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Filing for bankruptcy is an important and necessary step for many individuals, although it is not always the easiest or quickest process. Those filing for bankruptcy must sift through the particulars, including amounts of filing fees,

Approximately 18 months after the Federal Deposit Insurance Corp. seized the assets of First Regional Bank in Los Angeles, its holding company, First Regional Bancorp, has filed for Chapter 11 bankruptcy. At the time of the seizure, First Regional Bank had $2.18 billion in assets. The FDIC forced a sale to First Citizens Bancshares, Inc.

Divorce and bankruptcy often go hand-in-hand, especially in today’s economy.

Divorce can lead to financial challenges. When spouses decide to divorce, they are splitting their property into two and going from two incomes to one. This is a significant financial change that few people are able to anticipate.

In this blog post, we will briefly address some of the common questions our clients have about bankruptcy. Please keep in mind that this is general information and should not be construed as legal advice.


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