201801.02
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Your Pension in Bankruptcy in Santa Ana, California

By and large, Americans are spenders, not savers. Nowhere is this more clearly shown than in studies regarding the typical amount we have saved for retirement. An ever-shrinking minority, whether employed in the private or public sector, people have “defined benefit plans” (“pensions”) on which to rely. As for the rest, though, despite the creation…

201712.16
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Newlyweds and Bankruptcy

With couples tending to delay marriage until their late 20s and beyond, it has become common for them to bring existing financial and household assets to the relationship. The resulting decisions, while not always easy, tend to revolve around things such as whose furniture to keep and whether to open a joint bank account. Sometimes,…

201712.02
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I Have Debts and Little Income. My Spouse Has a Good Job. Should I file for Bankruptcy?

As is so often the case, the answer here is that “it depends”. Only an experienced bankruptcy lawyer can provide reliable advice regarding your options. Here, however, is some general information. Marital Debts and Marriage Trends Debts incurred during marriage, are most often owed “jointly and severally”. This means that the creditor can seek repayment…

201712.02
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Your Home in Chapter 13 Bankruptcy

The decision to file for bankruptcy is a significant and serious one, and should only be made with the advice of an experienced bankruptcy lawyer. For many homeowners, the most significant question is whether it is possible to remain in their homes once they have filed a bankruptcy petition. Whether a homeowner’s residence can be…

201711.16
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The Tools of the Trade Bankruptcy Exemption

You may know that so-called liquidation bankruptcy petitions under Chapter 7 of the Bankruptcy Code are available only to individuals whose income falls below certain specified limits. However, some individuals who are eligible to file under Chapter 7 nevertheless elect instead to file a Chapter 13 repayment petition. This can be an appropriate choice for…

201711.16
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Can I Keep My Disability Payments in Chapter 7 Bankruptcy?

An estimated 10 million American workers and their family members currently receive Social Security Disability Insurance (SSDI) benefits. As with Social Security retirement benefits, making ends meet on SSDI payments alone can be a struggle. The current average benefit is just a little over $1,000 per month. Recipients with significant debts may find themselves considering…