• 18 Jan 2021
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Will Filing for Bankruptcy Stop a Rental Eviction?

Posted by srailawoffice In Bankruptcy January 18, 2021 0 Comment
Will Filing for Bankruptcy Stop a Rental Eviction?

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 …

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  • 15 Jan 2021
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Should I File Bankruptcy If I Owe Friends and Family?

Posted by srailawoffice In Bankruptcy January 15, 2021 0 Comment
Should I File Bankruptcy If I Owe Friends and Family?

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 …

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  • 13 Jan 2021
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What Is the CBRA: Consumer Bankruptcy Reform Act?

Posted by srailawoffice In Bankruptcy January 13, 2021 0 Comment
What Is the CBRA: Consumer Bankruptcy Reform Act?

On December 9th Senator Elizabeth Warren and House Judiciary Committee Chairman Jerrold Nadler introduced the Consumer Bankruptcy Reform Act of 2020 (CBRA) in both the House and the Senate. The Act would represent the most significant overhaul of the consumer specific provisions in the Bankruptcy Code since the Bankruptcy Abuse Prevention and Consumer Protection Act …

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  • 21 Dec 2020
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The Impact of Financial Stress of Your Health

Posted by srailawoffice In Bankruptcy December 21, 2020 0 Comment
The Impact of Financial Stress of Your Health

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 …

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  • 19 Dec 2020
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Buying a House After Filing Bankruptcy

Posted by srailawoffice In Bankruptcy December 19, 2020 0 Comment
Buying a House After Filing Bankruptcy

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 …

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  • 17 Dec 2020
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Suing for Old Debt in California

Posted by srailawoffice In Bankruptcy December 17, 2020 0 Comment
Suing for Old Debt in California

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, …

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  • 17 Oct 2020
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Can I File Bankruptcy If I’m Unemployed?

Posted by srailawoffice In Bankruptcy October 17, 2020 0 Comment
Can I File Bankruptcy If I’m Unemployed?

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 …

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  • 15 Oct 2020
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Chapter 7 Bankruptcy: Eligibility Checklist

Posted by srailawoffice In Bankruptcy October 15, 2020 0 Comment
Chapter 7 Bankruptcy: Eligibility Checklist

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 …

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