What Types of Debt Can Bankruptcy Eliminate?
Bankruptcy laws were created to help people start over and rebuild their financial lives. Unexpected changes happen all the time including illness, job loss, divorce or separation and emergency expenses. These major disturbances in our lives often create financial burdens that make it impossible to pay off debt. However, bankruptcy provides an opportunity to recover […]
6 Mistakes to Avoid When Filing Chapter 11
Any type of bankruptcy can be a difficult process, so it’s understandable that people make mistakes. Keep reading to explore the most common mistakes to avoid when filing Chapter 11 so that you can be better prepared and equipped to successfully navigate the process. It’s also vital to hire a knowledgeable and experienced Chapter 11 […]
The Foreclosure Process in California Explained
When foreclosure comes knocking on your door, both literally and figuratively, you’ll start to remember all the payments you’ve missed. However, there’s no point in dwelling on the past and it’s time to focus on the future. First, look for San Diego’s most experienced foreclosure attorney to get you out of the tight spot. Once […]
Steps to Filing Chapter 13 Bankruptcy
If you can’t keep up with your debts and you’re feeling overwhelmed, filing for bankruptcy can give you much-needed relief and a new start. One of the options is Chapter 13. If you’re considering this Chapter, you’d want to know all about it, including every stage of the process. Keep reading for a detailed breakdown […]
What does it mean when an account is reported as “charged off” on your credit report?
Consumers are often confused about what “charge off” means. People mistakenly believe they don’t have to pay back the debt after it is “charged off.” Unfortunately this is rarely true. Doing nothing about your charged off account(s) may come back to haunt you. Credit cards are the most common charged off accounts. When an account […]
6 Benefits of Filing Chapter 13 Bankruptcy
You’ve heard that Chapter 13 bankruptcy offers serious financial benefits, and you’re thinking of using those boons to regain your independence? That’s great, and yes, this bankruptcy is an excellent way to resolve your financial troubles. Of course, you should also ask around San Diego, CA, and find reputable Chapter 13 bankruptcy lawyers to help […]
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 […]
Pros & Cons of Filing Chapter 7 Bankruptcy
Filing bankruptcy is a big step that has its benefits and drawbacks; hence, it is a decision that needs in-depth contemplation. Nevertheless, Chapter 7 bankruptcy is a powerful tool for debt relief in the U.S. Many corporations and individuals utilize it to resolve their financial crisis and obtain a fresh start; bankruptcy filings have increased […]
4 Reasons to File For Bankruptcy
People want to know what the advantages of filing bankruptcy are. You most likely feel alone, as if you are the only person in the world dealing with financial and debt problems. Firstly, you are not alone! The truth is that most working-class Americans are barely able to keep themselves financially afloat. Those who are […]
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 […]