New Office Locations and Remote Hearing Instructions
MacLean Chung Law Firm provides instructions on how to make a remote "Meeting of Creditors". The section 341(a) hearings have been conducted remotely since the beginning of the pandemic. Now that the pandemic has ended, it has been universally agreed that remote appearances are preferred by all parties. As such it is likely to remain for the foreseeable future. MacLean Chung Law Firm has made some exciting strides to provide service to a greater range of clients. Last month, new offices were opened in Torrance and San Diego. If you are looking for a Torrance bankruptcy lawyer or a San Diego
Bankruptcy Law Firms in Santa Clarita
Santa Clarita Valley encompasses an area that includes Valencia, Saugus, Canyon Country, Newhall, Castaic, and Stevenson Ranch. Santa Clarita has a population that is estimated to be around 220,000 residents. It is an area in Los Angeles County that continues to experience stead population growth. Traditionally Santa Clarita was home to many farms and ranches
Bankruptcy Cases Still On The Decline
At the beginning of the in 2020 pandemic many experts predicted a wave of bankruptcy filings that would set new records. Early on the number of bankruptcy cases dropped significantly. This was explained by the lockdowns and other measures that made it difficult to meet with a bankruptcy attorney. However, as time has passed the number of people filing bankruptcy have not rebounded. The number of bankruptcy cases still has not come back to pre-pandemic numbers. In fact, bankruptcy filings are only a fraction of what they used to be. Keeping with this trend the number of bankruptcy filings in September 2021
Valuations in Bankruptcy
The value of most personal items is placed at a "garage sale" type of value. Essentially, if you had to get rid of it today, what is a dollar amount that you could get for the asset.
AB 3088 – Protections for Renters During Covid-19
The State of California passed AB 3088 on August 31, 2020. The law gives certain protections to renters that have experienced difficulty with rent as a result of Covid-19. California has published a webpage that has all of the pertinent information related to AB-3088. However, in summary the law provides that if certain conditions are met by renters, their failure to pay rent cannot be a basis to evict them. The law has strict requirements, so please make sure to follow them strictly or else you may not be covered under its protections. Once the conditions are met by the
File Bankruptcy is EASY During Covid-19
A common question we receive now is whether or not to file bankruptcy during the Corona Virus outbreak. Filing Bankruptcy during the outbreak is one of the best decisions you can make because the Corona Virus has made the bankruptcy process the easiest it has ever been in the history of bankruptcy in this country. The single biggest hurdle in any bankruptcy case, is the requirement to physically attend a meeting of creditors. This usually entails a long drive through traffic, paying for parking, and the stress and anxiety of having to go to an unfamiliar place
What Is The Meeting of Creditors?
The Meeting of Creditors also known as the 341(a) Meeting is a meeting that is required in every bankruptcy case and occurs approximately 1 month after you file. Every person that files for bankruptcy is required to attend. Although your bankruptcy attorney will likely accompany you to the meeting, your bankruptcy attorney is not allowed to attend on your behalf. You must show up at the creditors meeting. The meeting of creditors usually takes around 10 minutes. You are required to bring your driver's license and proof of your social security number (usually social security card). And you are required
Bankruptcy and Credit Rehabilitation
A recent article in the Los Angeles Times discusses the impact bankruptcy has on credit scores. The newspaper goes on to state: Dear Liz: I had credit scores over 800 with no late payments ever. Unfortunately, a medical issue required me to charge $24,500 to a credit card. That led to a bankruptcy, which was discharged in July 2011. My scores dropped to 672, and they're currently around 680. I'm paying two unsecured credit cards in full each month plus an auto loan that was reaffirmed in bankruptcy. I would like to continue rehabilitating my scores by applying for another loan.
Student Loan Debt
Most people know that it is nearly impossible to get rid of student loan debt through bankruptcy. With the rising costs of tuition more and more people are being crippled with overwhelming student loan debt. An article by The Los Angeles Times details stories of individuals that have been financially crushed by their student loan debt. The article states: Brenda Small didn't think twice about taking out student loans to pay for nursing school in the late 1980s. She figured she could easily pay off the $20,000 bill — until an injury a few years later left her permanently unable to
Stockton, California on the Brink of Bankruptcy
In recent years, many people that have been overwhelmed by the housing market crash or laid off as a result of the recession have filed for bankruptcy. However, many large and well-known companies have gone through bankruptcy as well including Kodak, General Motors, Chrysler and the local Los Angeles Dodgers. Now according to the New York Times, it appears likely that the City of Stockton, California may file for bankruptcy soon. The New York Times reports STOCKTON, Calif. — The signs of better times are easy to spot downtown: the picturesque marina on the San Joaquin Delta, the gleaming waterfront sports