Helping With Your Financial Future
There's a common myth that filing for consumer bankruptcy costs you everything you own. That bankruptcy means creditors seize or force you to sell all your possessions until you walk away debt-free, but with nothing more than the clothes on your back. This prospect...
While Chapter 11 bankruptcy is typically used by companies looking to reorganize their debt, it can be used by individuals as well. It is often used by California residents who exceed the secured and unsecured debt limits associated with Chapter 13. Chapter 13 debt...
Anyone considering bankruptcy might have concerns about how the filing could affect them. While filing for Chapter 7 or 13 in a California federal court may help someone struggling with insurmountable debt, bankruptcy will remain on someone's credit history for ten or...
The well-known retailer Bed Bath & Beyond filed for bankruptcy protection on April 23, 2023, after years of significant financial challenges. The company attempted to raise funds several times to save itself, but its efforts needed to be increased to offset the...
California consumers who are struggling with debt might wonder when it is time to consider filing for bankruptcy. Some people may feel as though this is an outcome to be avoided at all costs, but this is not the case. There are situations in which filing for...
Filing for bankruptcy will have a negative impact on your credit score and this your creditworthiness. Typically, taking this step will result in an at least temporary reduction in your score, which may make you ineligible for certain types of loans. However, it may...
After getting behind on various payments in California, you might find that your credit score has decreased. While this could hurt some areas of your life, there are some ways that you can begin the repair process. Check your reports One of the first things you can do...
California residents who file Chapter 7 bankruptcies must pass a means test before their cases are processed. This means test was introduced when the nation’s bankruptcy law was revised in 2005 to prevent people who are able to afford to pay their bills from taking...
Americans paid off record amounts of debt between 2000 and 2022. During the second quarter of 2020, people living in California and other United States locations paid off $76 billion of credit card debt and an additional $49 billion in the first quarter of 2021. The...
Bankruptcies are filed every day in California. If you have amassed significant debt, you may consider filing for bankruptcy to free yourself of this burden. You should realize, however, that life after bankruptcy can be very different. The consequences can shape your...