Understanding bankruptcy exemptions Californians faced with bankruptcy often have many misconceptions about this legal process. Many also mistakenly believe that they will lose most if not all of their possessions when they file for bankruptcy. However, a provision...
Helping With Your Financial Future
Month: March 2022
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Bankruptcy and the automatic stay
When California residents file Chapter 7 or Chapter 13 bankruptcies, the judges handling their cases issue what are known as automatic stays. This is a court order that is designed to protect people who file for bankruptcy while their cases are pending, and it...
What is DIP financing in California?
When your business in California is facing bankruptcy, you will need to find ways to finance your restructuring. One option that most people consider is debtor in possession, or DIP, financing. What should you know about DIP financing? Debtor in possession financing...