Keeping Your Property and Losing Your Debt No matter how small or large your debt, a sudden job loss, debilitating accident, or other life change can quickly make that debt overwhelming. Bankruptcy may be the best option to get your life back on track, but the fear of keeping your property and losing your debt [...]
American Medical Costs and Bankruptcy More than 60% of American filing for bankruptcy do so as a result of the financial impacts of health issues. This includes both the astronomical costs of healthcare, even with insurance, and the time off work caused by some health issues. In fact, residents of the United States can expect [...]
Bankruptcy May Not be As Hard On Your Credit Report As You Think As kids, we never grow up and think, “I hope I get to file for bankruptcy someday.” No one ever wants to be in that situation as an adult. However, if you do find yourself in what seems like an impossible situation [...]
Should Age be a Factor When Filing Bankruptcy? When trying to decide whether or not you should file bankruptcy, there are a lot of things to take into consideration. While you may not think of age as being one of those things, it actually may be a significant factor. The reason is that a person [...]
Chapter 13 Bankruptcy In California There are several options for someone who is interested in filing for bankruptcy. Chapter 7 and chapter 13 bankruptcy are two options which one can choose. Both of these options allow a filer to hit the ‘reset’ button on his or her overwhelming debts. The following will focus on the [...]
Bankruptcy Requires Full Disclosure Bankruptcy under the federal Bankruptcy Code can be a welcome relief to those suffering from financial pressure that seems to have no relief. There are strong protections available to those seeking protection from bankruptcy requires full disclosure. For example, once a debtor chooses to file for bankruptcy : Debt collectors must [...]
Many people struggling with debt in San Diego area are now considering bankruptcy as a way to eliminate those debts and obtain relief. For those who are not legal experts or experienced in the practice of bankruptcy law, the different options and paths to relief can oftentimes feel overwhelming. Keep on reading to know the [...]
Purpose And Process Of Chapter 13 Bankruptcy Bankruptcy is a term that most people, lawyers, and laypeople alike, understand. To the average person, bankruptcy means a fresh start financially in which a person’s debts are discharged, and he or she starts over after relinquishing rights to much of his or her valuable properties. Once the [...]
Judge Denies Dismissal Of Student Loans In a recent bankruptcy case out of the Central District of California, a federal bankruptcy judge denied a petitioner’s request to eliminate his student loans in bankruptcy. This case was not a difficult one for the judge to decide, and it bucks the trend of recent reports that federal [...]