Bankruptcy

You made the decision to file bankruptcy and have even started the process. But now you may be wondering what your life will be like after the court gives you your final discharge, with the bankruptcy now over and you not owing most of your debts. This article looks at life after bankruptcy and what …

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You have made sound financial decisions for most of your life. However, bad things do happen to good, smart people. And even one small decision or action can wreak financial havoc on all aspects of your life. When you find yourself upside down financially with no room to make things better, your only option out …

Continue reading “What Does Filing Bankruptcy Mean?”

Bankruptcy can be a great way to reset your finances and get out from your burdensome debt. Most people who file for bankruptcy feel a great deal of relief once their case is over. But understanding the bankruptcy process and successfully getting through it can be daunting. That’s where a bankruptcy attorney comes in. Not …

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Bankruptcy cases involve three different categories of debts or claims: secured, unsecured and priority. If you are planning to file bankruptcy, you should have a basic understanding of these types of claims and how each is treated in a bankruptcy proceeding. Secured Claims A secured claim is a financial obligation that is backed by collateral …

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When you have hit a financial meltdown, bankruptcy may be your only hope for a fresh start. With the proper filing, you can straighten up your finances and keep the things you need to work and live. Before you file for bankruptcy, it is imperative that you hire an experienced Stockton bankruptcy attorney to explain …

Continue reading “California’s Exclusive Bankruptcy Exemptions“

Bankruptcy proceedings are processed through the U.S. Bankruptcy Court, which is part of the federal court system. Unless sealed, all documents filed in a bankruptcy case are public and can be viewed by anyone. Information contained in bankruptcy case documents is also a matter of public record.  What Is a Public Record and Are Bankruptcies …

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It is very unusual for a Chapter 7 bankruptcy filing to be rejected or denied, but it nevertheless does happen. Most denials or rejections are due to the lack of attention to details in the filing process or errors made on the preparation of the petitions. In other cases, fraud may be the reason for …

Continue reading “5 Reasons Your Chapter 7 Bankruptcy Case Could Be Denied“

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?”