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When it comes to bankruptcy law, experience and relationships are paramount to a successful bankruptcy filing. Attorney Parisa ...

Recent Blog Posts

Is Bankruptcy a Threat to Your Retirement Accounts?

In recent years, debt has become an increasingly overwhelming problem for many Americans for a variety of reasons. Some financial troubles stem from the weakened economy, which caused high rates of unemployment. Other reasons include the high cost of divorce and subsequent maintenance of separate households, medical bills accrued from unanticipated health problems, and complications… Read More »

Tips for Bankruptcy Preparation

There are no easy answers to achieving debt relief. Every situation has a different solution. Before you decide to file for bankruptcy, consider your present needs and discuss your goals with a trusted Orange County bankruptcy attorney. Some financial transactions that initially seem innocuous may have severe consequences — you should become generally aware of… Read More »

The Role of the Bankruptcy Trustee

Another relatively unknown aspect of the bankruptcy process is the role and responsibilities of the bankruptcy trustee. The fundamental role of the bankruptcy trustee is to collect property and liquidate property belonging to the estate for which the trustee serves. The trustee collects payments and distributes them according to an approved Chapter 13 repayment plan…. Read More »

How to Get Financing after Losing Property to Repossession

While the rate of repossessions may be on the decline, there are still a number of people faced with the prospect. A creditor may repossess property, such as a car, boat, RV or motorcycle, if the property is used as collateral to secure a loan to purchase the property. Your contract must include terms for… Read More »

$3.2 Million Settlement Sends Clear Message – Stop Debt Collection Harassment

Creditors have a legal right to collect on the debts that people owe them. At the same time, if you owe a debt, certain federal and state laws protect you from creditors who harass you in the collection process. Unfortunately, creditor harassment is not uncommon. In fact, the Federal Trade Commission (FTC) receives numerous complaints… Read More »

Should You File for Bankruptcy On Your Own?

Filing for bankruptcy relief can have long term consequences on your family, property and possessions. A qualified lawyer can explain alternatives to bankruptcy that you should consider and, if you decide to file, what you can expect during the bankruptcy process. An experienced lawyer can help protect your legal rights. Yet, a number of financially-strapped… Read More »

You Know it’s Time to File for Bankruptcy When…

Living with debt has become the acceptable norm in our modern society. Nevertheless, the stress associated with accumulated debt can be unbearable. If you find that the piles of unpaid bills that you’ve been ignoring has grown substantially or that your phone rings incessantly from bill collectors, it may be time to try a different… Read More »

Can I Save My Property Through Reaffirmation if I File Chapter 7?

Despite the fact that bankruptcy may be a prudent or even the sole debt relief option, some consumers may feel reluctant to opt for bankruptcy. The emotional stress of debt can cause a debtor to doubt that there is hope of ever emerging out of the debt pool. Some may worry that bankruptcy will cause… Read More »

The Bankruptcy Means Test Requirement

In 2005, lawmakers introduced the bankruptcy means test as a way to reserve the bankruptcy process for those who genuinely need its debt protection. The means test was a drastic measure added to the bankruptcy filing requirements. Both advocates and filers expressed concerns that the stringency of the test would eliminate Chapter 7 as an… Read More »

Eliminating Tax Debt in Bankruptcy

Owing the IRS tax money is extremely stressful. It is common for Americans to accrue income tax debt. Yet, it is the most difficult type of debt to pay off. Under specific circumstances, the Bankruptcy Code permits the discharge of some income tax debt. Each Chapter treats tax debt elimination differently Liquidation of income taxes… Read More »