The Bankruptcy Alphabet: P is for Person

P is for Person     Who can file for bankruptcy? The answer is simple! Any “person” who is seeking financial relief from his or her creditors.  Section 101(41) of the United States Bankruptcy Code states “. . . ‘person’ includes individual, partnership, and corporation…”  This means that in addition to individuals, large corporations and businesses can also file for bankruptcy in order to manage their debts and protect their assets.

While the big headline bankruptcies that include American Airlines, General Motors, and even Hostess [the beloved makers of the Twinkie get all the attention, the vast majority of filings are attributed to ordinary American consumers seeking debt relief. According to the Administrative Office of the U.S. Courts, 1,410,653 bankruptcy cases were filed in the United States in 2011. Of that number, 47,806 filers were businesses, while the other 1,362,847 [over 96.5%], were non-business consumer bankruptcies.  

This includes your neighbor down the street–to Mike Tyson, Donald Trump, President Lincoln, Lenny Dykstra, Toni Braxton and everyone in between.

It is important to understand that in today’s economy many Americans are finding themselves increasingly dependent on credit to make purchases.  This naturally leads to increased debt.  While some bankruptcy filers have simply overextended their means, there are many unexpected reasons that cause debtors to spiral further into debt.  If you find yourself amongst those people considering bankruptcy, know that you are not alone.

Posted in Uncategorized | Tagged , , | Leave a comment

¿Quién Puede Archivar Una Bancarrota?

La respuesta es simple! Cualquier persona que trate de obtener ayuda financiera de sus acreedores. El artículo 101 (41) de los Estados Unidos declaran Código de Bancarrota “. . . “persona” incluye asociación individual, y la corporación … “Esto significa que, además de los individuos, las grandes corporaciones y las empresas también pueden declararse en quiebra a fin de manejar sus deudas y proteger sus activos.

Si bien las quiebras de grandes titulares que incluyen a American Airlines, General Motors, e incluso Hostess [los responsables queridos de la Twinkie obtener toda la atención, la gran mayoría de las solicitudes se atribuyen a los consumidores estadounidenses ordinarios que buscan alivio de la deuda. De acuerdo con la Oficina Administrativa de los Tribunales de U.S. Courts, 1.410.653 casos de quiebra se presentó en los Estados Unidos en 2011. De esa cifra, 47.806 eran empresas declarantes, mientras que los otros 1.362.847 [más de 96,5%], eran ajenos a la empresa quiebras de consumidores. Esto incluye a su vecino por la calle – a Mike Tyson, Donald Trump y todos los demás.

Es importante entender que en la economía de hoy en día muchos americanos se están encontrando cada vez más dependientes del crédito para hacer compras. Naturalmente, esto conduce a un aumento en la deuda. Mientras que algunos declarantes simplemente extender demasiado sus posibilidades, hay muchas razones inesperadas que causan los deudores espiral más en la deuda y considerar la quiebra. Si usted se encuentra entre las personas que están considerando la bancarrota, sepan que no están solos. Si se encuentra en el Distrito Central de California, Daniela Romero, Lcdo. y la asesoría jurídica de Daniela Romero, APLC puede ayudar a guiar a través del proceso, proporcionar asesoramiento jurídico y proteger sus activos.

1: http://www.uscourts.gov/News/NewsView/12-02-07/Bankruptcy_Filings_Slide_in_Calendar_Year_2011.aspx

Somos una Agencia de Alivio de la Deuda. Ayudamos a la gente para el alivio de bancarrota bajo el Código de Bancarrota.

Posted in Uncategorized | Tagged | Leave a comment

Who Can File For Bankruptcy?

The answer is simple! Any person who is seeking financial relief from his or her creditors. Section 101(41) of the United States Bankruptcy Code states “. . . ‘person’ includes individual, partnership, and corporation…”  This means that in addition to individuals, large corporations and businesses can also file for bankruptcy in order to manage their debts and protect their assets.
While the big headline bankruptcies that include American Airlines, General Motors, and even Hostess [the beloved makers of the Twinkie get all the attention, the vast majority of filings are attributed to ordinary American consumers seeking debt relief. According to the Administrative Office of the U.S. Courts, 1,410,653 bankruptcy cases were filed in the United States in 2011. Of that number, 47,806 filers were businesses, while the other 1,362,847 [over 96.5%], were non-business consumer bankruptcies.  This includes your neighbor down the street–to Mike Tyson, Donald Trump and everyone in between.
It is important to understand that in today’s economy many Americans are finding themselves increasingly dependent on credit to make purchases.  This naturally leads to an increase in debt. While some filers simply overextend their means, there are many unexpected reasons that cause debtors to spiral further into debt and consider bankruptcy. If you find yourself among those people considering bankruptcy, know that you are not alone.  If you are in the Central District of California, Daniela Romero, Esq. and The Law Office of Daniela Romero, APLC can help guide you through the process, provide legal advice, and protect your assets. 


We are a Debt Relief Agency. We help people file for Bankruptcy relief under the Bankruptcy Code.



Posted in Uncategorized | Leave a comment

Will Filing Bankruptcy Stop My Wages From Being Garnished?

Many people ask me, “Will filing bankruptcy stop my wages from being garnished?” They are already short on cash and desperately seeking a way to survive.

     The short answer is yes, with a few limited exceptions such as past due child support . Once you file bankruptcy an automatic stay is immediately imposed on your creditors and they must stop any collection efforts against you. They can not call you, write you or send you a bill.

     If a creditor is already garnishing wages and you meet certain conditions you can usually get back the wages garnished within the 90- day period prior to bankruptcy filing, if they were more than $600 in aggregate and you have enough exemptions to cover them. The automatic stay on wage garnishment does not apply to domestic support obligations such as alimony and child support because these are considered priority debts that can not be discharged.

     Collection does stop on:

        .   All 1040 income taxes of the individual debtor including interest and penalties
        .   All liability the individual may have as a “control” person for unpaid employment taxes
            for a business
        .   All wage garnishments, bank account levies and filing and enforcement of tax liens

     When facing wage garnishment you should get the legal help you need as soon as possible. A lawyer can analyze your situation and help you decide if bankruptcy is right for you. Talk to an attorney in your area. If you live in the Central District of California you can call me at 626-817-2611.

Posted in Uncategorized | Leave a comment

¡Ayuda! Alguien declarado en bancarrota en mi nombre sin que yo lo supiera. ¿Qué debo hacer?

Imagínese si alguien se declaró en bancarrota en su nombre sin su conocimiento. Bueno, eso le pasó a la persona en la historia adjunta. En su caso, el Sr. Azibo tuvo que contratar a un abogado para obtener su caso cancelado por lo que no permanece en su historial. ¿Pero cómo puede usted protegerse de estas situaciones?

Una cosa que debe hacer es comprobar regularmente mi informe de crédito. La mayoría de la gente sabe que puede solicitar un reporte de crédito gratis cada año a partir de www.annualcreditreport.com, pero ¿sabía usted que usted puede conseguir tres por año? Lo que sí se transmite los informes destaca entre los tres grandes. Puedo programar una solicitud de Equifax en Enero, Experian en Mayo y Transunion en Septiembre. Aunque esto no puede dejar de fraude, sí ayuda ya que le permite saber si hay cualquier tipo de fraude que se cometen en su nombre mucho mas antes de lo que la persona en esta historia.

Escuchar o leer la historia del Sr. Azibo haciendo clic en el enlace de abajo:
http://bit.ly/UCoj2N

Posted in Uncategorized | Leave a comment

Help! Someone Filed Bankruptcy In My Name Without My Knowing. What Do I Do?

Imagine if someone filed bankruptcy in your name without your knowledge.  Well that happened to the person in the attached story.  In his case, Mr. Azibo had to hire an attorney to get his case expunged so it doesn’t remain on his record.  But how can you protect yourself from these situations?

One thing I do is to regularly check my credit report.  Most people know that you can request one free credit report each year from www.annualcreditreport.com, but did you know that you can actually get three per year?  What I do is spread the reports out amongst the big three.  I schedule a request from Equifax in January; Experian in May and Transunion in September.  Although this may not stop fraud, it does help by allowing you to find out if there is any fraud being committed in your name much sooner than the person in this story.

Listen or read Mr. Azibo’s story by clicking on the below link:
http://bit.ly/UCoj2N

Posted in bankruptcy, bankruptcy fraud, credit report, debt, pasadena bankruptcy | Leave a comment

The Office of Mortgage Settlement Oversight –

About the
Settlement

Learn more about the national mortgage settlement that will create new servicing standards, provide relief to distressed home borrowers, and provide funding for state and federal governments.

The Office of Mortgage Settlement Oversight –

Posted in Uncategorized | 1 Comment