Articles Posted in Bankruptcy

Except for a handful of exceptions, anyone wishing to file for either Chapter 7 or 13 bankruptcy must take a credit counseling course within 180 days prior to filing for bankruptcy. This new bankruptcy requirement came into effect with a number of new bankruptcy laws in October of 2005. The main purpose of bankruptcy counseling…

Typically, when someone files for Chapter 7 Bankrtupcy they must pass what is referred to as a Chapter 7 means test. But many former service members ask how bankruptcy work for veterans and is the process the same for them? The answer to this question is that along with the other benefits one receives from…

Few things in life can cause as much anxiety, confusion, and apprehension than making the decision to file bankruptcy. Filing bankruptcy, after all, is a big decision and has long term financial and personal implications. While no one’s financial situation is ever exactly the same, there are certain instances where it may make more sense…

One of bankruptcy law’s most useful tools is the automatic stay. With an automatic stay the bankruptcy court prohibits creditors from continuing any activities related to collections, which can give some much needed time to get your finances in order. If a creditor does wish to continue collecting a debt during the automatic stay period,…

Bankruptcy exemptions are an important factor in both Chapter 7 and Chapter 13 bankruptcies in California. Bankruptcy exemptions include assets or property that you are allowed to keep after a bankruptcy. In Chapter 7 bankruptcies, exemptions are in place to determine property that you get to retain after your bankruptcy has been discharged, and is…

Dealing with debt is overwhelming. The impact on your personal life can be stressful. As a result, people often search for debt relief options to help. Bankruptcy is one debt relief option that can eliminate debt. There are long and short-term benefits to filing bankruptcy. Knowing them ahead of time can help you make the…

Filing for bankruptcy can be a sound financial decision when hardship strikes and debts become unbearable. If you are considering filing for an Elk Grove bankruptcy there are some important timelines in bankruptcy to evaluate prior to your filing. Timelines In Bankruptcy Prior Filing There are no rules as to the timing of your bankruptcy…

Money management can be tricky business, especially when it comes to resolving debt issues. Most people know very little about the bankruptcy process and many are unaware of some common mistakes that could jeopardize their chances at a fresh start following a bankruptcy. If you are considering filing for bankruptcy it is important to work…

When considering bankruptcy, an Elk Grove bankruptcy lawyer is an absolute necessity, while it can be difficult to know exactly which attorney you need to hire, we’ve come up with some important questions that can help you evaluate the counsel you are considering. Typically all bankruptcy lawyers will offer a free consultation in which you…

Today’s economy isn’t what it once was. Gone are the days of a teenager saving enough money to buy a brand new car in one summer, a young college student obtaining a four year degree with zero student loan debt, or a young couple buying their first home under stellar lending terms. While Gen X…