February, 2012

Los Angeles County Bankruptcy Attorney Jeffrey Hsu – Affordable, Experienced, and Honest

Bankruptcy Attorney Jeffrey Hsu has an office conveniently located in Alhambra, California for individuals, families, businesses, and creditors looking for bankruptcy representation or bankruptcy services in the greater Los Angeles area.  He is honest and experienced at bankruptcy law matters. Mr. Hsu has represented individuals of all ages and backgrounds, from the permanently unemployed to...

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Discharging Civil Tax Penalities In Bankruptcy

Oftetimes, persons facing tax issus are dealing with penalties that may or may not be dischargeable in bankruptcy.   The key in such cases is determine if 1) the underlying tax is dischargeable, or 2) if the event that caused the penalty to take place occured more than 3 years prior to the bankruptcy .   The persons facing these type of tax problems only have to meet 1 of the above criteria...

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Want To Know If Your 401(K) Plan protected in Bankruptcy?

When one files bankruptcy, oftentimes the person has an interest in retirement accounts including 401(K) plans.   Such plans are generally ERISA qualified (check  your plan summary), and therefore such plans are generally excluded from Property of the Estate in bankuptcy cases under 541(b)(7) of the bankruptcy code. However, not all retirment plans are the same – 401(K)’s and...

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Shopping For The Lowest California Bankruptcy Attorney Fees – You Get What You Pay For

Oftentimes, prosepctive bankruptcy filers are shopping for the lowest bankruptcy attorney fees.   A good attorney should tell you that their fees depend on the complexity of the case.   Sure, there are attorneys out there who will take your case for a bargain price but are you sure they know what they are doing? For those clients who are price shopping for an attorney, remember you get...

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What to Look for In a California Bankruptcy Attorney

California Bankruptcy Attorneys should be honest and informative.  California Bankruptcy attorneys must present potential clients with all of their options.  Furthermore, California bankruptcy attorneys should have a fundamental understanding of bankruptcy laws as applied locally within the district where they are practicing. A bankruptcy attorney should have a general idea of how a case will...

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No, You Can’t Pay Back/Repay Your Mom (or Dad or Business Partner) Before Filiing Bankruptcy – Bankruptcy Transfers

What’s are problematic bankruptcy transfers?  People considering bankruptcy often have assets in excess of the bankruptcy exemption limits.   If those assets are cash or cars, I am often asked if they can just transfer title or write a check to a family member.  In almost all cases, the answer is no – because that is deemed a fraudulent transfer in bankruptcy.  It...

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