When you face overwhelming debt, it may seem like there is no way out. However, filing for bankruptcy can be a viable solution to regain financial stability. Although the decision to file for bankruptcy is significant and you should never take it lightly, it can offer...
Freedom And Hope Are On The Horizon
Chapter 13
What is a secured credit card?
Filing for bankruptcy can be a great relief. However, even if the financial pressure is off, there is still the future to contend with. Most persons that file bankruptcy have an interest in improving their credit scores as soon as possible. While it will take several...
How can you rebuild your credit after bankruptcy?
When faced with a mounting level of debt, filing for bankruptcy might be the best option. Bankruptcy helps people get their finances under control by eliminating debt or creating a reasonable plan for repayment. While the process will impact your credit history, you...
What is debt collector misrepresentation?
When dealing with debt collectors, you have certain rights that the law protects. Debt collectors also have laws to follow which dictate what they can and cannot do. Along with harassment of various descriptions, debt collectors also cannot misrepresent themselves....
What happens to back taxes in Chapter 7 and 13 bankruptcy?
Debt relief company commercials make eliminating tax debts seem like a breeze. However, the state overseeing your debt or the Internal Revenue Service (IRS) only chooses to discharge tax debt under certain circumstances. Generally, filing for bankruptcy does not...
What can you keep if you file for bankruptcy in California?
Filing for bankruptcy does not mean you have to start from scratch. California residents who decide to claim bankruptcy can keep exempt property listed on their choice of one of the state's two property exemption allowance lists: 704 exemptions or 703 exemptions....
How are Chapter 7 and Chapter 13 bankruptcy different?
When you are deep in debt, the options for declaring bankruptcy may seem overwhelming or confusing. Deciding whether to file for either Chapter 7 or Chapter 13 can affect the length of time you need for repayment and what assets you can keep. Qualifications and...
Do I have to file Chapter 13?
If you have made the decision to file bankruptcy, you may be wondering about which variety of bankruptcy is most beneficial to you. The reality is that, depending on your income, the courts may require you to file a specific type of bankruptcy. Often, the decision of...
Benefits of filing for bankruptcy
Whether to file or not file for bankruptcy in California is a very personal decision. Chapter 7 and Chapter 13 are both consumer bankruptcy options versus Chapter 11, which is for businesses. If you have a significant amount of debt and cannot continue making loan...
Foreclosure with Chapter 13 in California?
Bankruptcy can offer a homeowner needed relief when they are underwater in debt. Many California homeowners who elect to file a Chapter 13 bankruptcy are behind on their mortgage and need time to catch up. Generally, this type of bankruptcy allows a homeowner to make...