The latest bankruptcy advice and articles from the Attorney Referral Service of San Fernando Valley Bar Association.
Explore the benefits of bankruptcy and the differences between chapter 7, chapter 11, and chapter 13.
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Bankruptcy is a powerful tool for getting your finances back on track. There are two main types of bankruptcy: Chapter 7 and Chapter 13. Which one is right for you? Chapter 7 Bankruptcy Chapter 7 is also called “liquidation.” When you file under Chapter 7, the first step is to divide all of your assets […]
Sometimes, it’s just not possible to make ends meet. Unexpected expenses, illnesses, or changes in employment can wipe out even the most careful budget and leave us behind on our bills. Once that happens, it’s all too easy for the debt to pile up. And unless a lucky Powerball ticket turns up, it can be […]
Unfortunately, over the past few years in particular, many homeowners have had to deal with the always-dreaded “F” word – Foreclosure. This is a very difficult time for anyone, as it involves having to lose the asset you have worked so hard to get. While foreclosure is the only way that a lender can force […]