Negative financial circumstances can sometimes lead people to financial disaster. In order to keep their heads above water, some California consumers resort to filing personal bankruptcy. In some instances, creditors may offer to settle the debt for a fraction of what...
Freedom And Hope Are On The Horizon
Year: 2013
California bankruptcy may temporarily stop foreclosure
There are a variety of reasons as to why many struggling homeowners have been faced with foreclosure. In some instances, bankruptcy is filed during the foreclosure process. Filing bankruptcy may also temporarily stop foreclosure in California. An individual who files...
California consumers can rebuild credit after personal bankruptcy
Some of the top reasons for filing bankruptcy are due to medical costs and sudden job loss. Many California consumers may be reluctant to file personal bankruptcy because it stays on their credit for a certain amount of years. There are ways consumers can rebuild...
California restaurant files Chapter 7 bankruptcy
A restaurant has filed bankruptcy after sales declined for a period of two years. The business has been taken over and is now under new ownership. The business filed for Chapter 7 bankruptcy protection in California and has sold some of their assets to pay off their...
California family able to stop foreclosure
A family was subject to losing their home after their bank made huge errors on their file. The bank attempted to sell the home in foreclosure even though the homeowners were current on their payments. Fortunately, the California family was able to stop foreclosure on...
California debt relief for the unemployed
Many California residents have been unemployed for well over a year. After being out of a job for quite some time, some consumers are forced to dip into their savings or rack up credit card debt. There are ways for California residents to improve their financial...
California consumers sued for unpaid credit card debt
Several banks have been selling loans to debt buyers. The debt buyers are people who purchase delinquent credit card debt from the bank. Some of the information received by the buyers may be outdated or inaccurate causing many customers to get sued for debt they do...
California Chapter 7 bankruptcy for homeowners
When it comes to bankruptcy, homeowners may have fears as to what will happen to their homes when discharging their debts, especially when they believe their homes do not have much value. In that event, the fear may sometimes hinder California homeowners from filing...
California debtors can stop creditor harassment
Many struggling consumers have been intimidated into paying their debts by collection companies posing as lawyers and other officials. The federal trade commission has stepped in to put a stop to illegal debt collection practices in California. A lawsuit has been...
California debtors may file personal bankruptcy to relieve debt
Many consumers who use or have used credit cards usually believe that they will be able to pay off their debt. Due to unforeseen circumstances, however, some end up paying only the monthly minimum or nothing at all. In situations where the consumer is unable to pay,...