Bankruptcy laws vary from state to state, as do the pros and cons that go along with them. In California, one spouse can file bankruptcy, which can be beneficial. There are several factors to consider when deciding whether to file individually or jointly for bankruptcy [...]
If you are considering filing for bankruptcy, you probably have some questions and concerns about making your decision. You may wonder which chapter of bankruptcy you can file or whether you have too many assets to file. One of the questions that usually come to [...]
The judicial system is one of three government branches designed as part of the U.S. system of checks and balances. Its purpose is to balance power, ensure laws align with the U.S. Constitution, and provide criminal and civil remedies where the law is breached. Still, [...]
A homestead exemption law change effective January 1, 2021, protects California homeowners pursuing Chapter 7 bankruptcy. Previously, homestead exemptions capped out at $75,000 for single people and $100,000 for married couples. Senior citizens and those with disabilities enjoyed moderately more significant thresholds at $175,000. However, [...]
Employers filing for bankruptcy is one of the most damaging things to happen to employees, especially during the holidays. Experiencing a loss of income is devastating, but even more detrimental is the potential loss of health benefits and retirement funds you spent years accumulating. Fortunately, [...]
Remember that time there was a pandemic, and the government gave out loans to small businesses to keep them afloat and, people being people, what was intended for good was sometimes used fraudulently? Oh, wait. That was PPP during COVID, and investigations are now occurring. [...]
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 [...]
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.