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Filing for bankruptcy can get you immediate protection for many actions taken by creditors, including a landlord who you may owe rent to. This protection is called an “automatic stay.” Landlords, similar to most other creditors, are covered by this automatic stay because the law stops “any act to obtain possession of [your] property” or …
Continue reading “Will Filing for Bankruptcy Stop a Rental Eviction?”
Read More >>Filing for bankruptcy is never an easy decision. Although many different factors can impact each consumer’s decision, one common consideration is what will happen to debt owed to friends and family members. Most people who are looking to file bankruptcy often first look for ways to protect personal relationships and pay off those close to …
Continue reading “Should I File Bankruptcy If I Owe Friends and Family?”
Read More >>Debt hurts California families in many different obvious and direct ways. There is no doubt that juggling debt and dealing with creditors and debt collectors is stressful. For some families, carrying debt can mean not having available money to buy the more lavish things in life, while for others it means cutting back on daily …
Continue reading “The Impact of Financial Stress of Your Health”
Read More >>Misguided legal advice can hurt anyone, but especially those individuals considering or in the midst of a bankruptcy proceeding. Although family and friends usually mean well, misguided or inaccurate bankruptcy advice can negatively impact your decision or the outcome of your bankruptcy situation. Too often, this form for ill-advice comes in the form of dire …
Continue reading “Buying a House After Filing Bankruptcy”
Read More >>Just like any other legal claim, the law allows only specific amount of time for creditors to file a lawsuit for debt owed. This window of time to file a lawsuit or other legal proceeding is called “statute of limitations.” In California, the statute of limitations on most debts is four years. This means that, …
Continue reading “Suing for Old Debt in California”
Read More >>One of the biggest triggers for a bankruptcy filing is losing your job. This makes sense because most people who abruptly lose their job are not equipped to keep up with their financial commitments. However, this doesn’t mean that every option will be available to the recently unemployed, or that filing for bankruptcy immediately or …
Continue reading “Can I File Bankruptcy If I’m Unemployed?”
Read More >>Most people who find themselves in a financial bind and are considering bankruptcy are generally uncertain as to whether they qualify to file Chapter 7. For most people, the concern of not qualifying for Chapter 7 bankruptcy stems from misinformation from friends and family or the internet. In fact, in 2019, more than 11,000 people …
Continue reading “Chapter 7 Bankruptcy: Eligibility Checklist”
Read More >>Debt can wreak not only financial havoc, but also create major stress on your overall health. Juggling debt and dealing with creditors is stressful and unpleasant. Allotting money to pay off credit card and other types of debt means taking money away from other important life necessities. For some, it can even mean cutting back …
Continue reading “Financial Stress Impacts Overall Health”
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