Conlon & Fong

When debts are piling up and creditors are hunting you down day and night, the last things on your mind are the subtle differences between the debts you owe. Many people don’t realize that those differences are incredibly important and will completely determine the course of action you should take. Do you know the difference between Secured and Unsecured Debt? Learn more: http://www.conlonfong.com/difference-secured-unsecured-debt/... #Debt #Stockton #Attorney

The famed rapper 50 Cent made national headlines in 2015 when he filed for Chapter 11 Bankruptcy protection, but it looks like those proceedings may now be over! The rapper had filed back in July of 2015, listing approximately $36 million in debts and a little under $20 million assets, following a lawsuit in which he was ordered to pay a Florida woman almost $7 million. The bankruptcy judge determined that 50 Cent would need to pay $23 million to creditors holding unsecured debt as part of a 5-year plan that was agreed upon in 2016. Learn more: http://www.conlonfong.com/rapper-50-cents-bankruptcy/

Common Myths Associated with Filing for Bankruptcy 1. Everyone knows once you file for Bankruptcy Because bankruptcy is a matter of public record, your name will be filed and available for search. But, because the number of bankruptcy filings is so large, unless someone is specifically tracking you the chances anyone finds out you have filed are very, very low. Unless you are a major corporation or prominent/famous individual and the bankruptcy filing is picked up by the medi...a, the only people who will know are your creditors and the people you tell. Learn more: http://www.conlonfong.com/common-myths-associated-filing-b/ #Bankruptcy #Freedom

The Truth About Life After Bankruptcy Well, the truth is that a whole lot probably didn’t change except for your eligible debts being gone following discharge, and a huge amount of stress being lifted off of your shoulders. Your credit will not be strong following your bankruptcy discharge, but it almost certainly wasn’t strong prior. Individuals who have completed a bankruptcy discharge will have record of that bankruptcy on their credit report for 10 years from the date of... filing. For many individuals, the presence of the bankruptcy on their credit report will not greatly impact their access to credit, because their score was not good before the bankruptcy discharge. The important thing is that you have completed your bankruptcy and you will now be able to begin rebuilding your credit. Learn more: http://www.conlonfong.com/life-after-bankruptcy/

If you are caught up in the middle of large debt, life can seem overwhelming and exhausting. You may feel hopeless with the thought that you could never catch up on with your financial responsibilities. However, that is not the case. The U.S. bankruptcy laws were designed to help people find relief from overpowering debt. Learn more about California bankruptcy law: http://www.conlonfong.com/california-bankruptcy-law/