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There are two choices for bankruptcy in general consumer cases: a Chapter 7 “straight” bankruptcy or a Chapter 13 “reorganization” payment plan. Chapter 7 is the more preferred over Chapter 13 for individuals facing financial difficulties. The two main reasons is that there is no ceiling on the amount of debt with which you can …
Continue reading “Is There a Debt Limit for Chapter 7 Bankruptcy?”
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Filing bankruptcy may not be an ideal option for most people, but it may be the ultimate option you need to get out of a financial hole. Despite what most people think, filing for bankruptcy is not free. However, there may be other costs associated with the filing. You may also be eligible for your …
Continue reading “The Cost of Filing a Chapter 7 Bankruptcy”
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When your debt is out control and you are not able to hold your head above water with regard to your financial stability, your best option may be to file bankruptcy. You will no doubt have numerous questions and concerns. It will be in your best interest to consult with and hire an experienced Central …
Continue reading “California Debtor’s FAQs About Bankruptcy”
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When you are financially strapped, the overdue bills keep piling up, and your phone is ringing off the hook with collection calls, you may have no choice but to file for bankruptcy. Despite the bad wrap bankruptcy has, it can be a very helpful tool to help you get the financial restart you need. But …
Continue reading “Understanding the Basics of Bankruptcy Law”
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When you hit a financial wall, your only option for relief may be to file Chapter 7 bankruptcy. Filing for bankruptcy is generally not an easy decision for most people to make. However, when you ultimately make this decision, it is important to know what it is you are getting yourself into. One common question …
Continue reading “What Can Be Forgiven Under Chapter 7 Bankruptcy?”
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It is not easy to make the difficult decision of filing bankruptcy, even if you are going through a rough financial time. Proper planning can make this stressful process easier. It goes without saying that filing for any type of bankruptcy should typically be a last resort option and done only once you have satisfied …
Continue reading “Situations Where Filing Bankruptcy Can be Beneficial”
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If debt is not properly dealt with, it can easily evolve from a bill you have to pay to an extremely challenging legal action. If you are having financial difficulties, you should understand that more than ever you are not alone. Beginning with the COVID-19 shutdown and lockdowns, millions of individuals lost their job and …
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It is never a good time to file bankruptcy. However, what if you are unemployed and considering bankruptcy in California? Although anyone may file bankruptcy, it does not mean that the filing will be successful, regardless of your employment status. Being unemployed means your funds are limited and filing bankruptcy may seem like the right …
Continue reading “Can I File Bankruptcy If I’m Unemployed?”
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