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Category Archives: Bankruptcy

What To Do While You Wait To Be Discharged From Personal Bankruptcy

This particular applicant is not really an applicant for a loan or mortgage. He is looking for information about what he can do while he waits to be discharged from bankruptcy. These kinds of questions are a little bit out of the scope of what we normally deal with on this web site, however we […]

New Start Loan – Recently Discharged from Bankruptcy – Pasadena, CA

This client is looking for what is called a new start Loan. New start loans are loans for consumers who have just recently been discharged from bankruptcy. They live and work in the Pasadena, CA area. Unfortunately this client is like many other people in California and the rest of the US, they were under […]

Recovering from Bankruptcy – Regaining Your Credit Rating

The answer may be “No” now, but that’s not a “No” forever! If you are about two years from your bankruptcy discharge and have reestablished at least one new form of credit (department store credit card, etc.,) you may have a chance of being approved for a loan or mortgage. Typically though lenders are looking […]

Divorce and Bankruptcy In LA (Dennis and Sandra)

Dennis and Sandra were married when they were 27 years old (Dennis was 28 actually, and Sandra was 27). Dennis worked in an auto body shop and made a fairly good earning due to the many hours he put in. Sandra also worked – as a checkout girl at the local Wal-Mart. They were never […]

Should I Declare Bankruptcy?

A last resort is bankruptcy, and you should never take the step without adequate legal advice before hand. The reason is that under the Fair Credit Reporting Act (FCRA) a bankruptcy will stay on your credit record for up to 10 years. (All other negative information will stay on your record for up to seven […]

Declared Chapter 7 Bankruptcy – The Bank Says Our Mortgage in Null and Void

We’ve heard this story many times over the years (two of our writers at California Loan Find were previously bank employees) and it goes like this, “I’ve declared personal bankruptcy and now our bank says our mortgage agreement is null and void – what do I do”. First of all, if you are able to […]

California Chapter 7 Bankruptcy Exemptions

California’s bankruptcy law provides the following 2 Schemes for claiming Chapter 7. Both of these personal bankruptcy schemes are listed below. If you think that you are ready for bankruptcy, or considering personal bankruptcy, don’t despair. I’ve claimed chapter 7 once and it’s not the end of the world for you and your family. You […]