Many Americans are struggling to pay their bills and wondering whether bankruptcy could be the best option for them. Money debt-strapped Californians put off filing for bankruptcy because they are intimidated by the thought of going through the process. Perhaps they are concerned about not being able to afford court costs and an attorney. However, [...]
Many San Diego families are panicking right now, wondering whether or not they will experience a foreclosure or need to file for bankruptcy. Nearly 30 million Americans have become unemployed due to coronavirus shutdowns. While the federal government has offered stimulus payments and some business loans and grants, many families simply cannot make their payments. [...]
There are many confirmed coronavirus cases in San Diego County. The county has declared a state of emergency and banned gatherings of 10 or more people. Schools and non-essential businesses are closed. If you have been considering filing for bankruptcy or have already filed for bankruptcy, you may have concerns about coronavirus disturbing the San [...]
Pacific Gas & Electric (PG&E) filed for Chapter 11 bankruptcy last year as a result of the California wildfires. The bankruptcy filing is the company’s attempt to restructure $30 billion in damages payments from the wildfires. State officials have blamed the massive wildfires on faulty PG&E power lines. This Chapter 11 bankruptcy is the biggest [...]
People get into financial trouble for a variety of reasons, many of which have nothing to do with overspending or the misuse of credit. Issues such as medical emergencies, the loss of a job, poorly performing investments, or simple financial errors can leave people unable to manage their debts and in danger of losing their [...]
You feel like you are drowning in debt. The collection calls will not stop. You think that bankruptcy might be the best option for you, but you have one really big concern – what will happen to the co-signer on your loan? Questions like these are common, and having basic knowledge of bankruptcy before filing [...]
It is said that the term “bankruptcy” is based on the Italian words banka rupta, which mean ‘broken bench.’ When a merchant was unable to pay off his debt during the 1700s, creditors would go over to the merchant debtor’s bench and break it. Eventually, the term came to mean a scenario in which a [...]
Bankruptcy is a difficult decision, made even more difficult by the social stigma associated with filing. You worry that others will find out and judge you for filing. With bankruptcy rates on the rise, this issue is on the minds of more and more people as mounting debts lead them to consider bankruptcy. Whether you [...]
A mountain with picturesque views of the ocean and Los Angeles was recently listed for sale for $1 billion. However, it recently sold at a foreclosure auction for a mere $100,000. The property’s complicated history and $200 million lien made it a difficult sell, but the original owners, to whom the lien was owed, have [...]
Should I Negotiate with My Creditors? One of the last things you want to do when you are struggling financially is to talk to your creditors. In fact, if you are being called by your creditors, you may have just stopped picking up the phone. That is not the best option for getting your finances [...]
