Debt Consolidation or Bankruptcy? What is the real difference between debt consolidation and bankruptcy?  They both affect your credit score in a negative manner, which is the correct choice when a person can’t afford to pay their credit card debts …

Should Debt Payments be Suspended Read More »

How to manage if mortgage or rent can’t be paid while shelter in place order is in effect The Shelter in Place Orders and the coronavirus pandemic are causing serious financial conditions for people living in Santa Cruz, San Jose, …

How to manage your mortgage or rent Read More »

The President signed into law the Coronavirus Aid Relief, and Economic Security Act (“CARES Act”) on March 27, 2020.  Bankruptcy is Federal Law and the Federal Government added some provisions to the Cares Act to help people in Bankruptcy that …

Corona virus Spurs Changes to the Bankruptcy Code Read More »

By Brette L. Evans on April 1, 2020 The Shelter in Place orders for San Jose, Santa Cruz and the whole Bay Area has caused many people to be laid off.  With loss of jobs and businesses closing, people have …

COVID-19 and Bankruptcy Read More »

One of the very basic tenants and cornerstones of protection is the automatic stay. When a Bankruptcy case is filed the automatic stay is put into place. The automatic stay acts as a shield to creditors, and will prevent actions …

Does Bankruptcy Protect Assets and Income Read More »

It is generally not wise to repay debts just before filing bankruptcy. Those considering bankruptcy often owe debts to many creditors. As a result, many are tempted to attempt to pay off one or more particular creditors before they file …

Why is paying off creditors before bankruptcy generally not a good idea? Read More »

The Bankruptcy Code offers a number of interesting code sections that allow for reorganization of secured debt.  The most secured debt that people have are their cars and their homes.  The Bankruptcy Code allows a person that files either Chapter …

Second Mortgage Lienstripping Read More »