Blog Posts in February, 2012

What Happens to Attorney Fees When I File Bankruptcy?

In your lifetime, you may incur debts related to legal services. In other words, you will probably end up owing one attorney a lot of money. So the question is then whether you can discharge attorney ...
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Average American Owes $78,000 in Debt

According to a recent study by Experian, the average American carries about $78,030.00 in debt. Here is the debt breakdown by age: U.S. debt and credit scores Generation Debt Credit Score Greatest ...
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OC Property Management Firm Grubb & Ellis Files for Bankruptcy

Grubb & Ellis, a commerical real estate managment firm based in Santa Ana has filed for Chapter 11 Bankruptcy. The bankruptcy filing in the Souther District of New York listed the companies assets ...
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Who Will Know about My Bankruptcy?

The first answer to this question would be your creditors. That is because your creditors are entitled to finding out and will receive notice from the Bankruptcy court. Your employer can also find out ...
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Does Filing for Bankruptcy Affect My Immigration Status or Citizenship Application?

If you are an immigrant who is considering filing for bankruptcy, you may be concerned about how bankruptcy will affect your immigration status in the United States. Fortunately, you don't have ...
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Positive Outlook Expected for California Economy

Los Angeles County Economic Development Corp release its annual report forecasting moderate economic growth for the state of California. Over the next two years, California is expected to add nearly ...
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Will Bankruptcy Stop Eviction from Your Apartment?

The answer depends on where your eviction case is at. If your landlord has not taken you to court yet and does not have a "judgment for possession" against you, the landlord cannot proceed ...
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California Mortgage Settlement $6 Billion Less than Claimed

On February 9, California Attorney General Kamala Harris announced that California was going to receive $18 billion from mortgage lenders as part of the landmark settlement reached with the federal ...
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January 2012 California Foreclosure Report

For this past month of January 2012, Notice of Defaults (initiating the foreclosure process) was up 15.5% from December 2011. Notice of Sale dates (final notice before the house is sold) was down ...
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Califorina Leads the Nation in Underemployment

The job outlook in California remains bleak as California is tied with 4 other states for the highest rate of underemployment, which was 21%-24%. Underemployment rates calculate people who are ...
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Can I Get Student Loans after Filing for Bankruptcy?

Yes! You can still get student loans after filing for bankrutpcy. However, whether you will get the financial aid depends on who the lender is. You can still qualify for federal student loans because ...
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Gary Busey Files for Chapter 7 Bankruptcy

Movie actor Gary Busey has recently filed for Chapter 7 bankruptcy. According to his filing, his assets are less than $50,000 and his liabilites are between $500,000-$1,000,000. Some of his creditors ...
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Student Loans and Bankruptcy-Changes on the Horizon?

Student loan debt is at an all-time high, a number that is expected to hit $1 trillion dollars this year (thats $1,000,000,000,000!!!!). With the job market the way it is, many people with high ...
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Foreclosure Relief Settlement- $26 Billion Dollars!

Today the US Attorney General annouced a settlement of $26 billions dollars with Bank of America, Wells Fargo, Chase, Citigroup, and Ally Financial. The settlement is in response to charges against ...
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Credit Unions vs. Banks

When opening up a new banking account, people should definitely consider going with a credit union instead of a traditional bank. Credit unions offer services similar to traditional banks. The main ...
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What happens to my credit after I file for bankruptcy?

After filing for bankruptcy, your credit score is going to take a hit. Rebuilding your credit will also take a few years. It is also true that a bankruptcy can appear on your credit report for up to ...
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Orange County Bankruptcies Fall for 2011

In 2011, the total number of bankruptcy filings for Orange County was 18,372. This number was actually down from 18,863 bankruptcies filed in 2010. Though total filings were down, it should be noted ...
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January 2012 Job Report

The unemployment rate rose to 8.6% for the month of January, as compared to 8.5% for the month of December. However, the 8.6% is down from 9.9% for January 2011 and 10.9% for January 2010. Job cuts ...
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Can I keep my Tax Refund if I file for Bankruptcy?

Many people who are considering filing for bankruptcy worry about what will happen to their anticipated tax refund. The answer depends on when you received your tax refund-before or after filing for ...
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