Helping With Your Financial Future
When a financial situation becomes untenable, Companies struggling under the weight of massive debt may explore bankruptcy. Would-be California filers may discover there are different categories of business bankruptcy. Chapter 7 and Chapter 11 reflect the two...
Filing for bankruptcy may be an effective way to eliminate or reorganize debts without losing property such as a California home. There is no limit to the number of times that you can file for protection from creditors. However, you may be subject to a waiting period...
If you have been the victim of a financial scam, you may be entitled to file for bankruptcy in a California court. The type of protection that you seek will largely depend on your income, if you own property or if you have the ability to repay your debts over a period...
Not all business endeavors perform as well as expected, and some companies may run heavily into debt. Insolvency does not necessarily mean things turn catastrophic, as Chapter 11 bankruptcy could provide a solution. Under Chapter 11, a corporation may seek...
When your business in California is facing bankruptcy, you will need to find ways to finance your restructuring. One option that most people consider is debtor in possession, or DIP, financing. What should you know about DIP financing? Debtor in possession financing...
Getting your finances back on track after filing for bankruptcy in California is possible, but it may take a while. Here is how you can refinance to qualify for a mortgage or home loan and also improve your financial situation. Rebuild your credit score It may be...
Chapter 11 Bankruptcy process has two sections. The marker that separates the two phases is the mandatory court approval of the Plan of Reorganization. The two Chapter 11 Bankruptcy phases are the pre-confirmation and post-confirmation in Escondido, California. Most...
Bankruptcy protection isn't just for individuals: Businesses may file for bankruptcy when they fall on hard times and cannot pay their obligations. A California business may turn its fortunes around in time and become profitable again. Chapter 11 provides a way for...
Bankruptcy is an option for debtors in California to help pay off debt. While there are many different types of bankruptcy, Chapter 11 is a specific kind that’s available for certain debtors. You should know what Chapter 11 bankruptcy entails and who’s eligible to...
When it gets impossible to pay debts, consumers in Escondido, California, might choose to file Chapter 7 bankruptcy. Chapter 7 helps relieve debt by selling nonexempt assets to pay creditors. However, Chapter 7 bankruptcy requires a debtor to pass a means test before...