Category: Bankruptcy

Rebuild Your Credit After Bankruptcy

It is common knowledge that filing for bankruptcy will damage your credit score.  What many people do not know is how to rebuild your credit after bankruptcy.  A bankruptcy can stay on your credit record for seven to ten years.  However, if you follow the steps I have outlined below, within about two years you […]

Bankruptcy & Your Credit Score

The current economy, along with the weak housing market has left millions of Americans subsidizing their incomes with their credit cards.  This is causing mounds of debt to be accrued for many people, with no way to get ahead financially.   It’s no surprise that the number of people filing for bankruptcy is up, and rising.  […]

Top 10 Bankruptcy Myths

Bankruptcy is a subject that many people discuss, but not many people really understand. Few people, aside from those who have filed before, know the true ins and outs of the bankruptcy process. Many times, urban myths about bankruptcy keep people from filing for bankruptcy due to the fear of what’s going to happen to […]

American Apparel Struggles to Avoid Bankruptcy

American Apparel is a popular apparel company based in Los Angeles, California. The retail-clothing distributor currently employs approximately 10,000 people globally, 5,000 of which are in Los Angeles. American Apparel operates more than 285 retail stores in 20 countries. They announced last week that in an effort to avoid declaring Chapter 11 bankruptcy, they are […]

How to file for Bankruptcy in California?

In these times of economic uncertainty, many Americans are rethinking their financial situations. Many have found themselves deeply in debt without the security of the job they had when they made their financial obligations. Any savings they had amassed in more prosperous times is now going to pay for the necessities while things like car […]

Can You Get a Loan Modification with a Chapter 7 Bk?

As a loan modification attorney and bankruptcy lawyer, many clients ask me: Can you get a loan modification with a chapter 7 bk? A bk chapter 7 (Chapter 7 Bankruptcy), will typically slow down the loan modification process, and often improves a borrowers chances of getting approved for a loan modification. Chapter 7 Bk and […]