Helping With Your Financial Future
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...
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...
If you’ve already gone through the process of filing for bankruptcy in California, you might be wondering what to do next. Here are three things that you should do after your bankruptcy case is closed: #1: Save all of your bankruptcy stuff Hold onto your bankruptcy...
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...
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...
Not all business endeavors perform as well as expected, and some companies may run heavily into debt. Insolvency does not necessarily mean things turn catastrophic, as Chapter 11 bankruptcy could provide a solution. Under Chapter 11, a corporation may seek...
Understanding bankruptcy exemptions Californians faced with bankruptcy often have many misconceptions about this legal process. Many also mistakenly believe that they will lose most if not all of their possessions when they file for bankruptcy. However, a provision...
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...
When your business in California is facing bankruptcy, you will need to find ways to finance your restructuring. One option that most people consider is debtor in possession, or DIP, financing. What should you know about DIP financing? Debtor in possession financing...
Getting your finances back on track after filing for bankruptcy in California is possible, but it may take a while. Here is how you can refinance to qualify for a mortgage or home loan and also improve your financial situation. Rebuild your credit score It may be...