January 7, 2014


Do You Really Need A Bankruptcy Attorney?

For whatever reason, as an Encino, California resident you have decided you need to file for bankruptcy.  Now, you need to decide if you should spend the money on hiring an attorney or go down the “do-it-yourself” route.

The first, and obvious, reason you would possibly want to manage your own bankruptcy is to save money.  You need bankruptcy protect but you are, obviously, short on money and cannot pay your bills.   Now, you need to spend money, you may not have, to hire an expensive attorney.

The thing you need to understand though is that getting your bankruptcy wrong can cost you a lot of money – much, much more than the amount any attorney would charge.

What Makes You Think That Bankruptcy Is The Right Option For You?

The first reason that hiring a bankruptcy attorney in Encino is the right choice is the actual decision to file or not.  For the vast majority of people it’s a simple fact that they are not in the right position to decide if bankruptcy is the best option, and if bankruptcy is the right choice, what type of bankruptcy is the best.

Getting the consultation of a professional and competent attorney, even if you have to pay for that consultation, will ensure that you have decide on the right path for you going forward.

Do You Have The Ability To Stop The Harassment?

Everyone who owns money will say the same thing.  Creditor harassment is ceaseless and it feels like they won’t stop until they take the last pound of flesh you have.  This harassment can be stopped but that usually takes the skill and knowledge of a bankruptcy attorney that knows what they are doing.

This alone, for many, is worth the price of hiring a professional.

Is Now The Right Time To File?

Depending on your particular financial situation, timing the bankruptcy correctly can have a major impact on its success and your financial stability going forward into a better future.  It is only a person with a broad knowledge of bankruptcy law that can make the determination of exactly when the best time to file is.  Get this wrong and it can cause major problems later as your pending pattern before filing goes a long way to determining what happens during and after the process.

Do You Have The Skills To File The Petition?

Attorney study for years to pass the bar and then years more specializing in bankruptcy before they are of the highest quality.  If you want to file yourself you are going to have to commit a lot of time to learn the California state bankruptcy code and the Federal code.

Do not underestimate this undertaking.  This is very complex and will take you a long time – maybe time you that should be spent elsewhere.

Getting You Bankruptcy Petition Wrong Could Land You In Jail

The fact is that people go to jail for lying about the assets and money they list on their petition.

If you make a mistake you will find yourself justifying and proving that is really was a mistake and not a deliberate attempt to commit fraud.  Even if your mistake is genuine and just an oversight on your part, it could easily cause your petition to be denied.

Your bankruptcy attorney just won’t be making these mistakes and your risks will be mitigated.


If there was ever a time you should hire a professional, now is it.

Firstly a a bankruptcy attorney will tell you if, in fact you should file.  They will tell you what type of bankruptcy – or settlement options – is right for you and then get these creditors off your back, giving you time to breath.

Lastly, and very importantly, a professional attorney will get the job done right for you giving you the very best opportunity to move through the process as quickly as possible and come out the other end better and financially stronger.

This is why you should use the services of a bankruptcy attorney and not try to perform this very complex process yourself.

November 4, 2013


All About Investing In That Most Precious Of Metals – Gold

gold-in-many-formsIt feels like everywhere you turn, gold is being discussed.  By why? Well, gold has been the “go to” investment option during economic worries, and the world is seeing its fair share of those at the moment.

Precious metals, especially gold, have emerged as an off-set in opposition to inflation because traders believe these materials will keep or upsurge in worth as the main currencies drop in worth because of fiscal anxiety.

Renowned trader Warren Buffett talks about the mechanics of the occurrence perfectly when he discusses gold: “Gold is really a method of going long on worry, and contains been a pretty great way of going very long on fear every once in awhile. But you need to hope people are more afraid in a year or 2 yrs than they’re now. And when they are more afraid, you earn money; should they become less scared, you lose income. However the gold alone does not create anything at all.”

In other words, gold and silver tend to climb in cost when people have high levels of stress concerning the potential future. However when that worry subsides, prices fall back again to earth.

Well, judging from the costs of gold and silver coins, investors don’t be prepared to be fearful per year or two from right now. Gold costs have fallen a lot more than 17 percent this season. Exchange operator CME Team had to prevent the investing of silver four occasions on, may 19 after costs plunged a lot more than 9 percent that day time.

The bad information for precious-metals prices can in fact be considered a good sign. This means investors feel better concerning the economy. And with justification: The housing marketplace has started to bounce back again from the fantastic Recession, the typical & Poor’s 500-share index – an easy measure of market overall performance – has returned 15 pct so far this season, and consumer confidence reaches its highest degree since July 2007.

Precious metals are referred to as commodities. That means they must be the same regardless of who generates them. Gold, silver and platinum are commodities and also corn, sugar and wheat. Therefore is oil and gas.

Commodities industry on exchanges all over the world. Commodity prices are really volatile and hard to predict. Gold is really a prime instance as a commodity with long-term price movements that may shift very rapidly.

Just look at 1980: The costs for an ounce of gold rose to an after that all-time most of $850 an ounce in January of this 12 months, partly on fears that after that Federal Reserve Chairman Paul Volcker wouldn’t normally have the ability to tame rampant inflation. As Volcker demonstrated his capability to improve the federal funds rate to regulate inflation, investors realized the finish was not nigh plus they rushed for the exits. The cost of gold fell to $590 an ounce by that December.

Then, gold costs continued to decline, striking a 20-year reduced of $258 an ounce in 1999. But another gold hurry had started because the 2000 recession strike. From 2000 to 2012, gold prices improved sixfold. Now this season gold prices have started to plunge again. It is a roller coaster few traders can stomach. “Gold has confronted disappointment after disappointment,” said John Stephenson, a Toronto based fund supervisor for First Asset Expense Administration Inc. “It’s had a 12-year run, however the whole fearmongering that the planet will end is simply not working.”

Silver prices usually follow a similar design to gold, but aren’t usually in lockstep. That’s as the supply and need of both metals differs, and silver has even more industrial programs than gold. Same applies to platinum, which includes fallen less sharply in cost this season than both silver and gold.

What will this mean for the jewelry marketplace?

Regrettably, the turmoil in the precious-metals market doesn’t result in cheaper jewelry. That’s as the material found in the jewelry was already bought by the jeweler, and the marketplace for jewelry created from precious metals isn’t exactly like the markets for natural commodities.  This is why you should still look around for the best cash for gold jewelry prices and turn some of that high priced jewelry in spendable money.

Having said that, simple jewelry manufactured from gold and silver coins, especially gold jewelry, could be more sensitive to cost motions in the commodities marketplaces. But the purchase price doesn’t necessarily progress and down as rapidly as the gold cost.

Making an investment in gold and silver: Should you take action?

For several you contrarians on the market thinking about hoarding gold and silver coins now that the costs have dropped, you might like to reconsider. If you spend money on physical pubs and coins of gold, silver and platinum, you’d also be smart to purchase a secure and insure your small Fort Knox, and that kind of safety will reduce into your profits.

A better way to purchase gold and silver coins is through exchange-traded money. These funds, which industry on share exchanges, can track personal commodities. ETFs usually charge less annual administration fees than conventional mutual funds that spend money on commodities.

You can find ETFs for gold, silver and platinum. SPDR Gold Shares (symbol GLD), which tracks the cost of gold, may be the third largest exchange-exchanged fund in the U.S., with an increase of than $44 billion in assets.

Precious-metals ETFs may quickly not be the only method to round out a portfolio down the road. One particlular company has filed with the Securities and Exchange Commission to provide an ETF that monitors diamond rates. Unlike precious-metals costs that are supported partly by fiscal fear, diamond prices have a tendency to rise once the market does well. Diamond rates have amplified recently as consumers feel much better about spending for jewelry with larger stones.

Although it may sound enjoyment to deck out your portfolio with precious-metals ETFs, most investors are much better off with a diversified, low-cost commodities fund. This type of fund will provide you with contact with the agriculture, power and metals markets – that is important since they perform differently compared to the stock and bond marketplaces – without having to be whipsawed by the volatile cost swings of any specific commodity.