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Bankruptcy Blog

Bankruptcy Blog

  • Three Important Tips for Avoiding Probate

    || 9-Apr-2015

    We all know that the creation of a last will and testament is undoubtedly important – it allows your assets to be distributed in accordance to your wishes – and yet the steps taken to draft it are twice as important. If there is vagueness in the language of the will or if the intent of the property’s distribution seems unclear, someone may call the entire thing into question and ...
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  • Man Fakes Bankruptcy to Reduce Child Support, Faces 17 Years in Prison

    || 6-Mar-2014

    Bankruptcy is a federal process intended to help individuals find relief from debts that they can never repay – it is NOT meant to be abused for personal gain. One California businessman recently found this out the hard way after being busted by the FBI for bankruptcy fraud. The Backstory Gold River businessman Steven K. Zinnel and his wife divorced in 1999. The divorce was contested and ...
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  • San Bernardino Bankruptcy

    || 25-Nov-2013

    San Bernardino, a city located in Southern California, is currently in the process of a bankruptcy after having filed back in 2012. The city filed for Chapter 9 bankruptcy, also referred to as municipality bankruptcy. This form of bankruptcy is used for the reorganization of municipalities, such as cities, counties, school districts, etc. This week they will enter into mediation with their ...
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  • Do You Have to Have a Lawyer to File Bankruptcy?

    || 13-Aug-2013

    While it is required for corporations and partnerships to have an attorney to file for bankruptcy, the same does not go for individuals. In fact, it is totally legal and plausible for an individual to represent themselves in bankruptcy court as they seek to find a solution to their debt problems. It, however, is important to understand the difference between the words "could" and ...
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  • What is the FDCPA?

    || 19-Jun-2013

    The Fair Debt Collection Practices Act (FDCPA) is federal law which was enacted in 1978 to protect consumers and debtors from unfair, abusive, deceptive or harassing conduct at the hands of debt collectors. The FDCPA is part of the Consumer Credit Protection Act, and can be found in 15 U.S.C. §1692. According to the FDCPA debt collectors must adhere to certain regulations and collection ...
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  • How Will Bankruptcy Affect My Credit?

    || 12-Jun-2013

    If you are experiencing extreme financial stress due to financial matters and circumstances beyond your control, it may be time to consider bankruptcy or one of the various alternatives to bankruptcy. There are numerous factors which must be considered before filing for bankruptcy however. One of the key questions clients ask is "How will bankruptcy affect my credit?" In all honesty, ...
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  • Electric Car Company Files for Bankruptcy

    || 10-May-2013

    Advancements in technology can be seen just about everywhere, including in the cars that we drive. One of the breakthroughs in recent years is the electric car and technology regarding it has been sought due to benefits such as a reduced demand for oil and less impact on the environment. Many companies and inventors have taken action to make this idea a reality and electric cars have continued to ...
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  • Visual Effects Company Faces Bankruptcy

    || 13-Mar-2013

    VFX house Rhythm & Hues, located in Southern California has been recognized for its visual effects, even gaining numerous Academy Awards for its work. Its most recent award came just last month when they earned an Oscar for the work they did in the Life of Pi. Unfortunately, hard times have caused the company to face financial difficulty and they are dealing with a bankruptcy filing. Around ...
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  • Don't Let Your New Year's Resolution Slide

    || 11-Feb-2013

    For many people, the beginning of the New Year is also a new beginning in their lives. Many people attempt to start this next year off on the right foot. For a lot of individuals their hopes for change are in regard to their finances. Especially after the holidays it is a time when many people have had to pay for things they can't afford and are left further behind than when they went in to ...
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  • What to Look for In a Bankruptcy Attorney

    || 17-Jan-2013

    Your finances are a defining factor and when you become riddled with debt, you want a professional that can help you find the best resolution in a timely manner. That is why it is important that you know what you should be looking for in an attorney before proceeding. There are many lawyers out there that will claim they can help, but they offer little more than empty words and unsatisfying ...
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  • Understanding the Servicemembers' Civil Relief Act

    || 24-Dec-2012

    Debt can be overcoming for anyone, including members of the military. Although this is a facet of bankruptcy law that is often overlooked, members of the military service are just as in need of legal representation as are all other law abiding citizens of our country. Therefore, we will take this time to further explain the Servicemembers' Civil Relief Act, which from here on out, shall be ...
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  • After the Holidays, What Will Your Debts Look Like?

    || 21-Dec-2012

    Overspending and exceptional credit card use can be a recipe for disaster, especially when it leads to overwhelming debt that cannot be met by timely financial payments. This is a problem that is faced by many Americans throughout the country, and during the holidays, it often presents as an increasing problem. One after another – Halloween, Thanksgiving, Hanukah, Christmas, New Years, and ...
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  • Chapter 11 Bankruptcy: How it Works

    || 19-Dec-2012

    Reorganization under the Bankruptcy Code is more commonly referred to as Chapter 11 bankruptcy. Generally, this chapter of the Bankruptcy Code is reserved for corporations and partnerships, but individuals may seek debt relief in this way as well. This type of bankruptcy is usually initiated by a debtor who offers a plan that proposes reorganization as a means for keeping a struggling business ...
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  • Learn More About Your Trusted Irvine Bankruptcy Attorneys

    || 18-Dec-2012

    Financial struggles can be named among some of the most stressful experiences individuals and families can ever go through. Whether it is extensive medical bills that caused you to go into debt, losing your job or just spending money you didn't have, every person deserves a second chance. At Peter Rasla & Associates, P.L.C. , we are committed to helping clients get their life back on track ...
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  • Reaffirmation Agreements in Bankruptcy

    || 31-Mar-2012

    Reaffirmation Agreements in Bankruptcy: What is a Reaffirmation Agreement in bankruptcy? A person that files for a bankruptcy is called a debtor. If a debtor in bankruptcy has a car with a car loan secured by the car, the bank, finance company, or a credit union that holds that car loan, will ask that the debtor signs the car loan again as the debtor is emerging out of bankruptcy. This makes the ...
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  • Pro Bono (free) help

    || 20-Mar-2012

    On Friday, March 23, 2012, attorney Peter Rasla will participate in a free bankruptcy clinic at the federal courthouse in Santa Ana at 411 W 4th St Santa Ana, CA 92701. The clinic takes place at the clerk's office on the second floor. If you need services of a bankrutpcy attorney and simply cannot afford one, this is a great place to get legal advice on how to prepare and file your petition. ...
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  • Welcome to our Bankruptcy Blog

    || 26-Jan-2012

    We are pleased to announce the launch of our Irvine Bankruptcy Law Blog. You can subscribe to our RSS feed by clicking here.
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