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 [...]
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 [...]
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 [...]
To say the Coronavirus (COVID-19) Pandemic has changed everything is an understatement. It is estimated that 1/3 of businesses and rental unit tenants did not pay their rent on time in March or April. That number is expected to climb as the lockdown of our [...]
Okay so, what type of property can you have repossessed? Well, let’s consider the word “Repossession” for a second. The word does suggest re-possession which means that the creditor taking back the property to ‘repossess’ it must have once possessed it in the first-place. Sure, [...]
We've all heard the only two things guaranteed in life; Death and Taxes. Well, maybe we can add Debt to that list; Debt, Death, and Taxes or DDT for short? "DDT - is it really that bad," you ask. It can be. Did you know [...]
Most folks who end up filing Chapter 7 Bankruptcy really have no clue as to what to expect. If this is your first time filing bankruptcy or you are seriously considering it as your only way out, your only way forward, then you'd be wise [...]
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.