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Riverside County Bankruptcy Lawyer Blog

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Bankruptcy filings are increasing and will most likely top 2009 number of 1.4 million

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…

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Should I continue to pay on an underwater house or walk away and file bankruptcy

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…

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Riverside Small business bankruptcy skyrocket in 1st quarter of 2010

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…

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Failed loan modifications can be fixed in a chapter 13 bankruptcy

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.…

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