Helping With Your Financial Future
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...
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 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...
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...
Many California residents have overwhelming student loan debt. It is difficult, but in some cases possible, to alleviate this financial burden by filing for bankruptcy. Can you file for bankruptcy on student loan debt? Depending on your financial situation and whether...
Consumers in Escondido, California, who are overwhelmed with debt may choose Chapter 7 bankruptcy, which is a liquidation process. However, not just anyone can file Chapter 7, and filers must pass a means test. Overview of the means test In 2005, Congress passed the...
California residents in Chapter 7 bankruptcy may wonder if they can obtain car loans later. Here's what you should know about getting a car loan post-Chapter 7. How does bankruptcy affect your credit? Chapter 7 bankruptcy allows some property to be liquidated so that...
California residents filing for bankruptcy will need to take special notice of any IRS adjustments to their tax liability. In an appellate bankruptcy discharge filing, the Ninth Circuit upheld an opinion that taxpayers must file a report of change to the California...
Filing for bankruptcy could result in a tremendous financial burden lifted off someone's mind. After passing the means test to file for Chapter 7, a filer may discover a significant amount of debt ends up discharged. Not all debt goes away without any payments,...