Foreclosures have slowed down this month across the nation not because people are staying current on their mortgages but because the banks are facing scrutiny over their foreclosure proceedings. This is really a big issue for states that use judicial foreclosure which California does not, but Californian’s are getting the…
Former Chips star Larry Wilcox file for Bankruptcy amid criminal charges brought by the SEC. This story was particularly interesting to me as Larry Wilcox was a bit of a hero to me as a kid and over the last 5 years I have been told that I look just…
If you have recently been sued or have a judgment against you its only a matter of time before a sheriff will be contacting your employer and levying your wages through a garnishment. In California a creditor can take 25% of your net wages. If you make under the median…
I recently had to answer a law suit filed by Chase on behalf of my client that we are doing debt negotiations on. The answering of the suit will likely buy us 3-4 months to make any payment and hopefully come up with a better offer then what they had…
I am predicting that the tide of bankruptcies will not be falling anytime soon based on the new numbers that came out in June 2010. Overall California’s unemployment rate decreased to 12.3% according to data that was released by the California unemployment development department. That’s a .1% decrease and a…
According to a yahoo finance article economic distress eased although unemployment ticked up and foreclosures likely only slowed down from banks delaying proceedings. Many banks foreclosure methods are being questioned as many banks through MERS are having standing issues in trying to foreclose as well as the affidavits that were…
Filing for bankruptcy is never an easy decision but if things are starting to get better for you economically but you are still mired in debt then there is no time like the present to get bankruptcy advice from a riverside county bankruptcy attorney. The type of bankruptcy you qualify…
Cramming down a car in a chapter 13 is a great way to save money and also reduce your disposable monthly income so that you have a cheaper plan payment. If your car is more than 910 days from when you financed it, then you can pay what the car…
Foreclosures will slow down throughout Country with recent developments but not so fast for California homeowners. While news of foreclosures slowing down based on banks and lawyers questionable methods is great news it won’t be helping Califonia homeowners as much as other states. California has non-judicial foreclosure which means that…
I was just reminded the other day by a client that had his Wells Fargo account frozen upon his filing the need to close out Wachovia or Wells Fargo accounts before you file. While it doesn’t affect your ability to keep your money typically, it can be a real pain…