Debt Solutions Blog

There is good news for persons seeking to eliminate (or discharge) their student loans in bankruptcy. New guidance released by the Department of Justice (DOJ) on November 17, 2022, has made wiping out student loans more obtainable – especially when you have an experienced attorney to help you. Historically, student loan discharges were difficult to…

We highly recommend obtaining competent and skilled legal help if you are: (a) significantly delinquent on your mortgage; (b) self-employed; (c) receive contributions for your housing expenses; or (d) already in foreclosure (a notice of default or notice of trustee sale has been filed).  To be clear, the experience the attorney needs to be valuable…

Nobody intends to get into debt without the means to pay it off. More often than not, debt accumulates for reasons that are completely unexpected or beyond our control. Whatever the reason, though, the burden of carrying large debt creates an overwhelming feeling. And, life is too short to live under this type of financial…

Negotiation to settle debts can be an unpredictable process that is influenced by multiple factors – some personal to the individuals carrying the debt, and some specific to the creditor. Here are 8 key factors that influence the settlement amounts are: Through broad experience dealing with countless debt scenarios, the legal team at DiMarco Warshaw,…

A decision to file for bankruptcy should be made only after determining that bankruptcy is the best way to deal with your financial problems. This content cannot explain every aspect of the bankruptcy process. If you still have questions after reading it, you should speak with an attorney familiar with bankruptcy.​ There have been many…

Financial hardships caused by Home Equity-Lines of Credit along with other second mortgages are not always resolved after a first mortgage loan modification. However, lenders may be precluded from pursuing the borrower personally when the debt was discharged in a bankruptcy proceeding, or when the second loan was “purchase-money” for a California property. California law…

“I’M NOT FILING BK ON MY CAR (OR OTHER SPECIFIC DEBT).” Many times clients will say to their attorney (or others) that they are not “filing bankruptcy” on a particular debt; they incorrectly believe that if they don’t list the debt they can keep the asset (like a car or house), or keep the credit…

If you are planning on filing for bankruptcy, you should consider changing banks if you owe any money to that bank. Banks and credit unions may claim the right to take the money in your account and apply it toward the money you owe them. To prevent this (or a bank account freeze) from occurring,…

The purpose of the meeting is to ensure that you have fairly and honestly represented your assets, income, and debts in your bankruptcy filing. You must appear at the meeting, and your attorney will be present with you. The Trustee assigned to your case will ask you questions about the contents of the bankruptcy schedules,…

While each bankruptcy case is unique, there are certain items that any attorney will need to initially assess your specific financial circumstances and to provide potential solutions. To prepare for your free, initial consultation, we recommend that you provide certain documentation for your attorney to review. This useful documentation covers three areas – your income,…