Freedom And Hope Are On The Horizon
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...
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....
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...
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....
Most people call a Chapter 7 bankruptcy a “liquidation” bankruptcy. This is because, in many instances, the debtor must sell off (or liquidate) his or her assets in order to pay off creditors as much as possible. It is unlikely that liquidation will completely erase...
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...
Overall, the debt that consumers owe in the United States amounts to billions of dollars. From overspending to living off credit cards because of unexpected life circumstances, many consumers have racked up a large amount in debt. This can leave many feeling...
Borrowers have been drowning in student loan debt for a considerable amount of time. Each year, the amount of student loan debt in California keeps on rising. While student loan debt itself is generally not dischargeable in bankruptcy, certain borrowers may be able to...
Sister collection agencies have received a large fine after sending millions of text messages to consumers for debts owed. Under the law, expressed consumer consent is needed before texts are sent. California consumers can avoid these types of debt collection...
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...