Articles

Quarterly Chapter 7 bankruptcy data for San Diego is released to the public two quarters, or around four months, after the period they represent. We reported at the beginning of this year that 2010 numbers ended the year with a glimmer of hope that San Diego bankruptcy claims may be in decline. So far for 2011 the data suggests a …

Homeowners in San Diego have been challenged every since the credit crisis in 2008. For some homeowners who have lost their jobs, the last several years have been exceptionally brutal. Even the Home Affordability Modification Program (HAMP) offers very little if any relief to homeowners with no income stream. Some reprieve has arrived after the federal government rolled out a …

In a previous post Cecilia discussed how she was able to help a client eliminate a second mortgage in order to save her current home. Here’s how. In a recent decision, the District Court for the Southern District of California has joined the ranks of courts finding that the unavailability of discharge in a chapter 13 case does not preclude …

One of the most rewarding aspects of my practice is helping struggling homeowners to keep their home and avoid foreclosure by using a popular but not widely known provision of the bankruptcy code to eliminate second mortgages. Bankruptcy law does not eliminate or change the terms of the first mortgage if a debtor plans to stay in their home. But …

I have found myself advising many of my clients that my personal belief is: if you use bankruptcy strategically you will maximize the benefits of resolving many, if not all of your financial issues. However, once bankruptcy is over, it’s crucial for my clients to consult with a financial planner to identify financial and retirement goals, and start saving for …

Did you know that consulting with a bankruptcy attorney is not the same thing as filing for bankruptcy? Find out how and if bankruptcy can help your current financial position, what assets are protected, and what debts can be discharged. Bankruptcy may or may not be able to help you, but you should know all your options and facts before …

As predicted by CC Legal Group, 2010 closed out with a ray of hope for the San Diegan economy as Chapter 7 bankruptcy filings appeared to have peaked. Q4 2010 data, recently released, confirms that the worse of the economic downturn may be over. Chapter 7 bankruptcy generally permit debtors to discharge all of their unsecured debts (credit card debts …

The housing stats released for the month of February in San Diego county show that sales saw a 3.6% increase from January. The median price for all homes is however down 4.3% from $322,000 where it was a year ago. Distressed properties, foreclosures, and short sales made up the bulk of February’s home resale transactions. Absentee buyers, people who will …