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How do I Protect My Credit Report During Bankruptcy?

When a consumer in Sacramento makes the decision to explore the option of bankruptcy, there are many considerations to take into account. One of the major ones is finding the right attorney with depth of experience in local bankruptcy courts. But another major consideration is how the consumer’s credit report will be affected before, during…

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What happens when you Convert from Chapter 13 to Chapter 7 Bankruptcy

Many people know the basic differences between Chapter 7 and Chapter 13 bankruptcy. Sometimes the choice is clear because the consumer isn’t eligible for Chapter 7 or they need Chapter 13 to pay for back mortgage payments. However, there are times when a consumer will start with a Chapter 13 but later needs to switch,…

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Debt Settlement Offers High Income People an Alternative to Bankruptcy

Some high-income individuals prefer to find an alternative to filing bankruptcy as a means of simplifying their debt obligations. Their preference is often rooted in their fear of losing assets or simply wanting to avoid the time commitments of reorganizing in bankruptcy.  Debt settlement provides an advantage in those respects compared to bankruptcy.  That’s because the settlement…

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Dealing with Student Loans in Bankruptcy

Student loans are ubiquitous these days. Students all over Sacramento, from Sac State to American River College, often graduate and find themselves unequipped to handle the debt burden imposed by student loans. It is a fairly common understanding that bankruptcy isn’t much help when it comes to student loans. But earlier this month, the United…

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Does Bankruptcy Hurt Your Credit Score?

There are many misconceptions about bankruptcy. One of the most common is that filing for bankruptcy is a permanent and devastating hit to a consumer’s credit. That is simply not true. At first, it can be a little difficult to get credit. A recently discharged consumer will likely have to pay higher interest rates and…

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