When someone files a voluntary bankruptcy petition, the automatic y stay goes into effect. This generally means that creditors can’t take action to recover payment from the debtor. The automatic stay is covered under the Bankruptcy Code, and it has two primary...
Helping With Your Financial Future
Month: September 2023
How bankruptcy affects your mortgage in California
Sometimes, people get so buried in debt that they may see no other way out other than declaring bankruptcy. This may be the case for people who have fallen behind on their mortgage payments. They may believe Chapter 7 bankruptcy will be the only option to save their...
3 ways Chapter 11 bankruptcy can keep your business alive
In the ever-evolving business world, companies often face financial challenges that threaten their existence. One powerful tool that can help a struggling business stay afloat is Chapter 11 bankruptcy. Also known as business reorganization bankruptcy, this debt relief...
Financial steps after bankruptcy
When a person’s debts become excessive, repaying creditors could prove challenging. When California residents find it impossible to repay their debts, they may file for bankruptcy. Bankruptcy can provide relief from overwhelming debt and offer a fresh financial start....