If a debtor in Escondido, California, feels they can no longer manage debt, they may file bankruptcy. Bankruptcy is a legal process that allows a debtor to remove some debts. Two common types of bankruptcy include Chapter 7 and Chapter 11 bankruptcy, but they differ....
Helping With Your Financial Future
Chapter 7 Bankruptcy
Why is bankruptcy sometimes unavoidable?
Millions of people run into financial problems, and some may find their fiscal situation becomes overwhelming and seemingly impossible to address. Persons struggling with financial problems in California have an option available to them. Filing for bankruptcy might...
Not all debts can be discharged in bankruptcy
If you need help paying down existing debts, it may be a good idea to file for bankruptcy. However, not all debts are eligible to be discharged in a Chapter 7 proceeding. In some cases, it may be in your best interest to negotiate a payment plan with a California...
What happens when you file for Chapter 7 bankruptcy?
Many people in California have dreams of owning a successful small business. However, the majority of small businesses fail within the first year. A small percentage make it to five years, and a smaller percentage make it to ten years. While it might not be fun to...
What are the advantages of filing a Chapter 7 bankruptcy?
You feel overwhelmed by your bills each month. You can’t keep up with paying off your medical debt from an unexpected surgery. You may have lost your job in the recent economic downturn. You may be struggling paying of thousands in credit card debt. The stress is...
