. One of the factors that keep professionals and employees from seriously considering bankruptcy is the fear of how it may impact their employment.  It is very important to know that the...

By:  Crispin Caday Lozano Many people believe bankruptcy as a last resort to save an unsuccessful financial aspect of life.  However, financial problems necessitating bankruptcy are not the result of poor decisions. Sometimes people are not financially prepared for a major life change such as unemployment,...

As soon as you file either Chapter 7 or Chapter 13 bankruptcy, the court issues an automatic stay. This prevents creditors and debt collectors from contacting you, putting a stop to all creditor harassment.   Q. What are the forms of harassment that debt collectors do? A....

By Atty. Crispin Caday Lozano IRS Tax Relief in Bankruptcy As we all know, tax debts can spiral out of control and lead to an IRS tax lien, wage garnishment, or even property seizure.  Most people mistakenly believe that taxes are never dischargeable in a bankruptcy. This...

By Atty. Crispin Caday Lozano If you are considering bankruptcy, here are some actions you can do to protect yourself and your assets. Actions you SHOULD DO: Take your situation seriously. Ignoring your financial trouble will not make it go away. Speak to a bankruptcy attorney as...

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