Helping With Your Financial Future
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...