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Posts Tagged ‘orange county chapter 11’

Your Credit Score: When to Stop Fighting the Rapids

Tuesday, May 24th, 2011

“But won’t bankruptcy destroy my credit?!” We have heard it time and time again and are sure you have had that thought once or twice, especially if you are contemplating filing. The truth is bankruptcy actually acts as a repair for your credit.

Think about it, if you are having thoughts of filing bankruptcy, you probably aren’t in the best of financial situations at the moment anyways. The piling of bills and never ending debt aren’t looking so good on your credit report. If you’re trying to repair your credit score without bankruptcy, it may be like trying to swim up a white water rapid. No matter how hard you swim, the waves are too strong and will only push you back.

All of your bills and large amount of debt will keep pushing you back from achieving the credit score you want. Instead of fighting the rapids, you should think of exiting the river and walking up the stream.

With Bankruptcy, you discharge all of your stressful debt and are given a fresh start. Yes, your credit score will decrease when you initially file, but think of how easy it will be to reestablish an excellent credit score without having all of the baggage on you. You can walk up that river with ease; nothing will push or hold you back.

You can achieve that credit score you once had or always dreamed of once you rid yourself of everything that is holding you back and keeping you from what you financially desire.

Bankruptcy and the Government Shut Down

Thursday, April 7th, 2011

Open for business?

What happens if you’re ready to file Bankruptcy and the Government shuts down? Don’t worry; Bankruptcy cases are filed 24 hours a day, seven days a week, 365 days a year. Thanks to the Bankruptcy Court’s electronic case filing system, not even a shutdown would slow down the filing process. Theoretically, that is. The Bankruptcy Court system uses something called CM/ECF which stands for Case Management / Electronic Case Filing. CM/ECF is a fully computerized case filing and record management system. But in the case of a shutdown, what if the system were to go down? There is no way to say with absolute certainty, but it is very likely that the filing process would progress without a glitch.

Additionally, the Courts recently stated that If Congress is unable to agree on the continued funding of government, the Judiciary is prepared to use non-appropriated fees to keep the courts running for up to two weeks.

So, the next question may be, “What happens if the government files for bankruptcy?” Hmmm, now that’s something we hope never to have to answer.

It’s Overwhelming For Everyone

Monday, November 15th, 2010

If you find your financial situation overwhelming, you’re not alone.  I spoke with a new client last week, I’ll call her Cathy, who was literally in tears.  She was in tears over her financial situation and later shed tears of relief at finding someone she feels comfortable with and can trust.

Cathy has run a successful business for over 10 years and as the economy changed, she began to accumulate debt.   When she came to see me,  her minimum monthly credit card payment was over $3,000.  It was literally strangling her business.  She couldn’t buy inventory and the credit card overhead was sucking up every dollar she made.  Cathy told me she needs to retool her business, but the financial stress is sapping up her energy and creativity.  It’s a challenge to get out of bed each day.

I tell you about Cathy so you know you are not alone.  Financial stress is real and debilitating.  At Doan Law Firm we understand and we can guide you to a place of financial tranquility.

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    Laguna Hills Bankruptcy
    25401 Cabot Rd.
    Suite 113
    Laguna Hills, CA 92653
    Call 888-362-6529

    Santa Ana Bankruptcy
    930 West Seventeenth St.
    Suite C
    Santa Ana, CA 92706
    Call 714-795-3536

    Corona Bankruptcy
    1411 Rimpau Ave.
    Suite 108
    Corona, CA 92879
    Call 909-708-4597

    Moreno Valley Bankruptcy
    24490 Sunnymead Blvd.
    Suite 101
    Moreno Valley, CA 92553
    Call 951-579-4756

    Watsonville Bankruptcy
    444 Airport Blvd.
    Suite 109
    Watsonville, CA 95075
    Call 888-362-6529

    Oceanside Bankruptcy
    1930 S Coast Hwy
    Suite 206
    Oceanside, CA 92054
    Call 760-450-3333

    Chula Vista Bankruptcy
    333 H Street
    Suite 5000
    Chula Vista, CA 91910
    Call 619-500-6535

    Escondido Bankruptcy
    320 East 2nd Ave.
    Suite 108
    Escondido, CA 92025
    Call 760-746-4476

    La Mesa Bankruptcy
    4817 Palm Ave.
    Suite I
    La Mesa, CA 91942
    Call 619-462-362

    San Diego Bankruptcy
    185 West F St
    Suite 100
    San Diego, CA 92101
    Call 619-234-3626