As a general rule of thumb, it is not a good idea to transfer assets or make big purchases right before you file for bankruptcy. However, sometimes a person facing bankruptcy has no choice but to purchase a vehicle right before filing. Remember,
Read MoreAs the parents of veterans who either came home from the war in Afghanistan or are currently serving, we at Morgan Hill understand the difficulty our vets have in restarting a "normal" life with
Read MoreEveryone here at Morgan Hill is all about staying active, and learning from the world around us. Me personally? I like to hike, play the blues, work on old cars, and pour over my collection of ancient records that only I care about. I thought about it, and I realized that
Read MoreIf everything goes to pot and you find yourself in the middle of a big, fat lawsuit, once it’s been filed the court will usually issue what’s called a scheduling order that lays out the different deadlines in the case. This includes a date by which all “discovery” must be
Read MoreMultiple studies over the last ten years have shown that medical debt is the leading reason that individuals file for bankruptcy. If someone is injured in a car accident, he or she may have to take time off work, and if that person had been barely scraping by, a week or two of lost wages can
Read MoreLet’s say your financial life is a mess. Your income doesn’t cover your bills, you don’t answer the phone because the bill collectors are screaming at you 24/7, you’re afraid to leave the house because
Read MoreThis is a picture I took outside of a used bookstore. It's both hilarious and sad, but it sums up the state of legal advice in this day and age. I don't know who owned this book, but I'd bet money that it didn't help them out in the long run. Actually, it probably ended up costing them money. It seems like every year the amount of clients that come to see us to fix their do-it-yourself legal work double, and Morgan Hill doesn't see this as a good thing.
Read MoreThere are situations when filing a Chapter 13 bankruptcy can help a homeowner save their house from foreclosure. When a debtor files the petition for bankruptcy relief, the automatic stay kicks in, preventing creditors from collecting any debts from the debtor. (Please see our section on the Automatic Stay for more information). During the lifetime of the bankruptcy, the Automatic Stay will prevent the bank from initiating or proceeding with a foreclosure. This gives the debtor an opportunity to pay back the money owed against the mortgage.
Read More