In a nutshell, the bankruptcy means test determines whether you're eligible to file for Chapter 7 bankruptcy. Like most things in life, however, it's not that simple—the means test factors in a couple underlying "tests" to determine your ultimate eligibility. The underlying factors include things [...]
According to data collected from the 2019 U.S. Census, Americans are in debt by an average of $90,460. Gen Xers have the highest amount of debt at an average of $135,84. Gen Z, which only comprises ages 18-23 in terms of their ability to obtain [...]
An August 2020 survey by the U.S. Census Bureau that measures the pulse of small businesses in the U.S. revealed that nearly 75% of its respondents report a moderate-to-large negative impact due to the Covid-19 pandemic. The data collected in October also revealed that many [...]
Covid-19 is still going strong, and so is the economic fallout. Most banks are expecting billions in fourth-quarter losses. The retail and hospitality industries have seen store closures and bankruptcy filings, and many expect personal bankruptcies to rise. Filing personal bankruptcy means you get immediate [...]
2020 is the year of Murphy's Law in many ways, and Covid-19 is no exception. Bankruptcy filings are increasing, and more may be on the precipice. If you're considering filing for bankruptcy, you may have a lot of questions. A common question that often comes up [...]
In our last blog, we talked about all the business bankruptcies among various industries occurring as a result of the Covid-19 crisis. As unfortunate as those bankruptcies are, we wish we could say that the financial fallout is limited to businesses, but that is simply [...]
Is there such a thing as good debt? That depends on who you ask. To Dave Ramsey, a prominent radio show host, author, and businessman, there is no such thing as good debt. He argues that even mortgages and student loans are unacceptable because all debt keeps [...]
2020 has been so hard on numerous industries in the US market that business owners would prefer to be stung by a swarm of murder hornets rather than try to continue to stay afloat, only to drown slowly in rising financial waters. It has been [...]
Your credit score is important because it determines your ability to obtain credit for a home, automobile, and more. It can even play a role in whether or not you can land certain jobs. If you know that you have a poor credit report or [...]
With everything going on in the world today it is sometimes hard to figure what to do when you are feeling financially overwhelmed. When you have past due bills you cannot afford piling up, a professional debt lawyer can provide more information about how a [...]
We are a debt relief agency. We help people file for Bankruptcy relief under the United States Bankruptcy Code. The Law Offices of Brent D. George will take the time to explore your case and make sure that you are given the best possible legal advice and representation. We service Los Angeles County and Ventura County, including the communities of Westlake Village, Thousand Oaks, Agoura Hills, Calabasas, Woodland Hills, Oak Park, Moorpark, Simi Valley, Camarillo, Oxnard, and Ventura.