Suppose your California business struggles to stay afloat, and creditors call you daily, demanding payment. In this case, a Chapter 11 bankruptcy might provide the means to regain financial stability and stop the harassment. Keep reading to learn the basic facts about...
Helping With Your Financial Future
Year: 2023
Paying business debts after bankruptcy
Filing for bankruptcy may be an effective way to reduce or eliminate personal or business debts. Depending on the circumstances of your case, it may be an effective way to reduce or eliminate personal debts that were incurred to run your business. If your company is...
Can you keep some of your possessions after filing bankruptcy?
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...
Is Chapter 11 right for you?
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...
Post-bankruptcy car insurance concerns
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...
How did Bed Bath & Beyond wind up in bankruptcy?
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...
Making the choice to file for bankruptcy
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...
Getting a car loan after bankruptcy
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...
Ways to boost your California credit score
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...
Taking the Chapter 7 bankruptcy means test
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...