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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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When to File for Debt Relief in Bankruptcy Court?

A major factor to consider when filing bankruptcy is timing. Even after a Sacramento-area consumer has decided that she will definitely file bankruptcy, in many cases the timing can be crucial. Often, a debtor has little choice but to file as soon as possible. Swift action may be necessary to ward off a repossession, eviction,…

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Creditor Fails to Update Debts Discharged in Bankruptcy

One of the most common reasons people file bankruptcy is to get a fresh start on their finances. The problem is that there are some very serious consumer reporting failures in recent years that prevent debtors from gaining the full benefits of a discharge. Creditors often fail to report an updated status for discharged accounts…

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Protecting Home in Bankruptcy May Become Easier

When people in the Sacramento area file bankruptcy, often one of their chief concerns is whether they will be able to protect the equity in their homes. The primary tool for protecting that equity is called the “Homestead Exemption.” There are federal exemptions and many states offer different maximum exemptions for folks’ primary residence. Since…

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