Recent Blog Posts
The Sun Never Sets on the Bureau of Automotive Repair
Assembly Bill 1263, passed during this current legislative session and signed by the governor, revisits many important aspects of the Bureau of Automotive Repair and the California Smog Check program. Read on for a summary of the changes made by this legislation. If you are a California auto shop owner or Smog Check technician dealing… Read More »
The Department of Justice Is Here to Help With… Bankruptcy Discharges of Student Loans?
When it comes to getting rid of debts in a Chapter 7 bankruptcy, not all debts are treated equally, and for a long time, student loan debt has been treated the most unfairly of all. According to the latest figures, the average student loan balance among borrowers is $38,290, which can be a sizeable chunk… Read More »
Understanding Student Loan Income-Based Repayment
Over 43 million Americans carry federal student loan debt, with a significant portion finding it difficult to pay off their loans while trying to start a career, raise a family, and build a quality life for themselves. One option to deal with this burdensome debt is to enroll in an income-based or income-driven repayment plan…. Read More »
Most Common Business Mistakes for Startup Businesses
Starting a business is an exciting venture, but it’s also filled with potential pitfalls. Many entrepreneurs in Southern California, from tech innovators in Silicon Beach to entertainment industry startups in Los Angeles and Ventura counties, embark on this journey with high hopes and innovative ideas. However, without proper legal guidance and business acumen, common mistakes… Read More »
What to Do if Seller Is Delaying Escrow
For most people, purchasing a home is a significant milestone. This is especially the case in Southern California, where buying a home represents an outsized investment compared to much of the rest of the country. However, the journey to homeownership can be fraught with challenges that threaten to derail the transaction if not handled carefully…. Read More »
What Is a Zombie Mortgage?
It sounds like something out of a horror movie, but unfortunately a zombie mortgage is a very real and potentially frightening scenario for homeowners in Southern California. Read on for a discussion covering how zombie mortgages are defined, how they occur, their impact on homeowners, and legal protections and solutions that might be available to… Read More »
Zombie 2nd Trust Deed, Junior Mortgage Lien, or HELOC Secured Debt and Loans
Any of the below apply? Received a Pending or Threatened Foreclosure against your residence, or income property, from a Zombie Junior Lien, or 2nd (or even 3rd position) Mortgage? Debt Holder, Investor, or Mortgage company, has demanded payment from you for an aged (forgotten, charged-off, or advised as settled) real property secured loan? Years have… Read More »
Opening an LLC Bank account in California
When you decide to create a Limited Liability Company (LLC) in California, you’re taking a significant step toward establishing your business’s legal identity and protecting your personal assets. One crucial aspect of managing an LLC is setting up a dedicated bank account for your business transactions. While having a separate business bank account for your… Read More »
Understanding Loan Forbearance Agreements
Financial difficulties can sometimes make it challenging for businesses and individuals to meet their loan repayment obligations. In California, loan forbearance agreements can serve as a temporary solution to help borrowers avoid defaulting on their loans. Below, we explore the key aspects of loan forbearance agreements in California and how they might benefit both borrowers… Read More »
Pros and Cons of Filing Bankruptcy Jointly With Spouse
Financial struggles are never easy, and they can be especially complex when they involve a married couple. It is not at all uncommon for married couples to be struggling together with debt troubles, so it’s not surprising that many consider filing for bankruptcy together as well. This move often makes the most sense, but there… Read More »