Helping With Your Financial Future
When someone files a voluntary bankruptcy petition, the automatic y stay goes into effect. This generally means that creditors can’t take action to recover payment from the debtor. The automatic stay is covered under the Bankruptcy Code, and it has two primary...
Sometimes, people get so buried in debt that they may see no other way out other than declaring bankruptcy. This may be the case for people who have fallen behind on their mortgage payments. They may believe Chapter 7 bankruptcy will be the only option to save their...
In the ever-evolving business world, companies often face financial challenges that threaten their existence. One powerful tool that can help a struggling business stay afloat is Chapter 11 bankruptcy. Also known as business reorganization bankruptcy, this debt relief...
When a person’s debts become excessive, repaying creditors could prove challenging. When California residents find it impossible to repay their debts, they may file for bankruptcy. Bankruptcy can provide relief from overwhelming debt and offer a fresh financial start....
If you are like many others in California, you struggle with debt. If you have trouble paying even after taking a variety of measures, you might be a good candidate for debt settlement. When considering this option, it’s crucial to be aware of these common scams....
In California, when you have certain types of debt canceled, such as through bankruptcy, you are no longer obligated to repay the money to your creditor. However, this can come with a catch. Sometimes, you may have to pay taxes on the forgiven debt. The following...
Many California residents fear bankruptcy and the stigma it holds. However, when you’re struggling with debts and unable to pay some or all of them, it can be a lifesaver. It’s even possible to buy a home after bankruptcy; this is what you need to know and the steps...
California is the place where many people have realized their dreams. It's also the venue for many bankruptcies over the years. If you fall into the latter category, don't panic. Your credit and reputation are not permanently damaged. There are many methods you can...
Retirement is a thought on the minds of many California adults. If you are at retirement age and have significant debt, retire with significant debt, filing for bankruptcy could be the right move. Taking the means test The means test is a commonly used test measuring...
In California and other states, no one wants to find themselves in a position where they need to file for bankruptcy protection. However, separating the facts from the fiction can demystify the process and help people make informed decisions about how this option may...