Category Archives: bankruptcy

The Hazards of Debt Consolidation With LoanMe

In recent weeks, a lender based in California called LoanMe started flooding local radio stations with advertisements for debt consolidation loans. LoanMe offers unsecured personal loans up to $100,000 and unsecured business loan up to $250,000. Their commercials usually portray a house wife or business owner stressing over credit card debt, offering the appealing simplicity…

Fix the Hole First, Then Bail the Water

You’ve read in the past about signs that might warrant delaying a bankruptcy.  In this article, I want to focus more on unresolved addiction or behavioral issues. Sometimes you need to fix the hole in your boat before you can get rid of the water that’s in it. When I review a client’s matter for…

Putting Your Tax Refund To Good Use

For many bankruptcy attorneys, the first quarter of the year is often a busy time.  Getting out of debt is a popular New Year’s Resolution and bankruptcy attorneys often encourage clients to use their refunds to pay their legal fees for a bankruptcy filing. While doing some research for this article, I read a number…

5 Signs That You Should Wait to File Bankruptcy

A few years ago, I wrote an article called 5 Signs That It May Be Time to File Bankruptcy.  It proved to be very popular and a number of my colleagues requested permission to use in on their websites.  There are also instances when the timing of a bankruptcy filing is nearly as important as the…

The Hazards of Tribal Payday Loans

A few years ago, I appeared on a local news station to discuss the problems payday loans: The interest rates on payday loans can often reach 365% or more.  You can read more about the pitfalls of payday loans in this article that I wrote after doing the television interview. What I recently discovered is…

Bank of America Is Not Your Friend

Although this blog article could be about any lender that has offered a loan modification to a borrower, I’m going to pick on Bank of America because of what recently happened to a potential client.  The subheading for this article could also be “do not ignore important legal notices”.  Bank of America “wants to be…

Bankruptcy, Discharged Debt and 1099 Forms

In January and February of each year, employers, lenders and businesses send out tax forms to people that need them to file their tax returns.  You might receive receive a W-2 form showing how much money you earned from a job or maybe a 1098 form sent by your mortgage lender to show how much…

Can’t Afford Attorney Fees? You Might Have Legal Insurance.

One of the hardest things facing someone who needs to file for bankruptcy is figuring out how to pay for legal fees.  Sometimes people will pay their bankruptcy fees with a tax refund.  Some people save up the money that was going toward credit card minimum payments.  For still others, they might have access to…

Relax, Twinkies Aren’t Going Away Just Yet

Not long ago, as I was watching Christian High Patriots football team deliver a 56-3 pounding to their outmatched opponent, I noticed that a lot of people were posting about the bankruptcy of Hostess Brands.  Twinkie memorials and witty posts were popping up all over Facebook.  While Twinkies may be hard to find right now,…

New California Law Increases Paycheck Protection

People with low incomes that are facing wage garnishment to pay a debt can keep a little more of their paycheck beginning July 2013 thanks to the passage of Assembly Bill 1775.  AB 1775 provides a modest increase on the amount of wages that are exempt from a wage garnishment. Under the present law, someone…