Helping With Your Financial Future
A high income can create a misleading picture of financial stability. In California, a household may bring in a strong salary yet struggle to keep up with housing, child care, transportation, taxes and everyday expenses. When credit cards fill the gap, a family can...
When customers owe you money and your own bills are piling up, those unpaid invoices can feel like the one thing keeping your business afloat. Filing Chapter 7 may raise an uncomfortable question: Will the trustee take that money when customers finally pay? For a sole...
Filing a Chapter 7 bankruptcy might eliminate many qualifying unsecured debts such as credit card balances and medical bills and gain a fresh financial start. However, California has specific state laws that directly impact whether you qualify for Chapter 7 bankruptcy...
If you are suffering from financial strain because of medical or credit card debt, then you may need to consider filing for bankruptcy. Bankruptcy is a process that helps resolve overwhelming debts. The most common form of debt relief is Chapter 7 bankruptcy. In a...
Some older income tax debts may actually qualify for discharge under specific circumstances involving the age of the debt, filing dates and other legal requirements. However, many recent tax obligations, payroll taxes and tax penalties may remain collectible even...
Yes, it is possible to file for Chapter 7 bankruptcy twice. The law does not prohibit you from filing multiple bankruptcies, and you could actually do it more than twice if necessary. Some people have filed for bankruptcy numerous times. However, the law does...
People with valuable resources may assume they cannot file for Chapter 7 bankruptcy. They do not want to risk the forced liquidation of their home equity or other valuable assets. Professionals who have saved for retirement for many years may worry specifically about...
Running a business in California comes with financial pressures, and sometimes even dedicated owners find themselves facing debts they cannot repay. When cash flow struggles persist and creditors start calling, you might feel like the walls are closing in. This blog...
Individuals preparing to file for personal bankruptcy have many choices to make. They need to decide what type of bankruptcy they intend to pursue. In many states, Chapter 7 filers choose between federal exemptions and state exemptions for protecting property during...
Facing a foreclosure on your home can bring a suffocating sense of panic, and you might feel like you have run out of all options. However, there is an avenue that you could explore that helps mitigate further damage to your credit score and preserve equity. This post...