Bankruptcy can be a practical legal tool when struggling with financial hardship and an inability to manage debt. While you may be able to reduce what you owe, not all types of debt can get wiped out in bankruptcy. Several factors may impact your ability to discharge...
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Santa Rosa Bankruptcy Blog
What are the qualifications for bankruptcy?
For many people, bankruptcy provides some relief from stressful debt and persistent creditors. Although anyone in the United States could file for bankruptcy, there are eligibility requirements that determine which type to file and the potential for approval. Debt...
How often can I file for bankruptcy in California?
If you've filed for bankruptcy before and wonder if you can file again, the answer is yes. However, when you can file depends on what type of bankruptcy you filed initially and when you filed it. The length of the waiting period for an additional filing depends on...
How can a debt collector collect on a judgment?
If a creditor takes you to court for an overdue debt and the judge rules in the creditor’s favor, you will have a judgment against you. It is up to the creditor to collect on that judgment. The Judicial Branch of California explains the court will not conduct the...
Should you reaffirm your loan during bankruptcy
Filing for bankruptcy can help those struggling with mortgage expenses, credit card debt and loan payments. Bankruptcy offers people a fresh financial start, free from the burdens of living to make the next payment. Chapter 7 bankruptcies, otherwise referred to as...
The benefits of filing chapter 7
Fear can be debilitating, especially when it comes to possibly losing your house due to bankruptcy in California. Filing Chapter 7 is the last resort if you have overwhelming debt. However, it can help you get out of the financial hole you may find yourself in due to...
How can a creditor collect on a judgment?
When you owe a debt and you do not pay on it, the creditor can sue you. If the court issues a judgment against you, it means there is an order that you must pay the creditor. However, that is where the court ends its involvement. The court will not collect the debt...
Using credit cards to your advantage
Irresponsibly using your credit cards is one of the fastest ways you can accumulate debt. Putting all of your expenses on your plastic card can create a false sense of security and financial stability until you receive a shocking bill in the mail. Using your credit...
Tips for creating a debt repayment plan
Perhaps you had unexpected medical bills or necessary car repairs that insurance did not cover. Maybe your employment situation changed without warning. There are many reasons why you may find yourself in debt. When you decide that you want to work your way out of...
What are the important points to know about Chapter 13 bankruptcy?
When you file for bankruptcy, you must decide under which chapter to file. Chapter 13 is one option that allows you to try to repay your debt instead of discharging it completely. According to the U.S. Department of Justice, Chapter 13 provides you with some perks,...