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Getting Relief from Credit Card Debt

May 9th, 2014 | By | Posted in Uncategorized

At Liviakis Law Firm, you will find answers to your questions about whether or not filing for bankruptcy will eliminate your credit card debt. Most people have unsecured and secured debt. Unsecured debt is debt that is not tied to any property. Medical bills, utility bills, personal loans, and credit cards are all considered unsecured debt. Home mortgages and vehicle . . .
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Filing for Bankruptcy May Help You Keep Your Home

May 9th, 2014 | By | Posted in Uncategorized

You are behind on your mortgage payments and foreclosure is looming. Alternatives to foreclosure are a short sale, loan forbearance, and a deed in lieu of foreclosure. When none of these alternatives are possible there might be one option you might not know about: filing for bankruptcy. Many people have been able to keep their homes by filing for bankruptcy . . .
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Credit card reward allows customers to pay off other debt

August 16th, 2013 | By | Posted in Credit Card Debt

When the economy takes a turn downward, many people have to make changes to both what they purchase and how they purchase it. Many Americans have begun to make a budget in order to better manage finances. But for necessary expenses, some turn more heavily to credit cards.

Credit cards can be a tool to finance everyday purchases until the economy turns around. But relying on . . .
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Nationwide ambulance provider files for bankruptcy

August 8th, 2013 | By | Posted in Business & Commercial Bankruptcy

Running a business at any time can be difficult and stressful. However, over the last few years, running a business has been nearly impossible. It does not take very many missed or late payments for a business to be in financial trouble. This may leave the owner with few options to get out of debt. One option is to file for business bankruptcy. This . . .
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How Much Does Bankruptcy Cost: A Look At Attorney Fees

August 8th, 2013 | By | Posted in Chapter 11

In most bankruptcy cases, the fees an attorney charges are disclosed. In fact, the Court also provides guidelines covering the range of legal fees applicable to work on consumer bankruptcy cases. In chapter 11, an attorney is paid after filing a motion for compensation which lays out exactly how much the attorney is charging and how much time was spent on particular tasks.

However, it seems . . .
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Benefits and consequences of debt in today’s world

August 2nd, 2013 | By | Posted in Debt Relief

The past few years have forced many residents of Sacramento to rely more heavily on debt to finance everyday tasks. Many have seen their debt increase in the form of credit card debt, student loan debt or mortgage debt if the house has lost value.

In some cases, debt can be beneficial to the individual. Debt can help a student make it through school. Debt can . . .
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Automatic Stay Prevents Lawsuits Against Detroit

July 31st, 2013 | By | Posted in Chapter 11

Last Wednesday, the bankruptcy judge overseeing the Detroit bankruptcy case put a hold on all lawsuits that were challenging Detroit’s bankruptcy filing, as well as most other litigation against Detroit. However, this does not mean an end to Detroit’s legal troubles. The bankruptcy judge pointed out that his ruling did not decide whether Detroit could modify its pension benefits in bankruptcy, or even whether . . .
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Yreka Bankruptcy Lawyer: What is bankruptcy court?

July 27th, 2013 | By | Posted in Debt Relief

What is bankruptcy court? To put it simply, bankruptcy courts are the courts in which all bankruptcies must be filed, including those for Yreka bankruptcy attorneys. After a person has prepared his or her petition, schedules, and other documents, that person must file those documents at the bankruptcy court for his or her district. As bankruptcy courts are federal courts, they are often found in . . .
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California grocery chain files for bankruptcy

July 26th, 2013 | By | Posted in Uncategorized

Businesses face many challenges but can also reap several benefits. Business owners must manage all the issues that arise in a business such as submitting and paying for orders, hiring and paying employees, paying rent or buying the location. Business owners also get the satisfaction of being their own boss and managing it how he or she wants to manage it. But business owners can . . .
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Detroit Bankruptcy Looks to be Long and Difficult

July 23rd, 2013 | By | Posted in Business & Commercial Bankruptcy

Bankruptcy is not just for individuals and businesses. In certain states, municipalities can file for bankruptcy as well. Recently, the city of Detroit filed for bankruptcy, becoming the largest municipal bankruptcy in terms of both population size and debt load.

On July 18, 2013, Detroit filed for bankruptcy. Detroit has approximately $18.5 billion dollars in debt. While the population of Detroit is large (approximately 700,000 . . .
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