After you declare Chapter 7 bankruptcy, you get a clean slate to start over. If you file a Chapter 13 bankruptcy, you get the opportunity to reorganize your debt and slowly pay off creditors. However, it can be easy to fall back into debt. Statistics show that between 8% and 16% of all bankruptcies filed [...]
California ranked fifth in average student loan debt at the beginning of 2019. With the average Californian carrying over $37,000 in student loan debt, in addition to credit cards, mortgages, car loans, and personal loans, it is no surprise that consumers would be looking for relief. One option for such relief is bankruptcy. Bankruptcy Basics [...]
For most people who file for and complete bankruptcy, the fresh financial start is a relief. They recover from the difficult time and move on without having to file for another bankruptcy down the line. Some, though, find that a surprise medical bill, job loss, or some other financial stress results in the need for [...]
When bankruptcy comes to mind, it is likely that you do not think of it as an investment. However, that is exactly what it is. An experienced bankruptcy attorney can help you understand if bankruptcy is right for you, but in the meantime, here are some ways that bankruptcy can be a great investment, not [...]
After years of dedicating our work to bankruptcy cases in California, we have gathered extensive knowledge to help our clients who are considering bankruptcy, are currently going through the process of bankruptcy, or have already finalized their bankruptcy. One of the common questions we receive from clients is how to file taxes correctly after you [...]
What happened recently in a California bankruptcy court case is a good reminder of why it is so important to choose the right legal team for your bankruptcy case. A bankruptcy is a complicated legal tool used to relieve the stresses associated with difficult financial situations, and because of its complexity, the right attorney needs [...]
There is a new trend among those who turn to bankruptcy to resolve their financial difficulties. A recent report out of an institute that closely follows consumer bankruptcy developments details how older Americans are finding bankruptcy as the only way to fix their financial situations. Once the report was published, several newspapers and many [...]
A California bankruptcy court recently confirmed a violation of the Bankruptcy Code’s discharge injunction, but chose not to sanction the party at fault. The case, In re Torres, presented the issue of whether a debt collector violates the discharge injunction of the Bankruptcy Code and whether the violation should result in sanction. The Discharge Injunction [...]
In a recent case out of federal bankruptcy court in California, a judge awarded punitive and compensatory damages to a woman who filed for bankruptcy. This case is an example of how and why it is so important that qualified and talented bankruptcy counsel be used for a bankruptcy filing in California. Background of Case [...]
One of the important assets that can be protected during a bankruptcy are vital retirement funds that one accrues over a lifetime of working. For years the federal government has provided protections and incentives to people so they can save for retirement, and one of those protections has been in the Bankruptcy Code. Under the [...]
