Bereliani Law Firm, P.C.

12/10/2024

ATTORNEYS~ If you can make it to the Westside (BH) tonight, please join us for a holiday reception sponsored by the Central District Consumer Bankruptcy Attorneys Association, Westside Bar Association, IALA, IABA, and CCR!!

Admission is free but RSVP is Necessary
Tinyurl.com/WBA24

12/13/2023

Grateful, Present, and Excited to get rid of your junk!!

07/17/2023

Grateful 🙌💃🙌

07/11/2023

I’m awed by so many of our clients jobs, patience, & work ethics. Grateful to be help them as they help those really in need!

03/11/2023

If a bank can’t handle the Federal Reserve’s increase in interest rates, you think normal people can?

This week, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.

12/31/2022

Wishing you and your loved ones a 2023 filled with Health, Love, and Peace of Mind so you can attain all your heart desires!

Grateful to see our clients living their best lives with a fresh start & equally as grateful for our partners, colleagues, and mentors!

There is good waiting for you on the other side of What If 💙

10/24/2022

When you file for bankruptcy, you are requesting the "Discharge" of your debts because you do not have 'disposable income' to pay your creditors & you do not have any 'unexempt assets' that can be 'liquidated' to pay back your creditors. There are some debts that are NOT dischargeable automatically, like certain taxes & student loans (but can be).

Now, if your creditor files a legitimate adversary complaint (lawsuit) against you within the time allowed by the Court, there is a good chance that the debt owed to them can be excepted from discharge, meaning you can always continue to owe this & it will not be dischargeable even in a future bankruptcy. These are successful if fraud/bad faith can be shown....

NOW, there is a case pending in front of the Supreme Court which can affect spouses & business partners of the filing Debtor, who are accused of these non-dischargeability claims. The lower courts (ie 9th Circuit) has held that a person cannot escape liability of her business partner's fraud due to lack of knowledge"

How does this make sense?? How can someone be liable for the conduct of another, when there was no knowledge of the fraudulent conduct?! This will be a major win for Creditors.

(THIS is why you need a Bar Certified Bankruptcy Attorney, as a Debtor or Creditor!!)

Volume 29, Issue 13 This Report summarizes opinions issued on April 28 and May 2, 2022 (Part I); and cases granted review on April 25 and May 2, 2022 (Part…

10/01/2022

2022 is shaping up to be a problem for consumers as the Government stimulus money dries up and reality begins to come home. Historically an increase in what is commonly known as “Zombie Homes” is a leading indicator of a coming recession. Recent reports show an increase of “Zombie Homes” for a second quarter.

For clarity, a “Zombie Homes” is a household abandoned by its owners while in pre-foreclosure status. The NationalMortgageNews.com reported that a total of 7,707 residential properties facing foreclosure are sitting vacant in the third quarter, increasing by 1.8% from 7,569 three months earlier and 2.2% from 7,538 year over year. This represents the second consecutive quarterly increase in zombie numbers. The trend runs counter to vacancy rates relative to all U.S. properties, which fell to just under 1.3 million, equaling 1.28%, or one in 78 homes. The total is down from 1.31% during the second quarter and 1.35% a year ago.

Looking back at history, the same trends preceded the 2008 housing crash and earlier US housing declines. When tied to two other leading indicators such as post COVID increases in credit card usage and lower savings rates, the times are looking bad going forward.

09/29/2022

Great News for Bankruptcy filers in California!

The California Senate approved SB 1099, authored by Senator Bob Wieckowski, which states that If the consumer’s equity in a residence does not exceed the allowed homestead exemption (currently at $626,000 in LA County) when the bankruptcy petition is filed, SB 1099 would make any appreciation in the property’s value exempt during the case (eliminating the incentive for Trustee's to stall a case until the family home appreciates enough to forcibly sell it). SB 1099 also increases the amount of equity in a motor vehicle that is exempt to $7,500 in “703” exemptions.

Also Homestead exemption in LA County should possibly be increasing by another $50k as of January 2023! Yay

08/22/2022

When do you think it’ll start?? Or has it?

The Federal Reserve is unlikely to tame inflation without pushing the American economy into a recession, according to a survey of economists released Monday.

07/20/2022

It’s the little things in life that make you smile. Always so grateful 🙌💙🙏🏼