Removing a Judgment Lien in Bankruptcy

Removing a Judgment Lien in Bankruptcy

Introduction to Removing a Judgment Lien At The Law Offices of Chen & Tran, we have ran into numerous situations where a creditor files a lawsuit, obtains a judgment and puts a judgment lien on a client’s home.  Moreover a number of clients have come to us after they already filed bankruptcy and received a
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Will Bankruptcy Wipe Out All of My Debt

Will Bankruptcy Wipe Out All of My Debt

Debt that Cant Be Discharged in Bankruptcy Chapter 7 bankruptcy will wipe out all of your debt. However, there are exceptions. Bankruptcy in most cases will not get rid of the following debt: Debts resulting from fraud This includes knowingly giving false information to a credit card company, loan company and other creditors, especially if
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Can Tax Debt be Discharged in Bankruptcy

Can Tax Debt be Discharged in Bankruptcy

Taxes and Bankruptcy Taxes are generally not dischargeable, however, there is an exception. Taxes can be discharged if the following rules are met: a) The due date for filing a tax return is at least three years ago. b) The tax return was filed at least two years ago. c) The tax assessment is at
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Judgments, Lawsuits and Bankruptcy

Judgments, Lawsuits and Bankruptcy

Many people get sued by credit card companies, banks and creditors every day.   In most of these cases, the creditor will win.  First, the person who owes the debt, the debtor, cannot afford to fight the lawsuit.  Secondly, the debtor does owe the debt.  The question is what your options are if you cannot afford
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Debt, Creditors and the Servicemember’s Civil Relief Act

Debt, Creditors and the Servicemember’s Civil Relief Act

If you are a member of the United States Armed Forces and have outstanding debt, the Servicemember’s Civil Relief Act (SCRA) provides you with certain protections against your creditors. The SCRA was signed into federal law by President Bush on 19 December 2003.  It was a complete revision of the Soldiers’ and Sailors’ Civil Relief
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Vehicles, Cars and Bankruptcy

Vehicles, Cars and Bankruptcy

What Happens to Your Vehicle in Bankruptcy Residents of Southern California know and understand how indispensable their car is to their livelihood. They need a car to commute to work and to buy groceries. Life becomes exponentially more difficult without some mode of transportation. One of the most common questions we get is whether debtors
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Orange County Chapter 7 Bankruptcy Attorney

Orange County Chapter 7 Bankruptcy Attorney

Bankruptcy Attorneys in Orange County, Los Angeles and Riverside Our bankruptcy attorneys and lawyers at Orange County bankruptcy attorneys primarily focus our practice on Chapter 7 bankruptcy cases in Orange County, Los Angeles and Riverside.  Between Michael Chen and me, Rex Tran, we have filed over 600 Chapter 7 cases combined. Headquarters in Santa Ana,
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Home Loan Modifications – Lifestyle, Debt and Bankruptcy

Home Loan Modifications – Lifestyle, Debt and Bankruptcy

Home Loan Modifications In many circumstances people who need a loan modification also need to file bankruptcy. The reason is simple.  If a person can’t afford their home, it is probably because they have other debt they can’t afford as well.  This person needs to file both bankruptcy and get a loan modification to afford
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Overview of Chapter 7 Liquidation

Overview of Chapter 7 Liquidation

Chapter 7 Liquidation A Chapter 7 bankruptcy is commonly known as a “liquidation” bankruptcy, whereby the Trustee sells the debtor’s nonexempt property and distributes the sale proceeds to the creditors. It is one of the more common ways that individual consumers seek relief from their legal obligation to repay their debts. Qualifying for Chapter 7
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The Chapter 7 Bankruptcy Discharge

The Chapter 7 Bankruptcy Discharge

Bankruptcy Discharge The ultimate goal of filing a Chapter 7 bankruptcy is to receive a discharge of your debts. While the procedures and processes involved in a bankruptcy filing can be complex and puzzling, the discharge itself is actually a pretty straightforward concept. Specifically, a discharge releases a debtor from personal liability for certain specified
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