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...
Helping With Your Financial Future
Chapter 7 Bankruptcy
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...
Can you file for bankruptcy more than once?
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...
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...
