The Impact of Home Equity & Income on Chapter 7 Filing
Filing for Chapter 7 can be a daunting and complex task, for the most part, because there are numerous factors influencing the eligibility, and criteria set by California bankruptcy laws are very strict when it comes to passing the means test. Although there are a lot of nuances to the process, the two key aspects […]
HAVEN Act-Military Disability is not Income
More Veterans Now Qualify for Chapter 7 Bankruptcy Under the HAVEN Act-military disability is not income in bankruptcy. Specifically, disability from the Veterans Affairs and the Department of Defense is excluded for bankruptcy filers. Most importantly, this income will not be in the bankruptcy means test. As a result, more veterans will be able to […]
How to Prepare to File Bankruptcy
So, you’ve decided to file for bankruptcy and become financially free again! This is the best move you could have made and you will be back on your feet in no time. Bankruptcy will help you keep your property, belongings, and retirement accounts while freeing you from endless creditor calls, texts, and emails. Just imagine […]
What Is the Process of Filing Bankruptcy Like?
Knowing the details of the bankruptcy process is essential for a successful filing. Bankruptcy is a true lifesaver for individuals and families struggling financially, and it grants a fresh start and a new positive outlook on life. To perform everything correctly, the first step should always be to hire an experienced debt lawyer in San […]
Chapter 13: The Inner Workings
For most people, facing extensive financial difficulties or large amounts of debt may seem like an insurmountable problem. Even more so at the mention of bankruptcy, as the vast majority believe it is a one-way street to financial ruin. The truth, however, is quite the opposite! Above everything else, bankruptcy is a lifeline, a way […]
Qualifying for Chapter 13: All You Need to Know
In the face of overwhelming debt, filing for Chapter 13 bankruptcy presents individuals with a regular income with the means of overcoming financial difficulties and regaining their economic independence. However, before being allowed to restructure their debt, filers must pass the so-called “means test”. This is a critical element of the California bankruptcy system that […]
4 Ways Chapter 13 Changes Your Life for the Better
So, you find yourself in financial trouble, and you feel like it’s all grim? It feels as though you’re not going to be able to bounce back? Stop your worries and start thinking about hiring a San Diego, CA’s leading bankruptcy attorney to help change your life around. Bankruptcy is the true financial rebound you’ve […]
6 Positive Effects of Chapter 7 on Your Life
The vast majority of people view bankruptcy in a wholly negative way. They think it’s the end of the line, from which there’s no recovery; a financial pit, from which there’s no way out. All of them are wrong. Bankruptcy, Chapter 7 in particular, is a lifeline and an excellent way to regain control of […]
2 Practical Things to Know About Chapter 7 Filing
While many view it in an unfavorable light, the fact is that bankruptcy is a beyond useful tool to get out of debt and regain financial stability. However, it’s also the fact that the filing process is convoluted and can make even the most basic aspects confusing. That’s why, today, instead of delving deep into […]
How to Rebuild Credit After Chapter 7
While bankruptcy does represent a difficult stretch of your financial journey, it is by no means the end of it. Rather, it’s a “course correction”; a pit stop that allows you to reevaluate, reassess, and reinstate some positive habits that’ll go a long way toward securing your future. Whether you choose to do it on […]