by Mark J. Markus | Nov 28, 2022 | Bankruptcy Law
I get frequent inquiries from Los Angeles Area small business owners wanting to file bankruptcy “on” their business. “I need to file bankruptcy because my business is failing”, they tell me. However, it is rarely necessary to file bankruptcy...
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...
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...
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...
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...
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...
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...
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...
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...
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...
