Michael Erik Clark’s Answers

Michael Erik Clark

West Covina Chapter 7 Bankruptcy Attorney.

Contributor Level 3
  1. Filed a Chap. 13 with help from my attorney, he did most of the papers and I went to LA, to file them.

    Answered over 1 year ago.

    1. Michael Raymond Daymude
    2. Dorothy G Bunce
    3. Rex Tran
    4. Michael Erik Clark
    5. Sandra Maria Nutt
    5 lawyer answers

    I am sorry to hear that this happened to you. Unfortunately in the past few years many attorneys have flocked to the practice of bankruptcy and have been learning on the job. Seek out an attorney who handles consumer bankruptcy cases exclusively and who has a good reputation in Chapter 13. You can have the bar to refiling lifted by filing a motion with the court. A good attorney will be able to assess your facts and see if you will be a good candidate for having the restriction for filing...

    4 lawyers agreed with this answer

  2. I am filing bankruptcy in California. Is there a process I need to do before using the #2 homestead exemption?

    Answered over 1 year ago.

    1. Michael Erik Clark
    2. Sandra Maria Nutt
    3. Edmond Richard McGuire
    4. Michael Glynn Busby Jr.
    4 lawyer answers

    You need to list all assets (including real estate) describing their value and identifying any secured claims against those assets. If it turns out that your property is worth less than what you owe the schedules will show as such. Since you mention that you "want to have exemption value for other properties" please note that California's homestead exemption only applies to your residence. This answer is NOT intended to create an attorney/client relationship and is for informational...

    2 lawyers agreed with this answer

  3. I'm looking for a Chapter 13 lawyer with experience with cram downs before Vincent Zurzulo.

    Answered almost 2 years ago.

    1. Brad Francis Weil
    2. David Patrick Farrell
    3. Michael Erik Clark
    4. Mikalah Liviakis
    4 lawyer answers

    We have filed hundreds of successful Chapter 13 cases in Los Angeles and many of those with Judge Zurzolo. We have several offices throughout LA. Feel free to call us at 626-332-8600.

    2 lawyers agreed with this answer

  4. 2nd mortgage and filing chapter 7 or 13

    Answered almost 2 years ago.

    1. Jonathan David Leventhal
    2. Hermin A. Dowe
    3. William James Waters
    4. Justin Drayton Graham
    5. Brian Crozier Whitaker
    6. ···
    8 lawyer answers

    You can try to negotiate with the lender before, during or after you file your bankruptcy regardless of the Chapter. Lots of possibilities and we have seen all of them accomplished by various clients. Having the advice of good counsel is strongly suggested though because there are many ways to make mistakes along the way.

    1 lawyer agreed with this answer

  5. In a CH13 BK, is it standard practice to add interest to each payment amount disbursed to a creditor by the Trustee?

    Answered almost 2 years ago.

    1. David Patrick Farrell
    2. Mikalah Liviakis
    3. Brian Crozier Whitaker
    4. Ashley Anne Digiulio
    5. Brad Francis Weil
    6. ···
    6 lawyer answers

    I assume you are talking about the Chapter 13 administrative fee. This is a fee that the Chapter 13 Trustee collects to fund her operation. It is standard and everyone in Chapter 13 pays it. It is a percentage that is calculated based on the amount of money the Trustee distributes through your plan of reorganization. Hope that helps

    1 lawyer agreed with this answer

  6. Went through a chapter 7 and had to give up my rental house in the bankruptcy was discharged in july 2010 title is still

    Answered almost 2 years ago.

    1. Dorothy G Bunce
    2. Diane L Gruber
    3. Michael Erik Clark
    3 lawyer answers

    There should be plenty of real estate brokers out there that will short sell the property. If it is in Southern California, call me and I can refer you to a short sale specialist. 626-332-8600

    1 lawyer agreed with this answer

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