Donald Edward Rinaldi - Attorney At Law

Donald Edward Rinaldi
100 North Citrus Avenue, Suite 315
West Covina, California 91791
(818) 332-8011   E-mail: DerEer@aol.com

CERTIFIED SPECIALIST
PERSONAL AND SMALL BUSINESS BANKRUPTCY

BIOGRAPHY

Donald Edward Rinaldi is a California CPA (Retired) with a JD from University of La Verne and a LLM (Taxation) from the University of San Diego.

Admitted to practice law in 1972, he has been admitted to all California courts, the United States Supreme Court, Federal District Courts for Central and Southern Districts of California, United States Bankruptcy Court, and the United States Tax Court.

He is a Certified Specialist, Personal and Small Business Bankruptcy, Board of Legal Specialization, State Bar of California.

He is a member of the California State Bar, L.A. County Bar, Eastern Bar Association of Los Angeles County (President 1995-1997) and member of the Los Angeles and Orange County Bankruptcy Forums of the National Association of Consumer Bankruptcy Attorneys.

TIP OF THE MONTH

Watch this space for tips about your rights as a debtor and ways to avoid financial problems

Many ads for financial institutions urge you to "consolidate" your debt with a home equity loan or line of credit. People often do this when they are out of work and think the unemployment is temporary.

Beware.

It is difficult, if not impossible, to borrow your way out of debt.

By using the equity in your home to pay credit card debt, you make the banks and credit card companies happy, but you may be digging a deep hole.

The reason is that if the unemployment is longer than expected, you may again get deeply in debt on the credit cards and may be unable to pay the debt, or later need to file bankruptcy. You have traded a debt that can be discharged in bankruptcy (the credit card debt) for one that cannot be easily discharged (the home mortgage).

This maneuver can even lead to the loss of your home.

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