|
|
 |
|
Background
|
| For over 20 years I have provided quality legal, Certified Public Accounting, and consulting services for numerous individuals, partnerships, and corporations. |
-
I have provided estate planning and probate services for clients in all ranges of asset size -developing plans that specifically meet their goals and objectives.
-
I also understand the fiduciary duties of trustees and other service providers having been Bank of America's senior fiduciary and ERISA counsel for over 8 years.
-
Recently, I taught Estate and Gift Tax in the San Jose State University Masters of Tax program. Currently I am teaching Executive Compensation in SJSU's program.
-
I have spent several years with Deloitte & Touche and BDO Seidman counseling families, executives and their companies.
|
| Goals: |
-
My goal is to provide professional, courteous, and confidential bankruptcy legal services at a reasonable fee.
-
I enjoy working with families and helping them achieve the comfort and peace of mind that comes with a suitable solution to financial problems.
|
| Licenses and organizations: |
-
I am a member of the California Bar Association and American Bar Association Trusts & Estates section, as well as the Real Property section.
-
In the past I have been a member of several estate planning organizations such as the Los Angeles and Beverly Hills Estate Planning Councils.
-
I was the chair of the Los Angeles County Bar Associations Gift Tax Committee.
-
As a Certified Public Accountant I focused mainly on individual income taxes.
|
|
Should you file bankruptcy?
Answer: The word "bankruptcy" has traditionally carried a negative stigma. Because of that, many people fear the bankruptcy process. In certain situations it can be a solution that brings peace of mind and a chance to begin anew. If you are concerned about garnishment, repossession, foreclosure, creditor lawsuits, job loss and the impact of those concerns then perhaps you should consider bankruptcy.
What type of bankruptcy is available?
Answer: For individuals (not businesses) there are generally two types of bankruptcy to consider: Chapter 7 and Chapter 13. Those are chapters under the Bankruptcy Code.
Distinguishing Characterisitics:
Chapter 7:
- This is the "fresh start" chapter. All non-exempt property is sold and the proceeds are distributed to creditors. If a person qualifies for Chapter 7 then there are no net "assets" to lose because liabilities are so much greater. Thus, the fresh start may take place fairly quickly. This "liquidation" process is the most common form of bankruptcy. Most, if not all, debts are discharged within months of filing.
Chapter 13:
- The goal here for a debtor is to repay some of the debts on better terms (e.g., lower or no interest). This involves a "restructuring" of debt. The debtor uses whatever income he or she has to pay off creditors in the future. This type of bankruptcy is used by debtors with regular income that can afford to make payments after the adjustments. The time limit for payment is 5 years and is under court supervision. The benefit is that debtors keep their property. If the payments are made under the plan a full discharge is given the debtor. Creditors may object to the plan but the court has final say on the plan terms.
|
| CALL FOR A FREE, NO-OBLIGATION BANKRUPTCY CONSULTATION |
|
| |
|
