Law Office of Daniela Romero, APLC
Law Office of Daniela Romero, APLC, Bankruptcy Attorney who gets people out from under massive financial debt by either renegotiating, restructuring or releasing their debt. We assist with debt resolution, student loan, stop foreclosure, stop wage garnishment and tax debt issues and then we help you rebuild and repair your credit. Our firm also provides assistance at the Domestic Violence Project at the Los Angeles Superior Court in Pasadena, California. For more info, contact our Bankruptcy Attorneys where we make bankruptcy filing affordable for you to rebuild your credit for free. Start now and request a free consultation now!
What To Do To Avoid Bankruptcy Mistakes. Unemployment Affect Bankruptcy Filing. If you are financially struggling and dealing with debt problems, you might want to consider filing for bankruptcy.
An unemployed citizen in California may opt to file bankruptcy, which will help him or her have a fresh start by eliminating or reducing certain debts owed. Procedure to get Credit Card after Bankruptcy. Bankruptcies leave people with bad credit.
While improving your credit score and establishing credit to a potential lender might be challenging, it is not impossible. Even if you have a low credit score, there are certain things you can still do. This includes applying for a credit card after bankruptcy. While there are certain limitations on the credit cards you may apply for, it’s better than totally not being able to get one given your credit rating. Beware of Foreclosure Scams- Law Office of Daniela Romero, APLC. 2020 has been a difficult year for many of us, which has made money extra tight this holiday season.
This is especially true if you have fallen behind on your mortgage payments. If you are worried about foreclosure, you want to move quickly but also safely. We also want you to be armed with the most information possible, as there are those that prey upon people facing foreclosure. In fact, 9 individuals were recently indicted for this exact scam. So, we have some information to help you understand the foreclosure process and avoid scammers.
When Does Foreclosure Begin? This process typically begins after falling behind on mortgage payments. What is the Foreclosure Timeline? Once you receive a Notice of Default Recorded, the foreclosure timeline has officially begun. Fix your credit with Bankruptcy Attorney Pasadena, CA. If you decided to file for bankruptcy, repairing your credit afterward is probably one of your main concerns.
Having a bad credit report means having a score lower than 560 based on FICO’s scoring system. Record of bankruptcy, your payment history, utilization of credit, and a host of factors influence how fast you can regain your score. Below are five general steps you can take to begin credit rebuilding post-bankruptcy. Bad scores among borrowers’ are a consequence of having late payments, maxing out credit card limits, or having a property foreclosed. San Gabriel Valley Bankruptcy Attorney.
What are you waiting for?
Concerned about how much it will cost to file bankruptcy? Nervous about how bankruptcy will affect your credit? Whatever is holding you back, it is time to stop worrying and start taking control again. We can help you do just that, put you back in control of your financial future. So, request a free consultation now. 169. Don't Let Common Bankruptcy Myths Keep You From Your Financial Fresh Start! - Bankruptcy Attorney - Pasadena, CA. 169.
Don’t Let Common Bankruptcy Myths Keep You From Your Financial Fresh Start! The thought of bankruptcy can be scary, but if you need a fresh financial start, you want to be sure you go about it the right way. You may be holding off on speaking with a qualified bankruptcy attorney because of some commonly held myths. Common Myth: You will lose your house or your car if you file bankruptcy.Truth: Actually, bankruptcy can help you keep your house and your car. It can also stop a foreclosure, prevent a bank from repossessing vehicles and even get your car back if it has been repossessed. Basics of Bankruptcy Chapter 7 - Pasadena, CA Bankruptcy Attorney. In Chapter 7 bankruptcy cases, also known as liquidation bankruptcies, the court liquidates your nonexempt assets and distributes the proceeds to holders of claims in order to wipe out your debts.
This article provides the basic information you need to know in filing for bankruptcy under Chapter 7. Eligibility for Chapter 7 Bankruptcy Individuals, partnerships, or corporations may be qualified to file for bankruptcy under the bankruptcy code, regardless of the amount owed or whether the debtor is solvent or insolvent. In addition, individual debtors are subject to a means test, to determine if their Chapter 7 filing is presumptively abusive. 166. Will I Lose My Inheritance in Bankruptcy? - Bankruptcy Attorney - Pasadena, CA. Considering bankruptcy?
Do you believe that you will be receiving an inheritance? If so, there are important things to consider. How Does Bankruptcy Work If You Are Married? - Pasadena, California. If you are married and about to declare bankruptcy, you need to be aware of the additional set of legal options available to you as compared to individual debtors.
To avoid the unnecessary stress of filing a joint bankruptcy with your spouse, make sure to familiarize yourself with important facts about the bankruptcy process and flesh out the nuances of bankruptcy filings between individuals and married couples. Filing Bankruptcy in California The two most common types of personal bankruptcy filed by individuals in California courts are Chapter 7 or Chapter 13. In a Chapter 7 bankruptcy, otherwise known as liquidation bankruptcy, the debtor gives up almost all unprotected or nonexempt properties into a bankruptcy estate in exchange for having most debts wiped out.
Through a trustee, creditors will be paid off with the funds generated from the sales of assets. Automatic Stay Works in Chapter 7 or 13 Bankruptcy - Pasadena, CA. Filing bankruptcy is something you would normally not look forward to.
However, you might eventually see bankruptcy filing as the best way to deal with your financial problems and have a fresh start. If you are planning to declare bankruptcy, you need to look into the specifics of the different types of bankruptcy. You can consult a bankruptcy attorney to help you decide what is best for you. Chapter 7 and Chapter 13 bankruptcy are usually explored by people looking into bankruptcy protection. In this article, we will differentiate the two as specified in bankruptcy laws. What is Automatic Stay? 29. Is Tax Debt Dischargeable? - Bankruptcy Attorney - Pasadena, CA. It may be surprising to find out that there are certain scenarios where IRS tax debt can be discharged (eliminated).
Or, your tax debt can be managed through bankruptcy. This will depend on a combination of factors, including under what chapter of bankruptcy you file. You should consider the age of the taxes, the taxes’ date of assessment, the dates the required returns were filed and if you willfully attempted to evade tax payment by fraud. So, what are the requirements for a discharge of income taxes in bankruptcy? The minimum requirements for discharging federal or state income taxes are (all the following must be met): it has been more than 3 years since the returns were last DUE (including extensions) to be filed,the returns were timely filed or it has been at least 2 years since the returns were filed,there was no fraud involved or attempts to evade the tax, AND,the taxes were not assessed within the last 240 days.
110. Common Bankruptcy Mistakes to Avoid - Bankruptcy Attorney - Pasadena, CA. Coming to the decision to file for bankruptcy can be a difficult decision. No doubt you have weighed your options carefully before coming to this decision. We understand. 152. Can Filing Chapter 7 Bankruptcy For My Business Help Me? - Bankruptcy Attorney - Pasadena, CA. 152. Can Filing Chapter 7 Bankruptcy For My Business Help Me? During these uncertain times, you may be worrying about the best options for your business. Chapter 7 Bankruptcy- Bankruptcy Attorney - Pasadena, CA. If your company is in financial trouble, you may be weighing your options on the best way to proceed. When moving forward with a company liquidation through Chapter 7 Bankruptcy, you are probably wondering what will happen to your employees. First, you will want to make sure that you provide proper notice of mass layoffs or plant closings. The Workers Adjustment and Retraining Notification (WARN) Act states that 60 days’ notice should be provided for employees of a company with 100 or more employees.
If employees do not receive proper notification, they can file an additional claim for pay or benefits for the days in which they were not properly notified. Unpaid Wages & Vacation Pay: Any employees with unpaid wages will be treated as creditors. This is only if these were earned within 180 days of the bankruptcy filing or when the company stopped operating. If there are not enough funds to cover your employee claims, your employees may only receive a portion of their claim. Business Files for Bankruptcy. Pasadena Personal Injury Attorney - Pasadena Bankruptcy Attorney. Your Local Pasadena Personal Injury Attorney Our Pasadena personal injury attorney is your local option if you have been injured in an accident. We can help you get the treatment you need to recover physically from your injuries, and we’ll fight to get you the maximum amount of compensation you deserve.
Don’t settle with the insurance company and don’t trust your case to one of those mega-law firms that don’t care about you and will push you to take a fast settlement so that they can cash in on your pain. You are our friends and neighbors in Pasadena and the San Gabriel Valley, so we take your case personally. We will provide the highest quality personal injury representation with the care and attention you need and deserve. What kind of injuries can I receive compensation for in a California personal injury case? Daniela Romero, Pasadena Personal Injury Attorney Do you have a California personal injury case? Every California personal injury case is different. The answer is YES!