In some cases, people are a bit hesitant to consider filing for bankruptcy to restructure and/or get rid of their debt. They may feel a sense of embarrassment or even shame. They may see their overwhelming debt as a sort of failure, and they may even think that...
Helping With Your Financial Future
Consumer Bankruptcy
2 steps you can take to make filing bankruptcy easier
Bankruptcy can be a welcome relief when you are caught up in debt. And if you get it right, personal bankruptcy can allow you to discharge or restructure and repay your debts. But bankruptcy can be a confusing and scary process, to say the least. Fortunately, you can...
The automatic stay provides stress relief for a debtor
When someone files a voluntary bankruptcy petition, the automatic y stay goes into effect. This generally means that creditors can’t take action to recover payment from the debtor. The automatic stay is covered under the Bankruptcy Code, and it has two primary...
Common bankruptcy myths and truths
In California and other states, no one wants to find themselves in a position where they need to file for bankruptcy protection. However, separating the facts from the fiction can demystify the process and help people make informed decisions about how this option may...
Ways to boost your California credit score
After getting behind on various payments in California, you might find that your credit score has decreased. While this could hurt some areas of your life, there are some ways that you can begin the repair process. Check your reports One of the first things you can do...
Successful policies have helped lower medical debt
From 2020 to 2022, the number of those who had some form of medical debt on their credit report dropped by 17.9%. That's about 8.2 million individuals, according to the U.S. Consumer Financial Protection Bureau's report. For people in California dealing with medical...
Keeping your car when you declare bankruptcy
Going through a difficult financial time can be one of the most stressful and worrisome experiences. Bankruptcy is often a sensible solution to getting things in order and clearing your debts. But, one of the greatest fears that most California residents face is the...
Financial abuse may lead to bankruptcy
Financial abuse can be a serious problem for older people. In many cases, financial abuse is coupled with other forms of abuse or neglect. Ultimately, Minnesota victims may be drained of their life savings or pressured to sell their assets to raise funds for the...
How to manage credit card debt
Failing to pay your credit card debt could result in phone calls from creditors and collection agencies based in California and around the country. It may also result in lawsuits, wage garnishments and other penalties. However, there are several strategies that might...
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...