If you file for Chapter 7 bankruptcy in California, you may be entitled to an automatic stay of creditor activity. The automatic stay may prevent a creditor from foreclosing on a house, repossessing your car or seizing a bank account. Generally speaking, the stay...
Helping With Your Financial Future
Month: August 2021
Can you buy a house after bankruptcy?
When a debtor in Escondido, California, doesn't see a way out of debt, bankruptcy can give them relief. However, a homeowner may hesitate to file because they have concerns about credit. It is possible to buy a home after bankruptcy, contrary to myths. Credit scores...
Do you lose your business if you file for bankruptcy?
California small business owners may worry about the ramifications of filing for business bankruptcy. Even though debts are overtaking profits, the business might be all that you have. Is it possible to save the company and still achieve debt relief through...
Understanding debtor in possession
Many business owners file for Chapter 11 bankruptcy protection from creditors and continue to operate the business throughout the process if the court accepts it. While this is not automatically an assignment that bankruptcy courts will sign off on, it is still very...