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...
Helping With Your Financial Future
Consumer Bankruptcy
Bankruptcy myths debunked
Sometimes, your finances and the payments that you owe might become overwhelming. An option is to file for bankruptcy. Here are a few myths to keep in mind so that you're comfortable with making this decision. Never getting credit A common myth surrounding Chapter 7...
Handling both bankruptcy and divorce
You may be feeling overwhelmed with debt and considering bankruptcy as a way to get relief. But what if you're also in the process of getting divorced in California? Can you file for bankruptcy and still protect your assets? Let's explore your options when filing for...
Why is bankruptcy certificate necessary in California
Bankruptcy is a legal process in California that aims to help people who owe money get some relief from their debt while at the same time assisting people who are owed to get paid from assets or property that the debtor has. The person in debt can receive a bankruptcy...
Bankruptcy won’t eliminate all of your debts
Seeking protection from creditors in a California courtroom may make it possible to eliminate or reduce your debts. However, filing for bankruptcy won't allow you to get rid of all of your outstanding balances. For instance, you will likely still be responsible for...
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...
Bankruptcy and the automatic stay
When California residents file Chapter 7 or Chapter 13 bankruptcies, the judges handling their cases issue what are known as automatic stays. This is a court order that is designed to protect people who file for bankruptcy while their cases are pending, and it...
How bankruptcy might help you obtain debt relief
It isn't uncommon to use credit cards to pay for groceries, gas or other daily expenses. However, if you are unable to pay your credit card balances each month, your debt can quickly spiral out of control. Depending on the amount of debt that you have, it may be...
Some myths about bankruptcy debunked
Many consumers in Escondido, California, choose bankruptcy when they don't see a way out of debt. Bankruptcy commonly occurs from unforeseen circumstances, such as divorce and medical issues. However, there are a few myths that may make a consumer hesitate to file....
What to know about the bankruptcy means test
When it gets impossible to pay debts, consumers in Escondido, California, might choose to file Chapter 7 bankruptcy. Chapter 7 helps relieve debt by selling nonexempt assets to pay creditors. However, Chapter 7 bankruptcy requires a debtor to pass a means test before...