Following a year when a virus spread worldwide and hospitalized approximately 32 million, medical bills began to pile up for many people who have since recovered. Many had already lost their jobs, creating financial uncertainty. Failing to pay medical bills can...
Helping With Your Financial Future
Consumer Bankruptcy
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...
Why worry about the stigma of bankruptcy?
California residents might not always find their financial situation to be favorable. Debts may pile up, creating a source of worry and stress. Creditors could harass debtors, and even those wishing to pay their obligations may lack the means to do so. Bankruptcy...
Could there be a new plan for student loan debt?
Throughout California, many people are working to pay down debt. One of the most common sources of debt comes from student loans, so many individuals are turning to the nation's president for relief from student loan debt. What is President Biden doing about student...
Common myths about filing for bankruptcy
California citizens who are over their heads in debt may have considered filing for bankruptcy. Unfortunately, there's a lot of misinformation out there regarding the topic of bankruptcy. By understanding some of these common myths, you can better determine whether...
How the Chapter 7 bankruptcy means test works
Debtors in Escondido, California, may get relief from certain debts by filing bankruptcy through liquidating assets in Chapter 7. Many debtors choose Chapter 7 because they get a quicker discharge, which is usually three to four months. However, a debtor must pass a...
The new Chapter 10 bankruptcy proposal may not be necessary
Senator Elizabeth Warren has submitted a proposal to set parameters for the upcoming shift in policy regarding delinquent student loans for those strapped with debt after college, including Californians. The legislation that has been put forth sets up a new bankruptcy...
New hope for student loan discharge?
Many people in California struggling with debt are facing a heavy student loan burden on top of their credit card bills, medical debt and other large expenses. Student loan debt may feel like a trap with no escape, especially after bankruptcy reform provisions in the...
CFPB finalizes debt collection rule
Consumer advocates in California and around the country are concerned about a rule change finalized recently by the Consumer Financial Protection Bureau. The rule, which updates the 1977 Fair Debt Collection Practices Act, would allow debt collectors to contact...
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...