Helping With Your Financial Future
Going through a difficult financial time can be one of the most stressful and worrisome experiences. Bankruptcy is often a sensible solution to getting things in order and clearing your debts. But, one of the greatest fears that most California residents face is the...
California bankruptcy law offers a number of exemptions that may help you retain property after seeking protection from creditors. These exemptions apply to personal goods, equity in a car or home or items that are used to operate a business. The exemptions apply...
If you're facing bankruptcy for the first time in California, you may be afraid that you'll have to start your life from scratch with no assets to your name. While you will have fewer assets to your name, federal bankruptcy exemptions protect certain ones from...
As a citizen of California, you have the option to file for bankruptcy under the terms of Chapter 7. This type of bankruptcy arrangement is one in which you gather up all of your various assets and property. You then sell them off in order to raise the capital to pay...
Although filing for bankruptcy could protect someone dealing with aggressive creditors and other debt issues, some about how the courts will treat them. Liquidation bankruptcy may bring concerns about losing assets the debtor might wish to keep. California residents...
Understanding bankruptcy exemptions Californians faced with bankruptcy often have many misconceptions about this legal process. Many also mistakenly believe that they will lose most if not all of their possessions when they file for bankruptcy. However, a provision...
If consumers are overwhelmed with debt, they commonly choose bankruptcy, but they may hesitate, thinking they have to give up everything. While Chapter 7 requires consumers in Escondido, California to sell nonexempt assets, some assets may be saved with exemptions....
A consumer in Escondido, California, can get relief from some debts they see no way of paying using bankruptcy. However, they may have concerns over losing all of their property. Exemptions can possibly help them keep it. Assets in bankruptcy Chapter 7 requires the...
If you file for bankruptcy, some of your assets may be liquidated in an effort to pay down existing debt balances. However, certain types of property may be exempt from being liquidated or otherwise taken from you. For instance, federal law says that you can keep up...
If you can't pay off your debts in California, filing for bankruptcy might be the only option. Your credit score will take a hit, but you'll be able to discharge some of your debts and start fresh. However, you might also have to sacrifice some of your assets in the...