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...
Helping With Your Financial Future
Chapter 7 Bankruptcy
What property can you keep when you file for Chapter 7 bankruptcy?
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....
Bankruptcy’s automatic stay
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...
Debts bankruptcy can and cannot eliminate in California
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 in California: Allowable cash on hand
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 Chapter 7
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...
Personal bankruptcy and business owners
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...
Student debt relief may be forthcoming
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...
Chapter 7 vs. Chapter 11 bankruptcy
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...
What does a Chapter 7 bankruptcy trustee do?
Filing for Chapter 7 bankruptcy involves liquidating your assets in order to resolve as much of your debt as possible. The court process may also involve assigning you a trustee. In order to make sure that your bankruptcy filing proceeds smoothly, you should...