Helping With Your Financial Future
California residents who file Chapter 7 bankruptcies must pass a means test before their cases are processed. This means test was introduced when the nation’s bankruptcy law was revised in 2005 to prevent people who are able to afford to pay their bills from taking...
Americans paid off record amounts of debt between 2000 and 2022. During the second quarter of 2020, people living in California and other United States locations paid off $76 billion of credit card debt and an additional $49 billion in the first quarter of 2021. The...
Bankruptcies are filed every day in California. If you have amassed significant debt, you may consider filing for bankruptcy to free yourself of this burden. You should realize, however, that life after bankruptcy can be very different. The consequences can shape your...
California residents with massive debt might find that they have no option other than bankruptcy. If alternatives like debt relief are not the answer, Chapter 7 bankruptcy might be appropriate. A notable benefit of going this route is that some property is protected....
Debt situations could make life challenging for those unable to cover their obligations. When debt levels become so high that repaying creditors proves impossible, the debtor may file for bankruptcy in a California federal court. Many look towards Chapters 7 and 13 as...
Bankruptcy is one of the best ways to deal with your debts in California. The process helps you pay out what you can to your creditors and eliminates some of your obligations, giving you a clean slate to rebuild your financial future. However, bankruptcy doesn't cure...
Bankruptcy laws are very complicated and can confuse the most astute filer. However, it's vital to know the laws governing bankruptcy, both federal and state, and how much cash is allowed. If you're considering filing bankruptcy in San Diego, whether Chapter 7 or...
Life after bankruptcy is a tough time for many California consumers, so much so that they may have to forego buying a new home because they can't afford one. However, there are a few things people might need to consider when it comes to buying a home post-bankruptcy...
Business owners may face complexities when filing for bankruptcy, depending upon how they set up their enterprises. The rules for Chapter 7 liquidation bankruptcy might affect one California business way and another differently. Business owners struggling with...
Submitting a bankruptcy petition to a California judge may be an ideal way to eliminate or reduce many types of debts. However, in most cases, student loan debts cannot be discharged or forgiven by filing for bankruptcy. Last month, a bill was introduced that would...