by CMoran | Jul 15, 2013 | bankruptcy attorneys, business/corporate, debts in bankruptcy, General Issues, Miscellaneous
From the outside, it was obvious for several years that the business collapse meant the owner needed to file bankruptcy. A middle aged father, he was now working for wages after shutting down the business. He had a home with equity. Vendors and taxing authorities were...
by Mark J. Markus | Dec 21, 2012 | debts in bankruptcy, Fresh Start, General Issues, Miscellaneous
SORRY FOLKS, THE WORLD DIDN’T END IN 2012 Many (OK, some) believed that the correct interpretation of the Mayan calendar yielded the conclusion that the world was going to end on December 21, 2012. Depending on your point of view, this may be good news or bad...
by marthajackson | Mar 7, 2012 | Bankruptcy Law, debts in bankruptcy, Discharge Issues
Bankruptcy as an Option for Dealing With Debts If you are crushed under an insurmountable amount of debt, it can get your heart-rate up. Resolving economical issues is best executed through an extensive approach. One viable option that you might consider employing is...
by Mark J. Markus | Oct 18, 2011 | debt collection, debt consolidation, debts in bankruptcy
What Debt Collectors Won’t Tell You Anyone who has defaulted on a credit card or other debt has had to deal with harassing phone calls from debt collectors. Despite laws preventing it, these collectors will use intimidation, negative sales tactics and outright...
by Mark J. Markus | Oct 11, 2008 | Bankruptcy Law, debts in bankruptcy, Los Angeles BK Issues, means test
What Is The Bankruptcy Means Test? The means test in bankruptcy is not a test like you took in school based on your memory. The means test is a complex budget analysis created by Congress, supposedly to determine whether one has the ability (the means) to repay all...
by Mark J. Markus | Jul 8, 2008 | chapter 11, chapter 13, chapter 7, debts in bankruptcy, General Issues
How Much Debt Is Needed To File Bankruptcy in California? Is there a minimum amount of debt required to file a bankruptcy case? Over the years I’ve been asked many variations of this question from potential bankruptcy clients. Many think that there actually is...
