Helping With Your Financial Future
In California, when you have certain types of debt canceled, such as through bankruptcy, you are no longer obligated to repay the money to your creditor. However, this can come with a catch. Sometimes, you may have to pay taxes on the forgiven debt. The following...
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...
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...
When you overextend yourself financially and cannot pay your bills, creditors may start filing lawsuits to seize your assets. Under normal conditions, your retirement money may be vulnerable to these claims. However, once you file for bankruptcy in California, federal...
California homestead exemptions are a set of laws that protect a homeowner's equity in their residence from being seized to pay off creditors. These exemptions can be particularly useful for individuals facing financial difficulties, such as those who have filed for...
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...