Hard money loans do not deserve the seedy, or even criminal, reputation they have gained in the popular imagination. Though not ideal for all situations, they can provide specific advantages and are certainly not inherently predatory. There are a variety of common, if unexpected, situations that may require a business or individual to pursue timely […]
It’s a story that plays out all the time: People fall behind on credit card debts, can’t pay back collectors and find themselves in a situation where they are possibly facing a lawsuit. Studies show nearly 98% of all people who get sued for a credit card debt, take no action whatsoever. In doing so, […]
If you’re a Plaintiff in a civil matter, the ability to collect your judgment is probably the most important factor in deciding whether to invest in the litigation. There are steps that you can take to ensure that your stipulated judgments have a higher probability of surviving a bankruptcy by the Defendants. 11 U.S. Code […]
A recent bill (SB 308) introduced by Senator Bob Wieckowski in the California State Senate proposes major improvements to current bankruptcy exemptions which, if enacted, have the potential to impact many Californians. Of the many changes that the new bill proposes, the most significant change involves the homestead exemption. Currently, the law provides that a […]
One of the most prevalent misconceptions that people have about bankruptcy is that you cannot discharge tax debts under a Chapter 7 discharge. Chapter 7, the ‘liquidation’ bankruptcy, is the most common bankruptcy chapter and the one people most often assume when thinking of bankruptcy. You can, in fact, discharge income tax debts if they […]
1. What is Small Claims Court? Small Claims is a special court in the California judicial system where individuals represent themselves in order to resolve disputes quickly and inexpensively in a relatively informal setting. A main advantage of trying a case in Small Claims Court versus regular Superior Court is, in broad terms, Small Claims […]
A common question faced by attorneys, and one I get asked almost daily by potential clients, is should one party sue another party for a perceived wrong doing. The question often goes like this, “Ajay, So-and-So did me wrong, now I want to sue them. Can you help me?”
A Debtor filed Chapter 11 with another attorney. After numerous setbacks, Debtor came to us seeking advice. We substituted into the case and took the Chapter 11 Plan through confirmation within 6 months, a highly accelerated time frame given the status and complexity of the case. Shortly after substituting in, we filed all necessary initial motions, which were subsequently approved.