• Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

Recent Posts in Chapter 7 Category

Prepare for Your First Estate Planning Meeting

Deciding to file for bankruptcy is a huge decision, and you should not have to make it alone. If you find yourself in a large amount of debt that you do not think you can overcome with your current ...
Continue reading "Prepare for Your First Estate Planning Meeting" »

Your Guide to Rebuilding Credit After Bankruptcy

A bankruptcy is a chance for a fresh start, especially a chapter 7. Hard working, honest people, who fall on hard times, use a bankruptcy to reorganize their lives and make peace with creditors. It is ...
Continue reading "Your Guide to Rebuilding Credit After Bankruptcy" »

Counseling Requirements for Chapter 7 Bankruptcy

Debtors who are considering filing bankruptcy need to be aware of counseling requirements. Chapter 7 bankruptcy filers must complete a credit counseling course prior to filing. During this course, the ...
Continue reading "Counseling Requirements for Chapter 7 Bankruptcy" »

Be Careful Not to Overspend on Gifts This Holiday Season

You probably love the holiday season because it is a clear opportunity to give to others and show how much they mean to you. The end of the year is also a popular time to treat yourself to things ...
Continue reading "Be Careful Not to Overspend on Gifts This Holiday Season" »

What Personal Assets Are Protected in A Personal (Chapter 7 or Chapter 13) Bankruptcy?

Individuals who are evaluating whether the filing of a Chapter 7 bankruptcy would be appropriate have a lot to consider including the type of debt (e.g., credit card, mortgage, etc.) they have and the ...
Continue reading "What Personal Assets Are Protected in A Personal (Chapter 7 or Chapter 13) Bankruptcy?" »

What Debts Are Dischargeable In A Personal, "Chapter 7" Bankruptcy?

What Debts Are Dischargeable In A Personal, "Chapter 7" Bankruptcy? One great New Year's tradition is the making of "New Year's Resolutions." According to Forbes, one of ...
Continue reading "What Debts Are Dischargeable In A Personal, "Chapter 7" Bankruptcy?" »

Asked to Sign Bankruptcy Reaffirmation Agreements? Think Twice

One of the challenges of Chapter 7 bankruptcy is most people who own a home wish to hold onto their home, even after bankruptcy. In some cases, the mortgage company will request the homeowner sign a ...
Continue reading "Asked to Sign Bankruptcy Reaffirmation Agreements? Think Twice" »

Zombie Debts: Those Debts That Reappear After Chapter 7 Bankruptcy

When you make the decision to file for Chapter 7 bankruptcy, it is typically because your debt is so out of control it is the only way to get back on your feet financially. Frequently people file ...
Continue reading "Zombie Debts: Those Debts That Reappear After Chapter 7 Bankruptcy" »

What you Need to Know About Personal Bankruptcy And How It Works

While making the decision to file bankruptcy is never easy, it is important that you understand what personal bankruptcy is and how it works in order to determine if it is the right option for you. ...
Continue reading "What you Need to Know About Personal Bankruptcy And How It Works" »

Online Payday Loan Companies Slapped by FTC in Largest Ever Industry Payout

People who take out payday loans don't mean to get themselves into a vicious cycle, but unfortunately, that is often what happens. These loans, which typically offer instant cash without having to ...
Continue reading "Online Payday Loan Companies Slapped by FTC in Largest Ever Industry Payout" »

When Is Bankruptcy A Viable Option

Bankruptcy is the first answer that comes to mind when it comes to financial difficulty. It's the best answer when the bills never stop coming, creditors calling every hour of the day and night, ...
Continue reading "When Is Bankruptcy A Viable Option" »

Chapter 7 Bankruptcy: Some Debts Are Non-Dischargeable

Filing bankruptcy will erase all my debts and I will have a clean slate! Not always. While Chapter 7 bankruptcy may be the best option for you if your debt is unmanageable and creditors are merciless ...
Continue reading "Chapter 7 Bankruptcy: Some Debts Are Non-Dischargeable" »

Filing for Bankruptcy Does Not Make You A Bad Person

Filing for bankruptcy can be one of the most stressful things that a person can ever contemplate doing, especially if one has been raised on the virtues of thrift. The sort of financial distress that ...
Continue reading "Filing for Bankruptcy Does Not Make You A Bad Person" »

Bankruptcy: Some Debts Will Remain after Bankruptcy

If you're thinking about filing bankruptcy, one thing of which you should be aware is that in bankruptcy some debts are non-dischargeable. That means that even after a successful bankruptcy ...
Continue reading "Bankruptcy: Some Debts Will Remain after Bankruptcy" »

Bankruptcy And The Need To Disclose Potential Causes Of Action: Current Court Decisions

If you're filing or considering filing bankruptcy, one thing you need to know about is the need to disclose potential causes of action. Specifically, the Fifth Circuit recently held that, on ...
Continue reading "Bankruptcy And The Need To Disclose Potential Causes Of Action: Current Court Decisions" »

What are your bankruptcy options if you have an LLC?

Limited Liability Corporations or LLCs are authorized by states to operate in that manner. The Internal Revenue Service treats LLCs in various ways depending on their structure. In some cases, an LLC ...
Continue reading "What are your bankruptcy options if you have an LLC?" »

Choosing a Credit Card After Bankruptcy

The last thing bankruptcy filers need is a credit card. However, it's the best way to start. There are good credit cards out there; many are made for building credit and keep you from ...
Continue reading "Choosing a Credit Card After Bankruptcy" »

Dispelling Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Misconceptions

For those facing serious debt or debt they simply cannot pay due to unforeseen circumstances, bankruptcy is a viable solution. Once your bankruptcy is finalized, you can proceed in rebuilding your ...
Continue reading "Dispelling Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Misconceptions" »

Three Basic Tips for Stopping Creditor Harassment

On top of struggling with debt, people could face the stressful experience of getting harassed by creditors. They may receive repeated phone calls and letters threatening lawsuits and wage ...
Continue reading "Three Basic Tips for Stopping Creditor Harassment" »

Protect Your Vehicle in a Chapter 7 Bankruptcy: Exemptions and Using Your Car Equity

If you file for Chapter 7 bankruptcy, you'll want to protect your vehicle at all costs, especially if it's the only one you have for transportation. And you can do this by using certain ...
Continue reading "Protect Your Vehicle in a Chapter 7 Bankruptcy: Exemptions and Using Your Car Equity" »

Chapter 7 Bankruptcy Student Loans

Nearly all debtors do not have the authority to discharge a student loan debt. However, you can experience this benefit by proving that repayment of a student loan would cause hardship. It is possible ...
Continue reading "Chapter 7 Bankruptcy Student Loans" »

Are SBA Loans Dischargeable in a Chapter 7 Bankruptcy?

Yes. Be sure to distinguish between a businesses bankruptcy, individual bankruptcy, loan guarantee, and secured SBA loan. SBA loans are dischargeable in a Chapter 7 bankruptcy. SBA loans are also ...
Continue reading "Are SBA Loans Dischargeable in a Chapter 7 Bankruptcy?" »
  • Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

When You're

Ready to talk

Our firm is ready to listen. Call for a FREE case consultation.

Call Toll-Free 888.910.6652

"The Law Offices of James C. Shields is located in Torrance and proudly serves clients all throughout the South Bay including:

  • Long Beach
  • Irvine
  • Los Angeles
  • Palos Verdes Estates
  • Huntington Beach
  • Hermosa Beach
  • Redondo Beach
  • Manhattan Beach
  • Newport Beach
  • Costa Mesa
  • El Segundo
  • Rolling Hills
  • Hawthorne
  • Playa Del Rey and Culver City
Law Offices of James C. Shields - Torrance Bankruptcy & Estate Planning Attorney
Located at 21707 Hawthorne Blvd, Suite 204
Torrance, CA 90503.
View Map
Phone: (888) 910-6652
Local Phone: (310) 626-4404

Website:
© 2017 All Rights Reserved.