My husband lost his job and bills are overwhelming us!
QUESTION: My husband and I used to bring home about $7,000 per month. However, last year, my husband was terminated from work because of his injury. Friends say that we should sue the company for...
View ArticleChapter 13 bankruptcy and lien stripping of junior loans
QUESTION: My husband and I used to have good income. I am a nurse and my husband is an accountant. Last year my husband had been laid off because of the economic recession. Now, our combined income...
View ArticleFrequently asked questions regarding bankruptcy
QUESTION: What is the difference between bankruptcy under Chapter 7 and under Chapter 13? Answer: Chapter 7 Bankruptcy is often called "straight bankruptcy". It completely discharges all unsecured...
View ArticleI was laid off and about to be sued by my credit cards!
QUESTION: I was working as an assistant to a dentist in Beverly Hills. However, I was laid off because business was slow. At first, I was not worried because I have some savings and about 40,000 in my...
View ArticleMy husband lost his job and our mortgages are way above our income
QUESTION: My husband and I use to have a good income. Together we used to bring home about $7,000 per month. However, in 2007, we were lured into refinancing our house because everyone else was making...
View ArticleDirective for lenders to implement a Principal Loan Reduction under HAMP as...
HOMEOWNERS should know that the Home Affordable Modification Program (HAMP) came out with new guidelines, effective October 1, 2010 (Supplemental Directive 10-05). This new guideline offers reprieve to...
View Article‘I lost my second job and creditors are suing me’
QUESTION: I was working as an Certified Nursing Assistant at a facility in Cerritos and at a hospital in downtown Los Angeles. Six months ago, the nursing facility decided to cut my hours because...
View ArticleMy wife’s salary is being garnished and our house is being foreclosed upon!
QUESTION: Our creditors are at our door! My wife’s salary is being garnished by the State. Frankly, I’m at my wit’s end. It all started when I pulled out my 401K savings to start our own business. My...
View ArticleDrowning in debt and considering divorce
QUESTION: My wife and I are having problems with our finances. She is a nurse and brings home about $4,000 per month. While, I work in a real estate brokerage firm and brings home about $3,000....
View ArticleThe best time to seek the services of an Attorney is when you are not desperate
PROPERTY values of most houses in California have not yet gained momentum. In fact, a lot of homeowners have loans above the current market value of their homes. In real estate parlance, the property...
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