Recent Blog Posts
What Can and Can’t Be Repossessed by Creditors
One of the most alarming and disheartening parts of struggling with debt is the fear that your property may be taken from you. Foreclosure of your home and repossession of your personal property adds insult to injury, often making it more challenging to pay down debts on top of how demoralizing and affronting it feels… Read More »
Tips to Avoid Second Bankruptcy
Bankruptcy can work to resolve many of your debt problems, but it doesn’t solve everything. If it’s been a few years since your bankruptcy and debt is starting to creep back up, or if you are fresh from your bankruptcy and you are looking for good habits to avoid debt issues down the line, read… Read More »
Social Security and Bankruptcy
Supplemental Security Income (SSI) benefits and Social Security Disability insurance (SSDI) benefits are generally reserved for people who are unable to pay all of their bills without governmental assistance due to disability, age, or other reasons for limited income. Citizens who have worked for at least 10 years and are at least 62 years old… Read More »
How to Form an LLC in CA
An LLC, or limited liability company, is a standard business structure that affords protection from individual liability for business owners while offering the pass-through taxation enjoyed by sole proprietors or partnerships. It’s the perfect type of entity for many startup companies. To form an LLC, there are a number of legal hoops to jump through…. Read More »
Components of a Letter of Intent
A letter of intent (LOI) is a useful business document that records the terms discussed in negotiation for a particular transaction. In many cases, the LOI is meant to be a non-binding memorialization of the parties’ current position, to be followed by a final, binding agreement. Whether the LOI is meant to be binding or… Read More »
How Coronavirus Can Affect Your Bankruptcy
The COVID-19 coronavirus pandemic has led to significant economic hardship for millions of Americans. For many Americans already struggling with debt, the pandemic only made things worse. State and federal governments have offered some economic relief, however, in light of the pandemic, which might ease the burden even for debtors who were already in the… Read More »
What is a Charge-Off Debt?
Credit reports contain a variety of entries littered with legal and financial jargon. It can be difficult to know what each entry actually means, and what effect each entry has on your credit score. Many debtors who are struggling with payments discover that one of their debts has been converted into a “charge-off debt,” but… Read More »
Does Bankruptcy Clear Tax Debt?
Bankruptcy can be a vitally useful legal tool for consumers trying to get out from under crippling debt. Certain types of debts, however, can be more difficult to clear than others. How do state and federal taxes factor into a bankruptcy proceeding? Can they be discharged, or are they non-dischargeable in bankruptcy? Continue reading for… Read More »
How to Stop Wage Garnishment in California
Wage garnishment adds insult to injury when it comes to debt: A court order requires the debtor’s employer to withhold a portion of the debtor’s income and send it directly to the creditor. Debtors already struggling with debt lose the ability to even decide what to do with their paycheck. If you are facing wage… Read More »
Top Provisions to Include in Corporate Bylaws
California law requires corporations to establish and maintain a set of bylaws that dictate corporate governance. California does not require corporations to file these bylaws with the state, but they must be prepared and kept at either the executive offices or the corporation’s principal place of business. Below, we discuss some of the key provisions… Read More »