Southern California bankruptcy attorney relates the story of the character played by Ben Affleck in the film, The Company Men, to average men and women facing the loss of a job
Ben Affleck, a native of our own California, recently starred in The Company Men, alongside Tommy Lee Jones, Chris Cooper, and Kevin Costner. The film tells the stories of three men named Bobby Walker (Ben Affleck), Gene McClary (Tommy Lee Jones), and Phil Woodward (Chris Cooper) who are businessmen at the GTX Corporation but lose their jobs due to corporate downsizing. The drama is meant to reflect the economical state the US was going through in the late 2000s.
In the film, Bobby Walker discovers the hardships of losing his six-figure job. Walker’s golf club membership is canceled, and he is forced to sell his house–located in the beautiful suburbs–and his new Porsche. Unable to find work anywhere else, Walker reluctantly turns to the house building job his brother-in-law, Jack (Kevin Costner), offers him. The film accurately portrays the struggle that many Americans go through when they find themselves unexpectedly unemployed.
Walker, fortunately, was able to get back on his feet in the end thanks to help from his family. For people who cannot catch a break as Walker did, bankruptcy attorney David Lozano offers his services! The Law Offices of David Lozano can help you cope with the loss of a job and prevent foreclosure! Had Walker gone to a bankruptcy lawyer, he may have been able to keep his home and Porsche! Contact me or visit one of our Lancaster, West Covina, or Ontario locations for a free consultation!
Business owners often devote a full 40-hour work week to managing their business. This simply goes with the territory of owning a company, but I’ve found small business owners go a step further. They spend more than the allotted 40 hours a week making sure every project and final piece of paperwork is in order, down to the last minute detail!
Many small business owners will cancel or reschedule personal plans when a situation at work arises that needs their immediate attention. In fact, a small business owner’s personal life and business affairs are usually so entwined it is hard to tell where one ends and the other begins.
It is in cases like these–when the business is not a corporation, partnership, or a limited liability company (LLC)— that it falls on the owner to file bankruptcy if the business is in danger of going under. It is also important to understand that filing Chapter 7 or Chapter 13 for a business is different than filing personal bankruptcy.
In Chapter 7 business bankruptcy, ownership of the business is transferred to the bankruptcy lawyer, who is responsible for ceasing operations and liquidating the business’ assets with the proceeds going to the creditors. Chapter 13 business bankruptcy gives the owner more time to sell assets. The benefit of this is that the owner may be able to sell the assets for a better deal than what the assets would be sold for with Chapter 7 business bankruptcy.
When small business owners must file business bankruptcy it can seem like asking the owner to give up an arm or a leg. I know how attached small business owners can be to their company, and I do everything in my power to ease the process. Contact me for a free consultation to determine what needs to be done for your small business!
Can you still be successful after filing bankruptcy? (Bankruptcy attorney David Lozano answers, “absolutely!”)
Coming to terms with bankruptcy is a difficult process. If you’ve ever asked yourself, “how did this happen to me?” You are not alone! People have been asking themselves the same thing for decades. In fact, you may be surprised by just who has shared your exact sentiments!
After sampling several career choices that ended in failure, a man named Milton Hershey became an apprentice at a confectionery shop. At the end of his apprenticeship, Milton attempted to start his own business, yet that, too, failed, leading him to file bankruptcy. Fortunately, Milton found his calling as a candy maker and went on to form a business you may be familiar with–Hershey Chocolate Company.
Another case of celebrity bankruptcy was filed by none other than the founder of the Magical World of Disney, Mr. Walt Disney himself! Walt had his fair share of side jobs before he became the renowned man we know him as today. Walt’s interest in drawing led him to become a freelance commercial artist. He struggled for some time to make ends meet, dabbling in the area of animated cartoons.
Also during this difficult financial time in his life, Walt drew the first rendition of a character that would eventually change his life. He fondly bestowed the name of Mickey Mouse on the comical character he’d created. Despite all his efforts, however, Walt simply wasn’t able to get his drawing career off the ground and was forced to declare bankruptcy. Of course, Walt’s endeavors have a happy fairy tale ending that everyone can now enjoy!
It just goes to show you that no matter who you are, bankruptcy is a legitimate possible and is most definitely not an end-all! Contact me for your free consultation. Who knows, fame and fortune may be just around the corner! What wonders will you create with your fresh, debt free start?
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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!
Want to keep your home, car, and personal possessions despite your debt? (Los Angeles bankruptcy attorney David Lozano can make it happen!)
Bankruptcy laws were designed to benefit you, the average Californian! Bankruptcy is granted by a federal court to either businesses or individuals who are in debt and need a fresh start or an extension on their payment deadlines. There are several kinds of bankruptcy options, such as Chapter 7 and Chapter 13, but deciding which type to file is simple with bankruptcy attorney David Lozano’s assistance!
David Lozano will outline what is involved in the bankruptcy process step-by-step before you file bankruptcy so that you know what to expect. A concern that has been raised thousands of times by clients is whether they will lose their home, car, or other possessions which they hold dear. I am happy to tell you that as long as you are upfront about listing all the assets you own, there is very little risk of losing your possessions and property.
The idea that bankruptcy automatically leads to the loss of your possessions is a myth! In most cases your home, car, and personal possessions are exempt from being repossessed. David Lozano wants you to know beforehand what is going to happen when you file bankruptcy in order to ease your worries! So stop by one of our offices in West Covina, Ontario, or Lancaster for a free consultation!
As a Californian bankruptcy attorney, I’ve heard almost every kind of concern people dealing with debt have. One of the common concerns is that creditors will continue to contact you even after you’ve filed bankruptcy. This is a myth!
Once you file bankruptcy an “automatic stay” is put in place, which means creditors aren’t allowed to contact you. This puts an end to the constant calls and letters! It also prevents foreclosure and lawsuit attempts.
Bankruptcy laws were designed to give you a chance to get your life back in order. With the Law Offices of David Lozano, your fresh start can be made without creditors banging on your door demanding money! Contact me for a free consultation, so that you can get started on turning your financial situation around!
Worried about filing bankruptcy? (With bankruptcy attorney David Lozano there’s nothing to worry about!)
Who files bankruptcy? Anyone who finds themselves in over his or her head in debt!
Much to my dismay, the vast majority of Americans seem to be under the illusion that only irresponsible, lazy good-for-nothings file bankruptcy. Many of my first-time clients are under the same impression. They feel as though they have done something wrong. They’ve tried everything they could think of and have no where else to turn. It is common that when people step into my office for the first time, they feel like a failure.
I cannot stress enough how much this isn’t true! Nearly all of the clients who seek my help are your average Californian who is simply in a tight spot (many times through no fault of their own!). In your free debt consultation, the first obstacle I strive to overcome is dissuading you of any negative feelings you have concerning your situation!
The service I offer places no blame on you! (I’m sure you’ve put yourself through enough grief already!) I understand that you are in an unfortunate situation that is usually due to circumstances beyond your control. The loss of a job, sudden illness or injury, or back taxes are just a few examples of some of the unexpected setbacks that can occur.
I remind my clients that they have handled the situation to the best of their ability. It is the responsible thing to do to take charge of the situation, which is what they’ve done by contacting me! Together we can get you through the situation until you are debt free!
Do you have questions about foreclosure and how to prevent it? (Los Angeles Bankruptcy attorney David Lozano has the answers!)
David Lozano is a Los Angeles bankruptcy lawyer, but he is also well-versed in the foreclosure laws of California. With this knowledge I am able to answer the any questions my clients may have about foreclosure and how to prevent it. There are drawbacks to foreclosure that you might not know about, which I make clear to every client that walks through my door.
The first and foremost thing I tell clients, which you are probably well aware of already, is that your house will be repossessed and put on the market to be sold by your mortgage lender. Then you have to go through the process of searching for a new place to live, but there’s more to it than that. You are now at a disadvantage when it comes to finding a landlord that will rent out a home or apartment to you.
Clients also wish to know if there are alternative options besides foreclosure and bankruptcy. The answer is yes. You can try to refinance your home to get a lower interest rate, reduce your loan payment, or get an extension of the loan term. There is also something called a short sale and what is known as a “deed in lieu of foreclosure”.
A short sale allows the owner to sell their house even if it is for less than the amount they owe the mortgage lender. In some cases, the rest of the debt owed is waived because the lender does not wish to spend, and possibly lose, money on the foreclosure process.
A “deed in lieu of foreclosure” simply means the owner relinquishes ownership of their house to the lender. There are no strings attached, leaving the lender to sell the house for what they can while the previous owner no longer owes the lender anything!
During a free consultation, I will help advise you on which option would be best for your situation. I encourage you to keep in mind, though, that if you choose bankruptcy you get to keep your house! Not only that, you don’t have to worry about the repercussions that come with foreclosure! So why not contact me now for your free debt consultation? I guarantee you will be happy you did!