Author Archives: markaalam

Are you considering filing bankruptcy in San Diego for a vehicle repossession?  If you had your car or truck repossessed, chances are your car loan lender sold the car or truck for auction value, which is usually way less than … Read More

If you have military security clearance in San Diego or an assignment to a sensitive position in the Navy or other branch of the armed forces, you must maintain your finances responsibly, either paying your debts or filing bankruptcy so … Read More

When you file bankruptcy in San Diego, treatment of stocks turns mainly upon the type of account in which your stocks are held.  The type of account is important because retirement accounts are much more protected in bankruptcy that are … Read More

Most people assume that because bankruptcy will stop a lawsuit, it will stop an eviction lawsuit as well.  Filing bankruptcy will stop an eviction in San Diego, but only temporarily.

If you are on the verge of having to declare bankruptcy, you may have considered debt consolidation as an option. Debt consolidation consists of taking out one loan to pay off your existing loans. You will usually be able to … Read More

If your home mortgage payments are so high that you cannot afford to keep your home, you can try to ask your lender to modify your loan.  Colloquially, this is referred to as asking your lender for a “loan mod,” … Read More

Bankruptcy is one of your constitutional rights that you exercise by filing a legal proceeding to eliminate all of your debts that you are able eliminate under bankruptcy law.  Most people file bankruptcy in San Diego under Chapter 7 and … Read More

Inheritance is a tricky issue in bankruptcy cases. Treatment of inheritance in bankruptcy in San Diego depends on how much you receive as inheritance and when you receive it.  Since you don't always know exactly when you are going to receive an inheritance, you'll need … Read More

When you are sued and handed credit card lawsuit papers, there will be a summons that will state how long you have to respond to the lawsuit.  In San Diego, California, credit card lawsuits are usually served with a summons … Read More

A general rule of thumb to use in determining if you can pass the bankruptcy Means Test is that if you if you are under median you pass, and if you are over median, you fail.  But this is just … Read More

Buying a car for cash (without a loan) usually will not pose any problem for your bankruptcy filing, provided that the value of the car is covered by your applicable bankruptcy exemptions.  However, when you take out a loan to … Read More

Online bankruptcy filing in San Diego refers to filing bankruptcy through the internet as opposed to walking into the San Diego bankruptcy court and handing the court clerk a stack of papers and documents that is required for filing a bankruptcy.

When you file bankruptcy, it becomes part of the public record, but not in the way that many people may think. When you file bankruptcy in San Diego, it is not typically published in the newspaper (unless for some reason … Read More

Today I spoke to a new client who just got sued by a credit card company and sounded like she was in tears because, she said, she cannot afford to file bankruptcy in San Diego.

With HOA lawsuits on the rise, I frequently get a call from a new client asking, do I have to pay HOA fees after bankruptcy?  When you file for bankruptcy, all homeowner association (HOA) fees that were due up until … Read More

Bankruptcy is your Federal legal right and your given to you by our founding fathers and guaranteed by the constitution.  There is simply no shame or guilt to feel about exercising your legal and constitutional right.

Some clients just make too much money to file bankruptcy, or, more precisely, to file a Chapter 7 bankruptcy and eliminate all of their debts.  If you are a high income earner, you may actually make too much money to … Read More

A report has recently been released by various newspapers sources stating that bankruptcy filings are down about 8% for the time period covering the first 6 months of 2011, as compared to the same period in 2010.

In my blog entitled Our Bankrupt Presidents, I mentioned four U.S. Presidents whose faces grace our money and have all declared at some point that they were bankrupt.  It’s not just our U.S. Presidents who have had money troubles.

The bankruptcy laws are designed to give the honest debtor (someone who has filed bankruptcy) a fresh start.  As your bankruptcy lawyer will explain to you, there are severe sanctions for failing to honestly disclose all of your assets, liabilities, income, … Read More

Why are lenders increasing foreclosures rates, and filing more and more lawsuits, forcing borrowers into bankruptcy, now that TARP funds are gone?

It's no secret that television bankruptcy commercials are an expensive form of advertising relative to other types of ads.  This is one main reason why you see so few attorney bankruptcy commercials on TV in San Diego.  Are there good bankruptcy … Read More

When you file bankruptcy in San Diego, you must fully disclose all of your finances.  This includes the requirement that you have to disclose all assets when you file bankruptcy, along with disclosing all of your debts, income and expenses.

If you are a business owner then continued operation of your business is your livelihood.  You may need to file bankruptcy in San Diego, but if it means giving up your business then bankruptcy is not an option.

Many people are under the mistaken belief that you have to give up your home, your car, and other belongings when you file bankruptcy.

Often times I am asked by a new client who has filed bankruptcy before, "can I file bankruptcy twice?"  First, I always start by explaining to my clients that the bankruptcy law does not necessarily place a limit on how … Read More

Erasing your debts and starting over financially can be very appealing when you’ve been struggling with bills and averting creditors for years. Anyone considering bankruptcy should be aware of the pros and cons of filing or not filing before making … Read More

Do you need to file bankruptcy San Diego, but are worried about what people may think?  Bankruptcy is a positive solution and after declaring bankruptcy you can enjoy continued success and continue doing great things.

Welcome to the Bankruptcy Legal Center San Diego bankruptcy law blog, where you will find commentary on important legal issues in San Diego bankruptcy law.