When you file a bankruptcy petition, the federal court issues an injunction known as an automatic stay. As reported by U.S. News, creditors and collection agencies cannot contact you for payments. When submitting your first petition, the automatic stay goes into...
Did you deal with debt collector harassment?
Dealing with debt is already enough of a struggle in and of itself. When you have to deal with debt collector harassment on top of that, it creates an additional layer of stress that you should not have to face. Fortunately, you can take action against these debt...
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 can you rebuild your credit score?
If you are like most people, you worry about your credit score. If you have to file for bankruptcy, it may feel like you will have a low score going forward. The truth is that no matter the reason for your low score, you can rebuild it. U.S. News explains that how you...
Understanding the impact of bankruptcy on retirement benefits
Filing for bankruptcy is the reality for many people in California who desire to lessen their debt and start over. While bankruptcy provides notable relief from pressing financial obligations, people should understand its impacts as well. One concern people may have...
Should you choose debt relief or bankruptcy?
If you are drowning in debt in California and want to make a new financial start for yourself, bankruptcy is a viable option. Most consumers file a Chapter 7 or Chapter 13 bankruptcy, but some may opt for debt relief first. If you are unsure where to turn, Resolve...
When it’s time for personal bankruptcy in California
Many consumers try to stay clear of bankruptcy, since it has been known to have a negative impact on their credit scores. In spite of the negative stigma personal bankruptcy has received, however, it's sometimes the only way out for some California consumers. There...
Debt relief techniques for California consumers
Getting out of debt seems to be at the forefront for most people. One of the most long-term debts that California consumers have is credit card debt. There are debt relief techniques that people have used to pay off or decrease their debts. One of the top techniques...
Debt relief scams for California consumers to watch out for
Not everyone has a perfect credit score and a large number of people struggle with some form of debt. Many California consumers seek out companies that can offer them debt relief. Unfortunately, not all debt relief companies are reputable and some have scammed...
Student loan debt relief for California borrowers
Not every person makes a six-figure salary after graduating from college. Many borrowers are drowning in student loan debt. A majority of California borrowers believe that their circumstances are hopeless, but that is a misconception, and there are pathways to debt...