Single or joint bankruptcy filing? –

THE debtor is 50 years old, while the spouse is 48 years old.

They have two children – an 18 year old son and a 16 year old daughter. The son is about to go to college out of state. The girl is about to graduate from high school and apply for state university. They expect that once the son is in college and the daughter is in college, they will have additional expenses related to their children’s college affairs of around $ 500 to $ 700 per month. .

They didn’t expect their kids to grow up so fast and already going to college soon. They got married in 2000. It was only 21 years ago. Then the son was born followed by the daughter. How happy they were when they were babies, toddlers and up to 12 years old. Once they entered college they started to socialize and going with the wrong crowd became a constant problem. It lasted until high school. They provided all their love and concern to their children, so despite all the negative forces, their two children are now eagerly awaiting college.

America is a meritocracy despite its imperfections

America, for all its imperfections, is in fact still a meritocracy. A college education and a profession is a sure way to move forward and get out of mediocrity here. It doesn’t really matter if you don’t have a relationship. If you have the right qualifications, the right higher education, the right income and the fulfillment of the American dream of having a house, a nice car and prosperity is within reach. No one can seriously dispute this assertion. Race is irrelevant. You can be black, brown, red, yellow or white, it doesn’t really matter as long as you have the right degrees, a good future for you is almost assured. All immigrants know this and have experienced it as a reality.

Immigrants who are professionals have a head start

Immigrants come here and immediately those who are professionals have a head start. Let’s just talk about nurses. If you are a registered nurse when you migrate here and you can get a local license here as a registered nurse, you are virtually guaranteed to find a job that will eventually earn you between $ 80,000 and $ 150,000 per year. There is a shortage of nurses here, so the nursing profession rewards those who are able to obtain a local license. Without a local license, sorry, you don’t get paid as a registered nurse, even if you are a registered nurse in your home location. This is just the way it works. You can be a doctor in your home country, but when you get here you need to take the medical exam, pass it, and get a local license to practice medicine. Without the local license to practice medicine here, you’re out of luck. You are relegated to a peon and will be stuck in a rut of low-paying routine jobs. The doctors here are well paid. If a registered nurse gets up to $ 150,000 a year, doctors are looking at $ 500,000 a year, and that’s not even a cap.

The problem, of course, is that it’s not that easy to pass the medical exam if you graduated outside of the United States. I know of doctors overseas who cannot pass the medical board exam here and who have made many attempts to pass but fail. They take other courses here to become registered nurses so that they can work as such. It’s really disappointing for them and it’s sad. But the lure of living here in the US attracts a lot of adventurous people that I know, because I’m one of them. Jesus and God the Father have given me all the support, guidance and protection here for my family and me. You must pray a lot and seek divine guidance and support.

Joint or single deposit of chapter 7?

Return to Customer: He owes $ 100,000 in credit card debt. His income of $ 96,000 a year is good. He plans to get rid of $ 100,000 in credit card debt with a Chapter 7 petition because he now pays $ 3,000 in minimum card payments per month. His wife owes $ 30,000 in credit card debt and she pays $ 1,000 in minimum credit card payments each month. Together they pay $ 4,000 for minimum credit card payments. Granted, that’s a lot of money for credit cards! If they continue with this payment, they will not be able to withdraw an additional $ 750 per month for their children’s college expenses. So things are happening and now they must seriously consider getting rid of credit card debt. If the husband himself files a Chapter 7 and clears $ 100,000, then he will save $ 3,000 per month. If the wife also files a case with the husband, making it a joint Chapter 7 case, then they will save $ 4,000 per month.

I suggest that the two of them file a joint case together in Chapter 7. There is no benefit in the woman keeping her $ 30,000 to $ 1,000 a month. His credit score is not very good either. If the two file together, both of their credit scores will hit over 600 next year and improve dramatically every year.

In three years, both of their credit scores will hit close to 700. Both of their credit scores are now already below 600. In 10 years, there is no record of their Chapter 7 filing and they are looking at over 800 scores. credit. assuming they handle the new debt well. They can get new credit, but no matter what they use, they have to pay in full when due, not minimum payments. If they are buying a new car, they need to make sure that all payments are made on time to increase their credit rating faster after bankruptcy.

At this point, I would like to introduce Blessed Carlos Acutis to you. He was a teenager who died at the age of 15 in 2007 who has dedicated his entire life since the age of 7 to being close to Jesus. He was a computer genius and created a web page chronicling the Eucharistic miracles that happened all over the world. HIS BODY IS INCORRUPTIBLE. His body is resting in Rome, Italy, and the public is allowed to visit him to see his completely fresh body and he looks like he’s sleeping! It’s 14 years after his death! It is a miracle going on in our world, and you can visit its website on the Internet. You will see images of the Eucharist that have turned into human flesh of heart tissue and blood of Jesus Christ! This human blood and tissue was determined by doctors to be type AB from the heart tissue of a person who has suffered greatly. The blood of Jesus Christ was determined, from the droplets collected and kept when he carried the cross, to be AB. These are examined and certified by doctors after scientific examination. Fraud by an external source has been completely ruled out. Please visit this website, it will make you feel good. If you still have doubts, use your credit card to travel to Rome to examine the incorruptible body of Blessed Carlos Acutis. He was an Italian born in London. If you still don’t believe, you are an idiot.

If you are in need of debt relief, please make an appointment and I will analyze your case personally.

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DISCLAIMER: NONE OF THE FOREGOING IS CONSIDERED LEGAL ADVICE. EACH CASE IS DIFFERENT.

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Lawrence Bautista Yang specializes in bankruptcy, business, real estate and civil litigation and has successfully represented more than five thousand clients in California. Please call Angie, Barbara or Jess at (626) 284-1142 for an appointment at 20274 Carrey Road, Walnut, CA 91789 or 1000 S. Fremont Ave., Mailstop 58, Building A-10 South, Suite 10042, Alhambra, CA 91803.

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