One of the most frequent inquiries I get are from my Los Angeles Area small business owners wanting to file bankruptcy “on” their businesses. “I need to file bankruptcy because my business is failing”, they tell me. However, it is rarely necessary to file bankruptcy for a business that is not trying to stay in […] The post Small Business Bankruptcy Chapter 7 in California When To File appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

Chapter 13 Stops Foreclosure Sales in California There are many things people do to try and save their homes from foreclosure in California. My Los Angeles area clients have tried  loan modifications and other loan programs. But the clock ticks on foreclosure sales and it is not always possible to resolve the issues before a […] The post How Bankruptcy Can Save Your Home in California appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

Debts That Can Be Discharged or Erased in Bankruptcy Which debts you can get out of or, more correctly, discharge in bankruptcy, is difficult for many to understand. Your really need an experienced bankruptcy attorney to determine whether you can eliminate a particular debt. This is due to the long and complex list of statutory […] The post Do You Get Out Of All Debts if You Declare Bankruptcy? appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

Many would rather plummet to their death from an asteroid before considering a bankruptcy filing. It is believed by the public that there are many downsides to filing bankruptcy.  The truth, however, is that the downsides are not that big and, for some of them, they are actually upsides. Here are some of the common […] The post What are the Downsides To Filing Bankruptcy in California? appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

People often ask about “lookback” periods in bankruptcy. What are they? While the word lookback is not mentioned anywhere in the Bankruptcy Code, Bankruptcy has several different lookback periods which people often refer to regarding a case. I will discuss them below. The Six (6) Month Bankruptcy Lookback The 6-month lookback refers to calculation of […] The post What Is The Bankruptcy Lookback Period in California? 6 Months? 90 Days? 1 Year? appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

Are you facing a foreclosure on your home or property? The California Foreclosure Process Most foreclosures in California are “non-judicial”, meaning they are done without involving courts. They are done based on the contract signed for the security interest in the Property.  The Note and Deed of Trust. The process takes a minimum of 3.7 […] The post How Can Bankruptcy Save My Home From Foreclosure in California? appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

A big concern people rightfully have when filing a bankruptcy case is whether they can keep their house, cars, savings, and other assets. In a Chapter 7 case, a Trustee is appointed to sell or liquidate any assets which are not exempt under applicable laws. In most Chapter 7 cases, all the assets are exempt […] The post What Happens To Assets And Property In Chapter 13 Bankruptcy Cases? appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

The Crypto Romance Scam There is a new twist on an old scam going around, and it is affecting young and old. Romance scams are nothing new. A charming suitor gains your trust, and heart, and then gets you to send them money. This new version adds cryptocurrency as the means towards that end. Making […] The post Can Bankruptcy Help With Cryptocurrency Romance Scams And Debts? appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

Most Debts Are Discharged In Bankruptcy The principal reason for filing bankruptcy is to obtain a discharge of the obligation to pay on your debts. Most debts can be discharged in bankruptcy, but not all of them. Some are automatically not discharged, while others require action by the creditor in order to make them not […] The post Debts That Are Not Discharged In Bankruptcy Mark J. Markus Attorney appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more

How Many Former Clients Regret Filing Their Bankruptcy Case? I have been practicing exclusively bankruptcy law in California for over 30 years. Much of that practice has been filing bankruptcy cases for debtors in need of a fresh start. And I was recently asked by a potential new client how many of my past clients […] The post How Many Regret Filing Bankruptcy? appeared first on Law Office of Mark J. Markus--Bankruptcy Attorney and written by Mark J. Markus ..read more