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Small Business Bankruptcy Chapter 7 in California When To File

by Mark J. Markus | Nov 28, 2022 | Bankruptcy Law

One of the most frequent inquiries I get are from my Los Angeles Area small business owners wanting to file bankruptcy “on” their businesses. “I need to file bankruptcy because my business is failing”, they tell me. However, it is rarely...

Can I Discharge My SBA EIDL Loan if I File Bankruptcy in CA?

by Mark J. Markus | Oct 2, 2022 | Bankruptcy Law

During the Covid-19 pandemic, many businesses took out low interest loans from the U.S. Small Business Administration (SBA). These Economic Injury Disaster Loans (“EIDLs”) were unsecured for amounts under $25,000. Those above $25,000 took a security...

How Chapter 13 Bankruptcy Can Save Your Home in Los Angeles

by Mark J. Markus | Sep 15, 2022 | Bankruptcy Law

Chapter 13 Stops Foreclosure Sales in California There are many things people do to try and save their homes from foreclosure in California. My Los Angeles area clients have tried  loan modifications and other loan programs. But the clock ticks on foreclosure sales...

Do You Get Out Of All Debts if You Declare Bankruptcy?

by Mark J. Markus | Aug 29, 2022 | Bankruptcy Law

Debts That Can Be Discharged or Erased in Bankruptcy Which debts you can get out of or, more correctly, discharge in bankruptcy, is difficult for many to understand. Your really need an experienced bankruptcy attorney to determine whether you can eliminate a...

What are the Downsides To Filing Bankruptcy in California?

by Mark J. Markus | Aug 26, 2022 | Bankruptcy Law

Many would rather plummet to their death from an asteroid before considering a bankruptcy filing. It is believed by the public that there are many downsides to filing bankruptcy.  The truth, however, is that the downsides are not that big and, for some of them, they...

What Is The Bankruptcy Lookback Period in California? 6 Months? 90 Days? 1 Year?

by Mark J. Markus | Apr 28, 2022 | Bankruptcy Law

People often ask about “lookback” periods in bankruptcy. What are they? While the word lookback is not mentioned anywhere in the Bankruptcy Code, Bankruptcy has several different lookback periods which people often refer to regarding a case. I will discuss...

How Can Bankruptcy Save My Home From Foreclosure in California?

by Mark J. Markus | Apr 20, 2022 | Bankruptcy Law

Are you facing a foreclosure on your home or property? The California Foreclosure Process Most foreclosures in California are “non-judicial”, meaning they are done without involving courts. They are done based on the contract signed for the security...

What Happens To Assets And Property In Chapter 13 Bankruptcy Cases?

by Mark J. Markus | Mar 21, 2022 | Bankruptcy Law

A big concern people rightfully have when filing a bankruptcy case is whether they can keep their house, cars, savings, and other assets. In a Chapter 7 case, a Trustee is appointed to sell or liquidate any assets which are not exempt under applicable laws. In most...

Bankruptcy Help With Cryptocurrency Romance Scams And Debts

by Mark J. Markus | Jan 26, 2022 | Bankruptcy Law

The Crypto Romance Scam There is a new twist on an old scam going around in California and across the country, and it is affecting young and old. Romance scams are nothing new. A charming suitor gains your trust, and heart, and then gets you to send them money. This...

Debts That Are Not Discharged In Bankruptcy Mark J. Markus Attorney

by Mark J. Markus | Dec 15, 2021 | Bankruptcy Law

Most Debts Are Discharged In Bankruptcy The principal reason for filing bankruptcy is to obtain a discharge of the obligation to pay on your debts. Most debts can be discharged in bankruptcy, but not all of them. Some are automatically not discharged, while others...
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California Bankruptcy Attorney Certified Specialist in bankruptcy law handling exclusively bankruptcy cases since 1991 in Chapter 7, Chapter 11, and Chapter 13. Representation of debtors and creditors in bankruptcy.
This firm is a federally qualified debt relief agency and, among other things, helps people file for bankruptcy relief under the Bankruptcy Code.

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This website should not be construed as the giving of legal advice or the formation of an attorney-client relationship. Results of a case will vary based on the facts, circumstances, and legal issues involved. All cases must be properly reviewed prior to determining applicable law and likely conclusions. Attorney Mark J. Markus is responsible for the content of this website.
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