Preparing documentation for bankruptcy as a gambling addict requires transparency and thoroughness to avoid complications and ensure the process moves smoothly. Here’s a step-by-step guide: 1. Gather Financial Records Income Statements: Pay stubs for the past 6 months. Tax returns for the past 2-3 years. Bank Statements: Include all accounts for the last 6-12 months […]

When you stop paying your credit cards, the consequences can escalate over time and affect your credit score, finances, and even legal standing. Here’s a breakdown of what can happen: 1. Late Fees and Increased Interest Rates (1–30 days late) Late Fees: Most credit card companies will charge you a late fee for missing a […]

Bankruptcy Exemptions When filing for Chapter 7 Bankruptcy, you are allowed certain bankruptcy exemptions. They are referred to as 703 and 704 exemptions. These are also protections of your income and assets. The exemptions allow you to keep some or all your assets, California allows for many exemptions of your property, retirement accounts and other […]

1.) Initial Consultation: This meeting usually takes place via phone or video conference. It lasts about an hour and Attorney Khan will go through the entire intake process with you. You should be 100% transparent about your income, marital status, and assets you own, and have a list of all bank accounts. My questions will […]

Using your credit cards just before filing for bankruptcy can be risky and may raise concerns. Here’s what you need to consider: Potential for Fraud: If you make significant purchases or cash advances on your credit cards shortly before filing, the bankruptcy court or your creditors may view these transactions as fraudulent. This is especially […]