Personal bankruptcy rose 9% in July according to the Wall Street Journal. That is a anumber of close to 138,000 in one month leading me to believe that 2010 will be the highest number of filings in five years. 2009 saw 1.4 million people file and we are already at…
Everyday I have clients that wonder whether they should continue to make payments on a home that has lost so much value. I think you need to consider whether you are in an interest only loan and the payments will reset to something that is not affordable. The other consideration…
According to the new FTC Telemarketing Sales Rule debt relief companies who receive inbound calls are also now prevented from receiving up front fees until a debt is settled. Many debt settlement companies charge upwards of 15% and charge this before anything is paid to your creditors. Meanwhile your interest…
Hunt and Henriques seems very trigger happy to sue but not so diligent in taking care of their lawsuits. If you have been sued by Hunt and Henriques or recently received a summons, there are several options available. You can file a chapter 7 or chapter 13 bankruptcy. You can…
Chapter 13 has some powerful aspects that can really help people with financed vehicles. In a chapter 13 if you owe more on your vehicle than the current market value(blue book) then we can restructure your financing so that you pay on what the car is actually worth. This only…
Midland Funding is a big debt buyer and they typically buy deficiencies on cars that were repossessed, sold, or turned in. They buy the debt for 3 cents on the dollar and pay attorneys contingency fees to try to collect it. If you receive a law suit from them and…
Don’t allow a bank to foreclose on your home without first talking to a bankruptcy attorney. Foreclosure can come with huge tax consequences that could be eliminated in bankruptcy. When a mortgage is written off you can potentially get a deficiency judgment but there is also a likelihood of receiving…
Riverside and Sacramento metro areas had more small business bankruptcies then any other California localities according to a new article by Equifax. California led the U.S states in small business bankruptcies . This was a 15% increase from the last quarter. Small business throughout California are experiencing the impact from…
As a riverside bankruptcy attorney I have been getting more frequent calls from people who have been trying to work with their lender in getting a loan modification. In order to qualify for a loan modification lenders often tell home owners that they cannot be caught up with their payments.…
I have had more and more clients call me about Hunt and Henriques. Hunt and Henriques are one the biggest debt collectors for Citi in California. They have a few attorneys but a lot of collectors and are essentially a collection company posed as a law firm. They do file…