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California Bankruptcy Attorney Blog

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It's a natural instinct to want to repay family and friends before filing for bankruptcy. After all, they were there for you, lending you money long after bill collectors were starting to hound you. They knew you were in financial trouble, and maybe they even knew there was a good chance you weren't going to pay them back. It's almost a point of honor to try to repay family and friends before bankruptcy proceedings begin.

But don't do it.

As a competent California bankruptcy attorney can explain to you, trying to repay family and friends in advance of bankruptcy is frowned upon by the courts. Your Chapter 7 bankruptcy lawyer or Chapter 13 bankruptcy lawyer can explain to you that bankruptcy laws are designed to treat all your creditors fairly. When you give payments that favor one creditor over another, the court calls these “preferences”, and hands the job to the Bankruptcy Trustee to recover the payments that you made. Bankruptcy Trustees are unsympathetic and objective. As your California bankruptcy lawyer can tell you, it may seem that the Trustee is cruel, but it is simply their job. They aren't interested in who you borrowed money from or why the money was borrowed.

Get the Advice of a Qualified California Bankruptcy Lawyer

Often times, your California bankruptcy lawyer can help you negotiate a settlement with the Bankruptcy Trustee that enables your family and friends to avoid dealing with the Trustee. To avoid any potential problems or complications, and to make sure your friends and relatives get treated as fairly as possible, you should definitely enlist the help of a California bankruptcy lawyer. The sooner you find a Chapter 7 or Chapter 13 bankruptcy lawyer, the more likely it will be that you can pay your family and friends back what you owe them.

A California Bankruptcy Lawyer in Your Area

For residents of Southern California, contact the Wilshire Law Group first. With a commitment to work unwaveringly to represent clients facing bankruptcy, the Wilshire  Law Group can provide you with a California bankruptcy lawyer who has worked with many people who found themselves in sticky financial situations, just like yours. These days, with California experiencing more job loss than at any other time in recent decades, it's not unusual at all for hard-working Californians to need the help of a California bankruptcy lawyer. Between prolonged job loss and unexpected medical situations, the California bankruptcy lawyer from the Wilshire Law Group assigned to your case has seen it all. They stand ready to help you through this challenging time.


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Michael Shemtoub, California bankruptcy attorney, specializes in chapter 7 bankruptcy in California and chapter 13 bankruptcy in California
Serving California, including, Los Angeles, Beverly Hills, Bakersfield, Fresno, Orange County, Riverside, San Diego, San Jose, Santa Rosa and San Fernando Valley.

Serving the Northern California area, Bay Area, Peninsula, South Bay, East Bay, Monterey, Sacramento, including, San Francisco, Silicon Valley, Oakland, San Jose, Berkeley, Burlingame, San Carlos, Alameda, Santa Clara, Contra Costa, Marin, Napa, San Mateo, Palo Alto, East Palo Alto, Sonoma, South San Francisco, Atherton, Belmont, Brisbane, Colma, Daly City, Half Moon Bay, Hillsborough, Millbrae, Pacifica, Portola Valley, Redwood Shores, San Bruno, Woodside, Campbell, Cupertino, Los Altos, Los Altos Hills, Los Gatos, Los Gatos-Monte Sereno, Milpitas, Morgan Hill, Mountain View, Saratoga, Sunnyvale, East Palo Alto, Foster City, Fremont, Gilroy, Menlo Park, Newark, Redwood City, Hayward, Newark, Union City, Emeryville, Piedmont, Castro Valley, Albany, San Leandro, San Pablo, El Sobrante, Pinole, Hercules, Rodeo, El Cerrito, Lafayette, Moraga, Orinda, Walnut Creek, San Ramond, Concord, Martinez, Pleasant Hill, Pittsburg, Antioch, Brentwood, Oakley, Dublin, Pleasanton, Livermore, Alamo, Danville, Diablo, Belvedere-Tiburon, Ross, Sausalito, San Francisco Financial District, Cow Hollow, Marina District, Russian Hill, Nob Hill, Pacific Heights, Del Monte Forest, Emerald Lake Hills, Loyola, Muir Beach, Alamo, Mill Valley, Stinson Beach, Larkspur, Tamalpais, Lexington Hills, Corte Madera, Granite Bay, Sunol, North Woodbridge, Stockton, Monterrey, Montara, Rancho Murieta, Gold River, Clayton, San Anselmo, Discovery Bay, Moss Beach, Waldon, East Oakdale, and El Dorado Hills.

Serving the Southern California area, Los Angeles, Inland Empire, Orange County, San Diego, Long Beach, Santa Ana, Anaheim, Bakersfield, Riverside, Chula Vista, Irvine, Glendale, San Bernardino, Huntington Beach, including the LA Metro, the LA Basin, including Downtown Los Angeles, Ventura, Encino, Hollywood, Culver City, West Los Angeles, Los Feliz, Silverlake, Echo Park, West Hollywood, East Los Angeles, San Gabriel Valley, Venice, Pasadena, Santa Monica, Beverly Hills, Century City, Burbank, Altadena, Norwalk, Cerritos, City of Commerce, East Los Angeles, South Pasadena, El Monte, Lynwood, Florence, Whittier, Hawthorne, Gardena, Paramount, Cypress, Carson, Lakewood, Rancho Verdes, Garden Grove, Seal Beach, Torrance, Redondo Beach, Manhattan Beach, Sacramento, Fresno, San Luis Obispo, Westwood, Marina Del Rey, Malibu, San Fernando Valley, Van Nuys, Costa Mesa, La Jolla, Del Mar, El Cajon, Escondido, Oceanside, Carlsbad, Orange, Palmdale, Lancaster, Thousand Oaks, Simi Valley, South Bay, Pomona, Santa Ana, Ontario, Fontana, Palm Springs, Indian Wells, Rancho Mirage, Westchester, La Mirada, Panorama City, Newport Beach, Rancho Santa Margarita, Rancho Cucamonga, Rancho Bernardo, Mission Valley, Plaza Del Mar, La Jolla, Carmel Valley, Rancho Santa Fe, Woodland Hills, San Gabriel Valley, Rolling Hills, Fair Banks Ranch, Hidden Hills, Montecito, San Joaquin Hills, San Marino, Bradbury, Westlake Village, La Ca'ada Flintridge, Solana Beach, Calabasas, Rancho Palos Verdes, Toro Canyon, Carmel-by-the-Sea, Granite Bay, Tustin, Tracy, Summerland, and Sierra Madre.

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