A Guide to Student Loan Debt Discharge
Being trapped in the endless cycle of debt repayment is an unfortunate reality for millions of US citizens. Every day, we see individuals struggling to make ends meet while doing their best to keep up with payments – or, rather, because they’re trying to keep up with payments. But, here’s the thing: most of them […]
Ending Chapter 13 Bankruptcy Early: Yes or No?
Fact: Nobody likes being indebted. Even when you know it will all end eventually, even if you know exactly when it will end, even when you know for sure it will end well – there’s always that dose of anxiety instilled by uncertainty and having limited (financial) options. That’s why most individuals who find themselves […]
Chapter 13 Bankruptcy: Discharge Explained
Arguably the biggest advantage of Chapter 13 bankruptcy is that it allows for a large portion of debts to be fully or partially discharged, once the repayment period is over. However, most filers are unaware of the full extent of the possibility of this approach. Today, we’ll explore several avenues of Chapter 13 discharges, giving […]
How Can I File for Bankruptcy & Keep My Home?
Did you know that you can file bankruptcy and keep your house? Home equity can be protected when filing bankruptcy. For example, in San Diego, residents can protect as much as $600,000 or more in home equity. Now, more than ever, San Diegans are spending lots of time enjoying their homes with their families. Similarly, […]
6 Benefits of 100% Repayment in Chapter 13
Most Chapter 13 plans enable debtors to discharge a certain amount or even the entirety of their unsecured debt. However, in some instances, the debtor may not be eligible for debt discharge or they may consciously opt to repay their debts in full. This is where the so-called “100% plan” comes into play. With it, […]
Chapter 11 Explained: Goals & Duration
For a business that’s already fallen on hard times, declaring bankruptcy may seem like a final nail in the coffin. However, this way of thinking is just plain wrong – especially if the bankruptcy in question is Chapter 11. As any reputable Chapter 11 bankruptcy attorney in San Diego can confirm, this solution is not […]
Top Benefits of Chapter 11 Bankruptcy
In times of great financial distress, Chapter 11 bankruptcy can often be the ray of light, illuminating the pathway for a business to overcome the difficulties and regain profitability while retaining a significant portion of its original value. While the process can be intimidating and difficult to navigate without the help of an experienced Chapter […]
Chapter 13 Secrets: Debts You DON’T Have to Pay
Many people find Chapter 13 confusing and counterintuitive since it is “debt reorganization” bankruptcy. The train of thought here is that they will still have to pay off every single penny of what they owe – just in a slightly different way and at a bit slower pace. So, why would they even hire a […]
Bankruptcy Means Test
Bankruptcy Means Test Bankruptcy “Means Test” The bankruptcy “Means Test” is a mathematical calculation that on the surface is intended to limit who can file Chapter 7 Bankruptcy. In short, the “Means Test” determines what is the income limit for Chapter 7. The purpose of the “Means Test” is to measure your income against your […]
Top 3 Chapter 11 Alternatives
In the corporate world, Chapter 11 bankruptcy is one of the most reliable ways of solving insolvency problems. It can be viewed as a much-needed lifeline, as it allows a business to continue operating and retaining its assets while repaying debts promptly and efficiently. However, while Ch 11 is typically the #1 choice – it […]