Helping With Your Financial Future
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...
If you file for Chapter 7 bankruptcy in California, you may be entitled to an automatic stay of creditor activity. The automatic stay may prevent a creditor from foreclosing on a house, repossessing your car or seizing a bank account. Generally speaking, the stay...
California small business owners may worry about the ramifications of filing for business bankruptcy. Even though debts are overtaking profits, the business might be all that you have. Is it possible to save the company and still achieve debt relief through...
Many business owners file for Chapter 11 bankruptcy protection from creditors and continue to operate the business throughout the process if the court accepts it. While this is not automatically an assignment that bankruptcy courts will sign off on, it is still very...
A Chapter 11 bankruptcy in California doesn’t wipe the slate clean. Rather, it reorganizes a company's financial obligations. It is a process that is open to some individual debtors as well. For the business owner, it’s an attractive option that lets a company operate...