Bankruptcy

Daniel Rodriguez

Jul 25
1 min

The common signs a business might go bankrupt

Early indicators of potential bankruptcy High debt, low cash flow: When a business has a lot of debt and needs more money coming in, it...

Daniel Rodriguez

Jul 5
1 min

What are adversary proceedings?

What situations call for adversary proceedings? According to FRBP 7001, the following circumstances could necessitate adversary...

Daniel Rodriguez

Jun 26
1 min

Common myths related to bankruptcy

Do both partners in a marriage have to file? One of the most common myths that surround the institution of bankruptcy is that both...

Daniel Rodriguez

Jun 20
1 min

Can debtors be victims of fraud in a bankruptcy case?

Concealing assets Making fraudulent property transfers Stating false or inaccurate information under oath Filing fraudulent proofs of...

Daniel Rodriguez

Jun 19
2 min

Are HOA fees discharged under bankruptcy?

Chapter 7 versus Chapter 11 Part of the determination of whether or not all your debt will be discharged under bankruptcy is whether you...

Daniel Rodriguez

Jun 16
2 min

Is paying off debt possible if I’m living paycheck to paycheck?

Control your spending habits to avoid going deeper into debt If you have a habit of swiping your credit card for every purchase, put it...

Daniel Rodriguez

Jun 5
2 min

Consequences of defaulting on a business loan

Business loan default, defined A business loan default happens when you fail to make the loan payments for a certain period, which may...

Daniel Rodriguez

May 25
1 min

Protecting tax returns during bankruptcy

Tax refunds during bankruptcy In both Chapter 7 and Chapter 13 bankruptcies, the courts consider tax refunds as assets, regardless of...

Daniel Rodriguez

May 21
1 min

Weighing the pros and cons of a prepackaged bankruptcy

Benefits A prepackaged bankruptcy would decrease the amount of time that it takes to go through a Chapter 11 bankruptcy. It also helps...

Daniel Rodriguez

May 10
1 min

How your employer's bankruptcy affects your insurance coverage

Chapter 7 bankruptcy If your employer files for Chapter 7 bankruptcy, you no longer have any insurance coverage through them. If you have...

Daniel Rodriguez

May 8
1 min

Points to understand about bankruptcy

Facts About Bankruptcy Bankruptcy laws cover many different elements, and the average person would doubtfully know the law inside and...

Daniel Rodriguez

Apr 27
1 min

When money troubles get out of control

Choosing the chapter Chapter 7 represents a majority of filings and can discharge most personal debts. However, property may be seized or...

Daniel Rodriguez

Apr 26
1 min

How pre-negotiated arrangements can protect California businesses

The basics of a quick rinse bankruptcy Financial experts began discussing quick rinse bankruptcies at the end of the 2008 global fiscal...

Daniel Rodriguez

Apr 13
1 min

Facts you need to know about Chapter 7 Section 341 meetings

What happens during a Section 341 meeting? The creditors you listed when filing for Chapter 7 bankruptcy will be invited to the Section...

Daniel Rodriguez

Apr 9
1 min

Why you need a bankruptcy certificate

You must find an approved course provider The bankruptcy certificate verifies that you have taken a debtor education and credit...

Daniel Rodriguez

Mar 1
1 min

Paying off a Chapter 13 bankruptcy early

Pay 100% of all claims The first way to get out of Chapter 13 bankruptcy early is to pay off all the claims against you. This includes...

Daniel Rodriguez

Feb 1
1 min

5 strategies for rebuilding your credit score after bankruptcy

Practice good habits. Paying your bills on time consistently and keeping your credit card balance low can start making a difference right...

Daniel Rodriguez

Jan 27
2 min

How to get a home loan after bankruptcy

Understanding the type of bankruptcy The first step in getting a home loan after bankruptcy is to understand the type of bankruptcy you...

Daniel Rodriguez

Jan 4
1 min

Chapter 7 and Chapter 13 - the differences

Chapter 7 vs. Chapter 13 Chapter 7 involves liquidating assets to pay creditors. That means debts that are not exempt are sold to cover...

Daniel Rodriguez

Dec 21, 2022
2 min

What should California businesses know about bankruptcy?

Chapter 7 bankruptcy Both businesses and individuals file Chapter 7 bankruptcy. Chapter 7 allows for the liquidation of your debts and...