Bankruptcy Podcast – Part 1 of 3 – San Diego Bankruptcy Questions Answered
Welcome to the inaugural podcast from the Law Office of Cecelia Chen. We have decided to provide our clients and future clients with new ways to gather information pertaining to a variety of legal questions. In this particular series we will focus on answering some basic questions pertaining to the topic of bankruptcies. Questions include: what is the difference between …
Read MoreSan Diego Chapter 13 Bakruptcies Steadily Rising in 2009
The news doesn’t come as a surprise. Chapter 13 bankruptcy filings in San Diego have steadily increased from the second half of 2006 and have broken quarterly records ever since. Chapter 13 (visit the link to visit the US Court web site for a Chapter 13 bankruptcy basics page) bankruptcy claims have risen rapidly since the credit crunch that hit …
Read MoreSan Diego Chapter 7 Bankruptcies up 200% in 2009
Comparing 2007 to 2009 Chapter 7 Bankruptcies in San Diego have increased three fold since 2007 and is currently set to break another record for filings this quarter (Q3 2009) since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was written into law. There is an obvious increase in Chapter 7 (visit the link to visit the US …
Read MoreWhen Using Your 401 (k) to pay Credit Card Debt is a Bad Idea
While we should not get into the habit of purchasing items beyond the limits our cash flow can handle, and certainly not do so on credit, many people still find themselves with more bills to pay than income to pay them. In the midst of our credit crunch many are being faced with the tough decision of using their savings …
Read MoreIntroduction to Bankruptcy in America
Bankruptcy Basics, provided by the federal judiciary, provides an introductory summary for debtors, creditors, court personnel, the media, and the general public on the aspects of federal bankruptcy laws. It also provides individuals who may be considering bankruptcy with a basic explanation of the different chapters under which a bankruptcy case may be filed and to answer some of the …
Read MoreAre your children protected if you are not around tomorrow?
In recent news, actress Natasha Richardson died from a brain injury after a skiing accident. She and her husband, actor Liam Neeson had two sons, just 12 and 13 years old. While Natasha wasn’t superstar famous, but the story of her death touches us all who have young kids. Her passing from something as random as a minor fall on …
Read MoreKnow your risks and how to protect your assets against those risks
As a business owner, careful planning is essential. This includes the proper selection of the structure for your business entity that meets your unique needs from both a business and tax standpoint, careful drafting of the appropriate documents that protects your business interest, and implementing them. Even those without much personal assets should know that judgments and judgment liens are …
Read MoreStarting a Business in San Diego
When you go into business for yourself, you are usually personally liable for all judgments and debts that the business incurs. This includes business loans, taxes, money owed to suppliers and landlords, and any judgments against the business as a result of a lawsuit. If you don’t protect yourself, a creditor can go after your personal assets, such as your …
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