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...
Helping With Your Financial Future
Year: 2022
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...
How to refinance after bankruptcy in California
Getting your finances back on track after filing for bankruptcy in California is possible, but it may take a while. Here is how you can refinance to qualify for a mortgage or home loan and also improve your financial situation. Rebuild your credit score It may be...
How long do Chapter 11 bankruptcies last?
Chapter 11 Bankruptcy process has two sections. The marker that separates the two phases is the mandatory court approval of the Plan of Reorganization. The two Chapter 11 Bankruptcy phases are the pre-confirmation and post-confirmation in Escondido, California. Most...
The Subchapter 5 element of Chapter 11
Bankruptcy protection isn't just for individuals: Businesses may file for bankruptcy when they fall on hard times and cannot pay their obligations. A California business may turn its fortunes around in time and become profitable again. Chapter 11 provides a way for...
Can you obtain a car loan after Chapter 7 bankruptcy?
California residents in Chapter 7 bankruptcy may wonder if they can obtain car loans later. Here's what you should know about getting a car loan post-Chapter 7. How does bankruptcy affect your credit? Chapter 7 bankruptcy allows some property to be liquidated so that...
Steps to recover from bankruptcy
Bankruptcy in Escondido, California, can be a positive thing to get rid of some debt regardless of the negative stigma surrounding it. Many consumers chose Chapter 7, which requires selling non-exempt assets, or Chapter 13, a repayment plan. It helps knowing what to...