Articles Posted in Bankruptcy

If you have been set up in a payment plan for a Chapter 13 bankruptcy and you find yourself unable to make the payments either because of a loss of a job or other unforeseen debt, you may be able to convert your case to a Chapter 7 liquidation bankruptcy. A debtor, trustee or creditor…

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 is part of the U.S. Bankruptcy Code. This act made significant changes to the Bankruptcy Code. The act was written to prevent abuse of and profit from the bankruptcy process. The act also protects frivolous filings, including the requirement that you must submit tax…

A bankruptcy trustee is a representative who works for the Department of Justice and represents your estate during the bankruptcy proceeding. In the state of California, a Bankruptcy trustee is assigned to every Chapter 7 bankruptcy case. Working with a trustee during Chapter 7 bankruptcy is an essential aspect of completing the bankruptcy process and…

For most people, the thought of filing for bankruptcy weighs heavily when considering debt relief options. With all of the questions and unknown aspects, most people are falsely intimidated by bankruptcy. When you have tried other options such as debt consolidation loans, borrowing money from banks or family, paying monthly bills with your credit cards…

For many consumers, bankruptcy may be your best option for a fresh financial start. Bankruptcy is often a solid approach for financial freedom for anyone with overwhelming debt, or whose monthly income is less than their monthly bills. In fact, approximately 1 in every 100 American households file for personal bankruptcy in some areas of…

If you are having financial trouble, the most educated step you can take is to hire a qualified attorney. The decision to file for bankruptcy is not an easy one, and one that shouldn’t be done without informed guidance. While there is plenty of information on the internet, and at the bookstore to help you…

One of the first questions asked of a Citrus Heights bankruptcy lawyer is “What do I need to bring to the initial consultation?” Filing for a California bankruptcy will require you to gather a number of different documents. These documents will help you prepare for the thorough paperwork required to file the initial Chapter 7…

Filing a bankruptcy case is not like filing a divorce case or a lawsuit. That’s because those kinds of cases are often filed in state court. State court cases are filed in county court houses. So finding your courthouse is as simple as knowing what county you live in. Most people know their county and…

A common question often asked by debtors is whether or not tax debts can be discharged in bankruptcy. Tax debts may qualify for discharge if (a) the due date for the return was three years or more before you filed bankruptcy, (b) the taxes were assessed at least 240 days prior, (c) the tax return…

California Bankruptcy exemptions are designed to protect your property from being sold by the bankruptcy trustee when filing for bankruptcy protection. Since California doesn’t allow debtors to utilize Federal bankruptcy exemptions, those filing for debt relief under the US Bankruptcy Code must decide between one of two sets of exemptions. These exemptions, commonly referred to…