Bankruptcy Lawyer

California.

August 24, 2010

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Bankruptcy News

President Signs Bankruptcy Abuse Prevention, Consumer Protection Act

THE PRESIDENT: Thank you all. Please be seated. Welcome. Thank you very much for coming today. Today we take an important action to strengthen -- to continue strengthening our nation's economy. The bipartisan bill I'm about to sign makes common-sense reforms to our bankruptcy laws. By restoring integrity to the bankruptcy process, this law will make our financial system stronger and better. By making the system fairer for creditors and debtors, we will ensure that more Americans can get access to affordable credit.

I'm pleased to be joined today by the Attorney General Al Gonzales. I want to thank the bill sponsors in the House and the Senate -- Senator Chuck Grassley of the Senate -- I think you told me you'd been working on this bill for nine years. That's a long time. I appreciate Congressman Jim Sensenbrenner from the House for being the sponsor in the House. Thank you.

Contact California lawyers today and get a free consultation!

Did You Know?

Chapter thirteen is common for individuals with regular income
Chapter 13 is designed for individuals with regular income who are temporarily unable to pay their debts but would like to pay them in installments over a period of time. You are only eligible for chapter 13 if your debts do not exceed certain dollar amounts set forth in the Bankruptcy Code.

	Newsroom
	News about Bankruptcy in California and nationwide: The Honorable Jed Rakoff Approves Settlement of SEC'S Claim for a Civil Penalty Against Worldcom In its Opinion and Order, the Court concluded that "the proposed settlement is not only fair and reasonable but as good an outcome as anyone could ... Read more > U.S. Trustee Program Launches Bankruptcy Civil Enforcement Initiative WASHINGTON, D.C. The United States Trustee Program has launched an initiative to more aggressively use existing civil enforcement methods to curb a... Read more > More Bankruptcy News >

Bankruptcy Terms

Today's Terms

Forbearance and Repayment

Definition:
The most common way of resolving a loan default is to work out a plan which will let you repay part of the delinquency each month, along with you regular monthly installment.

Bankruptcy estate

Definition:
Generally, the property of the debtor that is subject to the jurisdiction of the bankruptcy court.

Post-petition

Definition:
Occurring after the filing of a petition. Preference - a payment by a debtor made during a specified period (90 days or one year) prior to the filing that favors one creditor over others.

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Bankruptcy Resources

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Bankruptcy Hot Topics

Topics Related to Bankruptcy:

Chapter 7
Chapter 13
Chapter 11
Chapter 12
Chapter 9

California Bankruptcy Attorney

If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

Antioch
Bell
Hawthorne
Long Beach
Los Angeles
Norwalk
Oceanside
Pacoima
Santa Ana
South Gate
Norwalk
Oceanside
Oxnard
Pacoima
Pittsburg
Santa Ana
South Gate
Sylmar
Watsonville
Westminster
Fremont
Fresno
Hawthorne
Hayward
Hesperia
Huntington Beach
Huntington Park
Indio
La Habra
La Puente
Laguna Niguel
Lake Forest
Lancaster
Livermore
Long Beach
Los Angeles
Lynwood
Merced

Milpitas
Montebello
Moreno Valley
Napa
North Hollywood
Norwalk
Oceanside
Ontario
Oxnard
Pacoima
Palmdale
Panorama City
Pico Rivera
Pittsburg
Pomona
Porterville
Reseda
Rialto
Riverside
Rosemead
Sacramento
Salinas
San Diego
San Francisco
San Jose
San Pedro
Santa Ana
Simi Valley
South Gate
South San Francisco
Sylmar
Tulare
Union City
Vacaville
Victorville
Vista
Watsonville
Westminster

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