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...
Helping With Your Financial Future
Bankruptcy Exemptions
Understanding bankruptcy exemptions
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...
What to know about federal bankruptcy exemptions
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....
Overview of California bankruptcy 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...
Property that might be exempt in a bankruptcy case
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...
Can you keep your car during bankruptcy?
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...