Bankruptcy Archives - Mlnarik Law Group

How to File for Chapter 13 Bankruptcy

August 22, 2022

Last month, we explained how to file for Chapter 7 bankruptcy, which is otherwise known as “liquidation bankruptcy” because its purpose of clearing away many types of unsecured debts. Contrary to Chapter 7 bankruptcies, Chapter 13 bankruptcy cases are designed for individuals who can afford to repay some of their debts, but need assistance restructuring

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How to File for Chapter 7 Bankruptcy

July 22, 2022

In 2021, California had the highest number of Chapter 7 Bankruptcy filings than any other state in the United States. Of the total 40,279 filings of Chapter 7 Bankruptcy, 38,542 were non-business filings and 1,737 were filed by businesses. If you have a significant amount of debt and are interested in filing for Chapter 7

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Keys to Financial Independence

April 27, 2022

In today’s free market society, individuals are free to spend the money they have and even the money they might have in the future. But borrowing against your future is not only dangerous, but a bad habit to get into. With all the freedoms we enjoy, those who are financially responsible are the ones that

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How the FDCPA Protects You From Debt Collectors

March 24, 2022

Usually when someone receives dozens of phone calls at all hours of the day, all by the same person who also troubles the victim’s family, friends, and neighbors, we have a word for it:  STALKER!  And legally, stalkers are criminals. Suppose the same scenario applies with just one difference: the “stalker” is a debt collector. 

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Bankruptcy Law & Policy: Good for the Few & Many

March 23, 2022

In 1542, England passed the first modern bankruptcy law (known as “Statute of Bankrupts”) during the reign of that lovable old curmudgeon, Henry VIII. The law’s purpose? Make sure no one could ever fail to pay back a loan without severe consequences. In other words, only one social purpose was served: repayment of creditors—or else.

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Can My HOA Come For Debt After A Foreclosure?

January 24, 2022

Have you ever wondered about how homeowners associations processes foreclosures? A homeowners association (HOA) is a private self-governing organizations formed in communities where homeowners collectively pay fees to maintain the unit/s or neighborhood. Typically run by an elected board of directors, HOAs are often formed either for a building with multiple owner-occupancies or by a

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Playing the Credit Card Game? Cash Out!

November 17, 2021

Credit cards, debit cards and payday loans are all things we avoid, but many people are caught in a cycle that they just cannot escape. Frontline’s “The Card Game” aired on PBS and is an eye-opening look into how the market continues to capitalize on people least able to afford it. The Federal Reserve Bank

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Financial Crisis & Bankruptcy: Don’t Fear “Fear” Itself

October 20, 2021

The fear of bankruptcy and financial crisis can be overwhelming. Read 3 examples for escaping the fear caused by a once-in-a-lifetime crisis.

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