Northern California Bankruptcy Lawyer

On The Bankruptcy Soapbox

The Soap Box

Consider The Clawback of Pre-bankruptcy Transfers Before Filing

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If you don’t understand clawback in bankruptcy, you might think that bankruptcy involves only what you have when you file. But that’s not how it works. Bankruptcy law gives a bankruptcy trustee to power to unwind transactions and transfers that diminish what the debtor has on the day the case is filed. The idea is […]

Bankruptcy Is Not Your Last Resort

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Every personal finance guru intones that “bankruptcy is the last resort.” In my opinion, they have it wrong: bankruptcy is the big gun in getting out of a financial mess. But it shouldn’t be the last thing you try to get financially healthy. You shouldn’t mess around with lesser solutions if they don’t fit. Some […]

Reduce Your Tax Hit By Filing Bankruptcy Rather Than Settling Debts

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Settle your debts outside of bankruptcy and you may be bitten by taxes you didn’t expect years later. Yet, everyone I talk to would rather cut a deal with their creditors than file bankruptcy.  It’s universal. But here’s the killer reason why bankruptcy alone protects homeowners from a unexpected  tax consequence down the road. Debt […]

Is It Too Late For Bankruptcy?

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Worried that it’s too late to file bankruptcy? You’ve put off considering bankruptcy, hoping to tough it out, or hoping for a miracle. But at some point, time runs out:  you’ve been served with a lawsuit;  judgment has been entered against you; or even, a garnishment appears on your paycheck. Is it too late to […]

What Causes Bankruptcy?

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I was playing in my head with a piece I was writing for consumers about the bankruptcy decision. I caught myself thinking about “whether the bankruptcy was caused by mortgage debt or ….” . And I hauled myself to a halt. How did the words “bankruptcy” and “cause” get linked in my head? In my […]

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