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...
Helping With Your Financial Future
Chapter 7 Bankruptcy
Filing for bankruptcy after being scammed
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...
Filing bankruptcy to alleviate student loan debt
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...
How the Chapter 7 means test works
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...
Can you obtain a car loan after Chapter 7 bankruptcy?
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...
Potential issues with chapter 7 bankruptcy filing in California
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...
What creditor do I pay first in a Chapter 7 bankruptcy?
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,...
How to handle life after a Chapter 7 discharge
No one likes the thought of filing Chapter 7 bankruptcy in California, but sometimes, filing is the only way to get relief from overwhelming debt. If you filed Chapter 7 recently, you may wonder what happens after discharge. While life after Chapter 7 is often...
Who is the automatic stay designed to protect?
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...
Do you lose your business if you file for bankruptcy?
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...