Helping With Your Financial Future
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....
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...
If you file for bankruptcy, some of your assets may be liquidated in an effort to pay down existing debt balances. However, certain types of property may be exempt from being liquidated or otherwise taken from you. For instance, federal law says that you can keep up...
Every year, hundreds of thousands of Americans file bankruptcy. Although they understand that bankruptcy can have long-lasting financial implications, it's sometimes the only reasonable way to get out of debt. Despite these implications, it's still possible for...
Bankruptcy, while not always the first choice for anyone facing financial hardship, has become a more popular option recently as people continue to struggle due to job losses, medical bills and other other obligations. However, there are still lots of questions...
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...
Once you've finalized your bankruptcy in California, rebuilding your finances might seem impossible. Your credit score has tanked, your savings have been wiped out and you have few financial assets. But it's not impossible to rebuild your finances — it just takes...
If you can't pay off your debts in California, filing for bankruptcy might be the only option. Your credit score will take a hit, but you'll be able to discharge some of your debts and start fresh. However, you might also have to sacrifice some of your assets in the...
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...
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...