Many times when people are faced with impending debt, they start looking for shortcuts to save money–using coupons and sales to buy groceries and other necessities, making sure to turn off all lights and appliances when they are not being used, or letting a few bills slide in hopes of catching up on the payments later. The first two are great ways of saving money! The last one can often land you in deeper trouble than you were in before!
When you have fallen noticeably behind on your utility bills, utility companies will shut off your utility. Fortunately, there are some requirements that utility services must follow before shutting off your utilities. The power cannot be shut off on days when the utility office is closed, which includes holidays! If there are members of the household whose health is dependent on a power supply, a utility representative must visit the house before the utilities are disconnected. Utilities services must also notify recipients before the utilities can be shut off.
I also have good news, courtesy of SignOn San Diego!
In reaction to stories from around the state that people were being cut off because the bad economy had made it difficult for them to pay their bills, the California Public Utilities Commission told utilities they had to take steps to prevent needless cutoffs.
In particular, the commission said power companies, including San Diego Gas & Electric, must give people at least three months, and up to a year, to get their bills up to date.
But what about people who have already had their utilities shut off and are seeking debt relief? More good news! “The bankruptcy laws require the utility company to restore the service of any utility that was terminated prior to the filing. A bankruptcy filing prevents the utility company from terminating an individual’s service.”
That’s right, Chapter 7 bankruptcy and Chapter 13 bankruptcy provide debt relief and can restore your utilities! You simply need to pay a security deposit within 20 days of filing to ensure your utilities stay on. Contact me or visit our Lancaster office for a free consultation! Bankruptcy attorney David Lozano is dedicated to keeping you debt free and powered up!
Everyone has a different grocery shopping approach–some make a list, others go in and shop for whatever looks good, some plan their shopping trip by clipping coupons and waiting for the biggest sales, others shop for what they need for the week. Whatever their shopping style, however, all shoppers will be affected by the increase in food prices this year!
There is a predicted 2% to 3% rise in food prices for 2011! According to Rick Plumlee, the break down of prices goes like this:
“Beef increased nearly 6 percent through Sept. 30 over the end of the third quarter in 2009. Pork shot up 10 percent, and fresh vegetables increased more than 4 percent. And then there are eggs. They jumped 11.3 percent, in part because of a salmonella outbreak in August at two Iowa farms.”
With the economy the way it is, any increase in prices is cause for concern! Gas prices are already causing people to pull their hair out. Although the government has turned to using ethanol fuel to try to keep the price of gas down. But wait, ethanol is made from corn! Do you know how many foods have corn or corn syrup in them? Not to mention how corn is used as feed for chickens.
As a bankruptcy attorney, I look at things from the perspective of my clients. Dealing with debt makes even the slightest jump in prices a nightmare! I advise my clients to practice good budget management. By sticking to a budget, my clients can take advantage of the times when prices are good and make do when they aren’t! Visit our Lancaster location today for a free consultation!
Want to avoid burdening your loan co-signer when you file bankruptcy? (Southern California bankruptcy attorney David Lozano is here to help!)
If you meet a friend for dinner and agree to go dutch, it would be rude to then stick your dinner company with the bill. It’s the same situation if you file bankruptcy without consulting the co-signer of a loan that has not been paid in full. While your debt may be eliminated with Chapter 7, the co-signer will still be held responsible for the full amount of the loan!
Creditors don’t acknowledge that one of the co-signers has been absolved of his or her share of the loan. Their only concern is collecting their dues, whether or not the co-signer has to pay double his or her share! Whoever the co-signer may be– a family member, friend, partner, or ex– they don’t deserve to be stuck with your portion of the loan as well as their own!
Does this mean you can’t file bankruptcy if you’ve co-signed on a loan? Not at all! By filing for Chapter 13 bankruptcy you can qualify to receive an extension on your payments, so that you can pay off your portion of the loan. Contact me for a free consultation on settling your debt without burdening your co-signer with the bill! It is the responsible thing to do!
Chapter 7 or Chapter 13–Part 2 (Hint: West Covina bankruptcy attorney David Lozano is here to provide advice!)
The key to deciding which bankruptcy claim is right for you comes down to the specifics of your unique circumstances. Chapter 7 and Chapter 13 were designed to be compatible with the common circumstances seen in bankruptcy, so it’s simply a matter of selecting the best fit if you qualify for both. It’s kind of like choosing which pair of jeans to wear. Sure, they both get the job done, but only one of them makes the cut when you want to look your best–or get your finances and life in order!
Some things to take into consideration when choosing the best bankruptcy plan for you include what kind of assets, mortgage loan or car payments you have. Are you responsible for any dependent children? Is there a divorce involved? Another important question to ask yourself is whether you are simply behind on your bills and need a little bit of leeway in order to catch up. The factors are numerous, but together we will figure it all out.
Depending on these and many other circumstances, Chapter 7 or Chapter 13 may be just the solution you’re looking for! You’ve probably been financially responsible all your life and just got hit with medical bills or got laid off unexpectedly. Whatever the reason, filing bankruptcy provides the means to get back on track with a fresh start!
Chapter 7 or Chapter 13? (Hint: Los Angeles bankruptcy lawyer David Lozano can help you figure it out!)
A lot of people visit me for a free consultation wondering what type of bankruptcy to file, if any. I am always happy to discuss this matter–it’s what I’m here for!
In a nutshell, Chapter 7 bankruptcy eliminates your debt completely while protecting most or all of your assets, including (usually) your home, car, and personal belongs. It also puts an end to the constant calls, letters, liens, and lawsuits from creditors. Not only that, there are no strings attached. Chapter 7 bankruptcy makes sure that once the debt is gone, it’s gone for good!
Chapter 13 bankruptcy provides a reorganization plan that makes repaying your debt a reality once more. It takes the same amount of debt and breaks it done into manageable portions to be paid over a determined amount of time. Chapter 13 bankruptcy helps you catch up when you’ve fallen behind–and it also puts an end to the calls, letters, liens, and lawsuits!
So which bankruptcy claim is better? In general, it’s a little harder to qualify for Chapter 7. Plus, it all depends on your particular circumstances, which is where I come in. Together, we can settle your debt using one chapter or another!
Don’t forget: David Lozano is your best source of bankruptcy information in Los Angeles. I will work hard to help you make the best choices and get your life back on track!