Financial abuse can be a serious problem for older people. In many cases, financial abuse is coupled with other forms of abuse or neglect. Ultimately, Minnesota victims may be drained of their life savings or pressured to sell their assets to raise funds for the...
Helping With Your Financial Future
Year: 2022
Chapter 7 vs. Chapter 11 bankruptcy
When a financial situation becomes untenable, Companies struggling under the weight of massive debt may explore bankruptcy. Would-be California filers may discover there are different categories of business bankruptcy. Chapter 7 and Chapter 11 reflect the two...
How bankruptcy exemptions help protect your property
If you're facing bankruptcy for the first time in California, you may be afraid that you'll have to start your life from scratch with no assets to your name. While you will have fewer assets to your name, federal bankruptcy exemptions protect certain ones from...
How to manage credit card debt
Failing to pay your credit card debt could result in phone calls from creditors and collection agencies based in California and around the country. It may also result in lawsuits, wage garnishments and other penalties. However, there are several strategies that might...
What does a Chapter 7 bankruptcy trustee do?
Filing for Chapter 7 bankruptcy involves liquidating your assets in order to resolve as much of your debt as possible. The court process may also involve assigning you a trustee. In order to make sure that your bankruptcy filing proceeds smoothly, you should...
Can you file for bankruptcy more than once?
Filing for bankruptcy may be an effective way to eliminate or reorganize debts without losing property such as a California home. There is no limit to the number of times that you can file for protection from creditors. However, you may be subject to a waiting period...
What happens after bankruptcy?
Filing for bankruptcy can lead to a reduction in your credit score as well as a hit to your creditworthiness. Of course, filing for Chapter 7 protection in a California court may also eliminate most or all of your debts. For many people, life after bankruptcy...
Filing for bankruptcy after being scammed
If you have been the victim of a financial scam, you may be entitled to file for bankruptcy in a California court. The type of protection that you seek will largely depend on your income, if you own property or if you have the ability to repay your debts over a period...
What are the most common bankruptcy exemptions?
As a citizen of California, you have the option to file for bankruptcy under the terms of Chapter 7. This type of bankruptcy arrangement is one in which you gather up all of your various assets and property. You then sell them off in order to raise the capital to pay...
An increase in federal bankruptcy exemptions
Although filing for bankruptcy could protect someone dealing with aggressive creditors and other debt issues, some about how the courts will treat them. Liquidation bankruptcy may bring concerns about losing assets the debtor might wish to keep. California residents...