Khan Law Offies

Bankruptcy News & Tips Blog

How Will My Low Credit Score Affect Getting a Job?

Often times, when I counsel individuals on their credit, they are concerned with how their low credit score will affect their overall lives.  They want to know if their lower credit score will affect their ability to gain new employment or affect their current employment. The answer to this is complicated, but a lower credit

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What Makes Up Your Credit Score?

Your credit score is important. It can mean the difference between being denied or accepted for credit. It can also determine the interest rate on a loan. And it could even determine your eligibility for a job one day.  It is important to understand all that goes into your credit score. FICO dominates the market

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The Best Strategy for Creditor Lawsuits

If you have unpaid debts, at some point you may be sued by your creditors. Though some may choose not to sue you, that should not be your reason to ignore your debts. Upon receiving the lawsuit notification, you must carefully consider your options and what is best for your situation. Filing for bankruptcy is

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What Bankruptcy Can Mean For YOU

While no one sets out to file for bankruptcy, the simple matter is that sometimes you are faced with situations that make it difficult or impossible for you to pay your bills.   Faced with insurmountable debt and the inability to make payments to your creditors, there is a very real chance that your credit report

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Tax Debt & Bankruptcy: Not Always a Match Made in Heaven

Eliminating tax debt through bankruptcy is not as simple the advertisements on television and the radio make it seem. Though not impossible, discharging tax debt in filing for bankruptcy must meet certain criteria. And even if some tax debt is dischargeable in bankruptcy, others are not. Let me break it down for you so you

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My Free Gift to You: “Pathway to Financial Freedom”

I am proud to be both a legal counselor and dedicated advocate for my clients. You can be assured that I will help you through your difficult financial time, offering compassion, sympathy, guidance, unwavering support and supreme confidentiality. My number one goal is to educate you on your options. Khan Law is a debt relief

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Why Dipping Into Your Retirement is NOT Worth It

If you struggle with overwhelming debt due to any number of reasons, you are not alone. Thousands of people in the Tri Valley and San Joaquin area are facing insurmountable credit card balances, student loans or medical bills through no fault of their own. To alleviate this debt, you may find yourself wanting to use

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How This #LawMama Keeps Balance

I have been working in the field of law for over 12 years, and yes, it has had its challenges here and there.  But nothing is as challenging as balancing a career, kids and spouse. I do feel as though I have a good work/ life balance, but I am constantly searching for ways to

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3 Steps to an Improved Monthly Budget

As you embark on keeping our New Year’s promise for a better financial year, I encourage you to create and maintain a budget for you or your family. The best way to achieve your overall financial goals or truly assess your financial situation is through a budget. A strong budget outlines the whole picture of

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The Top 5 Questions Asked by Clients

Filing for bankruptcy or getting into debt trouble is overwhelming and daunting.  It is my goal to relieve your stress and help you through the process. I keep clients educated and communicate to them throughout the entire process. I provide a non judgmental environment and aim to help clients understand their financial problems and exercise

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Entering the New Year with Debt?: Goals to Get Back on Track

By Alia Khan Happy New Year! As we all know, at the start of the new year many people form resolutions. Unfortunately, these goals most likely are forgotten by February.  The year starts out with promise; we feel optimistic and ready. Then, life happens! Most likely life happens in the form of those nagging holiday

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My Path to Bankruptcy Law

With a myriad of fields in which to practice law, some may wonder how I decided upon the field of bankruptcy law. When I started my law career, I knew I wanted to help people. Plain and simple; I wanted to make their lives better with the work I was going to do. After experiencing

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Thankful

It has been an exciting year for Khan Law. We are still practicing Bankruptcy law and helping people one petition at a time. We understand how daunting the prospect of filing for bankruptcy can be. Our compassionate, sensible and realistic approach to debt relief has helped our clients regain financial freedom and confidence. Read what

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Rumor vs. Fact: The Truths Behind Filing for Bankruptcy

It is a common rumor that filing for bankruptcy will ruin your credit forever.  Another is that while filing for either Chapter 7 or 13 bankruptcy, you will not be able to use your credit card, take out a car loan or purchase a home.  The truth is you can buy a car after filing

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The Scam of Debt Consolidation vs. Filing for Bankruptcy

Debt does not discriminate.  People from all ethnicities, creeds, genders, financial statuses, and geographical locations find themselves in a financial crisis that renders them incapable of fulfilling their monetary obligations. There are choices for people who find themselves in debt trouble. Some people turn to debt consolidation companies while others make the decision to file

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Chapter 7: The Road to Debt Elimination

Chapter 7 refers to a chapter within the United States federal bankruptcy law that allows qualifying debtors to eliminate most kinds of unsecured debt. A Chapter 7 bankruptcy, also known as a “liquidation” bankruptcy, can eliminate most of your debts within a few months. As part of the process, you may also be required to

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Filing for Bankruptcy Can Improve Your Credit Score

While no one sets out to file for bankruptcy, the simple matter is that sometimes you are faced with situations that make it difficult or impossible for you to pay your bills. Faced with insurmountable debt and the inability to make payments to your creditors, there is a very real chance that your credit report

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Think Twice Before Filing for Bankruptcy without an Attorney

According to a 2011 study by the United States Bankruptcy Court for the Central District of California, 1 out of 9 people file for bankruptcy pro se, or without an attorney. The reasons people give for filing pro se range anywhere from believing they cannot afford an attorney to being misled about the necessity of needing

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Can You Buy a Home After Bankruptcy?

Is it possible to purchase a home after going through bankruptcy? There is a short and long answer to this question. The short answer is ‘yes.’ The long answer includes the details surrounding that ‘yes.’ Once your bankruptcy case is over, there are no laws preventing you from purchasing a home. The most common forms

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car-in-bankruptcy

What Happens to Your Car in a Bankruptcy?

Most people who file for bankruptcy and own a car are allowed to keep it during and after their bankruptcy case.  When filing for bankruptcy, be it Chapter 7 or Chapter 13, there are some choices you can make when it comes to your vehicle. Chapter 7 and Chapter 13 are different when it comes

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How to Increase Credit Score to 720 or Above

Having a credit score below 720 can greatly affect many things in your life such as getting employment, a rental lease, a home mortgage, a home equity loan, an auto loan, a low interest rate, and you can even be denied some types of insurances.  There are several steps you can take to raise your

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Can Bankruptcy Benefit Seniors?

Many senior citizens, between the ages of 55-75 have contacted my office wondering if bankruptcy is right for them. They are living on social security and/or a small income from part-time employment. Many times they don’t have any real asset or they have a home with some equity in it. They have mounting credit card

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4 Tips for credit cards after bankruptcy

Should you sign up for credit cards after you file for bankruptcy and get your discharge? The ANSWER IS YES! After getting all your debt discharged, its normal to feel scared and nervous about applying for and having another credit card in your wallet. However, I am here to tell you that it is imperative

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The 7 Myths of Bankruptcy

I cannot say it enough—Bankruptcy is an awesome debt relief option. The benefits of bankruptcy clearly outweigh the few negatives. The first myth is that you won’t qualify. Whether you are working or unemployed, we can qualify you for bankruptcy. If you have the normal monthly expenses that we all do—rent, utilities, gas, car payments,

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good-credit-score

Five Highlights to Having Great Credit

Paying bills on time, keeping debt at a manageable level, not extending yourself beyond your ability to pay, refraining from pulling your credit too often, and regularly checking your credit and credit score can have many beneficial impacts. A high credit score is not just a means to show that you are a responsible person

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small-business-bankruptcy

Is Your Small Business Filing For Bankruptcy?

You Might Want to Tweet About It Before the Courts Take Away Your Social Media Accounts #bksocialmedia. In a new twist of bankruptcy rulings, a Texas court ordered a corporate debtor to relinquish to his partner his possession and control of the social media accounts associated with their small business. In 2014, the business, Tactical

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bankruptcy and credit scores

How to Repair My Credit after Filing for Bankruptcy

If you were among one of the 936,795 people who filed for bankruptcy last year, you may be wondering how you can repair your credit. This is a common question among my clients at Khan Law, and I have successfully helped people in your situation. Here are some of the most helpful tips to increase

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Bankruptcy-and-Credit-Score

A Different Perspective on Bankruptcy and your Credit Score

While no one sets out to file for bankruptcy, the simple matter is that sometimes you are faced with situations that make it difficult or impossible for you to pay your bills.   Faced with insurmountable debt and the inability to make payments to your creditors, there is a very real chance that your credit report

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Think Twice Before you File Bankruptcy Without an Attorney

Thinking of Filing for Bankruptcy? Think Twice Before you File Bankruptcy Without an Attorney. According to a 2011 study by the United States Bankruptcy Court for the Central District of California, 1 out of 9 people file for bankruptcy pro se, or without an attorney. The reasons people give for filing pro se range anywhere from believing

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