• 15 May 2020
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Qualifying for Chapter 7 Bankruptcy In the Midst of the Coronavirus (COVID-19) Pandemic

Posted by Gurjit Srai In Bankruptcy May 15, 2020 0 Comment
Qualifying for Chapter 7 Bankruptcy In the Midst of the Coronavirus (COVID-19) Pandemic

If you and your Central Valley bankruptcy attorney have decided the best option for you after getting laid off in the midst of the COVID-19 pandemic is to file Chapter 7 bankruptcy, you need to figure out if you qualify. The first step in determining if this chapter is available is to take the means …

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  • 14 May 2020
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Using Bankruptcy to Help After Getting Laid Off Due to the Coronavirus (COVID-19) Outbreak

Posted by Gurjit Srai In Bankruptcy May 14, 2020 0 Comment
Using Bankruptcy to Help After Getting Laid Off Due to the Coronavirus (COVID-19) Outbreak

No one wants to file bankruptcy. But if you find yourself amongst the millions of people impacted by the outbreak of the novel coronavirus, bankruptcy might just make sense – especially if you were laid off and struggling with debt. Below is some helpful information about how a “last resort” bankruptcy can help give you …

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  • 11 May 2020
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Important Steps to Take If Filing Chapter 7 Bankruptcy During COVID-19

Posted by Gurjit Srai In Bankruptcy May 11, 2020 0 Comment
Important Steps to Take If Filing Chapter 7 Bankruptcy During COVID-19

As the coronavirus (COVID-19) pandemic continues to challenge individuals and businesses nationwide, many people are turning to Chapter 7 of the Bankruptcy Code for relief. A Chapter 7 Bankruptcy may be available to consumers, pursuant to which all unsecured debt can be eliminated. However, the individual filing for bankruptcy must first meet certain “means test” …

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  • 03 Apr 2020
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COVID-19: The Impact of the CARES Act on Chapter 7 Bankruptcy

Posted by Gurjit Srai In Bankruptcy April 3, 2020 0 Comment
COVID-19: The Impact of the CARES Act on Chapter 7 Bankruptcy

The President signed into law the historic Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Act”) on March 27, 2020. This $2.2 trillion stimulus package is designed to mitigate the widespread economic impact of the novel coronavirus. The Act includes certain provisions that temporarily modifies chapter 7 section of the U.S. Bankruptcy Code. …

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  • 20 Oct 2017
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Filing Bankruptcy to Discharge Student Loan

Posted by Gurjit Srai In Bankruptcy October 20, 2017 0 Comment

Getting higher education is a privilege that is supposed to bring financial stability and even prosperity. Unfortunately, while this is a goal for most college and graduate students, that is not always the outcome. Students all over the country are having trouble bearing the weight of their student loans. California is amongst the top states …

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  • 19 Oct 2017
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5 Most Common Reasons People File Bankruptcy

Posted by Gurjit Srai In Bankruptcy October 19, 2017 0 Comment
5 Most Common Reasons People File Bankruptcy

The number of bankruptcy filings in the United States has steadily increased over the last century. The vast majority of bankruptcies are now filed by consumers and not by businesses. The state with the most bankruptcies in 2011 was California, with more than 240,000 filings. This accounted for 17 percent of all bankruptcies nationwide. California …

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  • 16 Oct 2017
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Dangers of Filing Chapter 7 Bankruptcy Without an Attorney

Posted by Gurjit Srai In Bankruptcy October 16, 2017 0 Comment
Dangers of Filing Chapter 7 Bankruptcy Without an Attorney

Bankruptcy is generally a last resort decision for most people. When you make the decision to file Chapter 7 bankruptcy, chances are money is tight. The last thing you may want to do is to spend money to hire an attorney to handle the bankruptcy filing. The law may not require you to hire an …

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  • 12 May 2017
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Impact of Bankruptcy on Student Loans

Posted by Gurjit Srai In Bankruptcy May 12, 2017 0 Comment
Impact of Bankruptcy on Student Loans

People file for bankruptcy for many different reasons. Most people, however, file bankruptcy as a last measure – meaning, they don’t file unless their financial situation is real bad. Filing bankruptcy can be an effective way to start over without most of your debts. Unfortunately, bankruptcy will not wipe away every debt. There are certain …

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