The decision to file for bankruptcy is a substantial one. When financial hardship occurs, it may feel overwhelming to navigate the intricacies of the various bankruptcy options available to you. Two key methods used in Sacramento are Chapter 7 and Chapter 13 bankruptcy. This blog post aims to break down these two options and offer…
Continue reading ›If you live in Elk Grove and you’re considering undergoing a Chapter 13 bankruptcy case, you might be wondering if there’s any way to finish ahead of schedule. An experienced Elk Grove bankruptcy lawyer can provide a roadmap of how to complete your case in less than average time. Understanding Chapter 13 Bankruptcy Before we…
Continue reading ›“Will Chapter 13 Bankruptcy Help Me Keep My House Even if I Have a lot of Equity?” is a common concern for homeowners contemplating bankruptcy. A Sacramento bankruptcy lawyer can help alleviate these concerns with clear, thorough explanations of the ins and outs of Chapter 13 bankruptcy. In most cases, homeowners are allowed to keep…
Continue reading ›As one contemplates filing for a Chapter 13 bankruptcy, numerous questions surround the viability and impact of such a decision. One crucial consideration that often arises relates to the number of vehicles that a family ought to have during this challenging period. The management of automobiles during a Chapter 13 bankruptcy case does not only…
Continue reading ›Chapter 13 bankruptcy allows individuals in Sacramento, CA who have steady incomes to repay their debts over a certain period. The plan to do so is created in a document known simply as the “Chapter 13 plan”. Here’s how a Chapter 13 plan is drafted. Firstly, an individual should consult with an attorney to determine…
Continue reading ›The idea of paying for a bankruptcy lawyer when you’re already struggling financially can seem daunting. However, there are several methods that can make it possible. This article will outline some of these options and provide you with useful information to help you navigate this challenging situation. Paying with Installments Many bankruptcy lawyers understand that…
Continue reading ›The process of filing for Chapter 13 bankruptcy can be a daunting task. It involves reorganizing your debts and making consistent monthly payments over a period of three to five years. During this time, it is crucial for individuals to manage their finances wisely to ensure that the monthly payments remain affordable even in times…
Continue reading ›Understanding the intersection of bankruptcy law and personal habits can be a complex endeavor. One topic that often raises questions is whether gambling is permitted during a Chapter 13 bankruptcy case. The Liviakis Law Firm, well-versed in bankruptcy law, aims to shed some light on this intricate matter. Chapter 13 bankruptcy, also known as a…
Continue reading ›Will Chapter 13 Bankruptcy Ruin Your Life? Understanding Chapter 13 Bankruptcy Chapter 13 bankruptcy, also known as a wage earner’s plan, enables individuals with regular income to develop a plan to repay all or part of their debts. This plan allows debtors to propose a repayment plan to creditors over three to five years. It’s…
Continue reading ›At Liviakis Law Firm, we understand that the concept of $0 Down Bankruptcies can be both attractive and confusing, especially when you’re dealing with financial struggles. To help our clients make informed decisions, we have compiled an overview of the advantages and disadvantages of this bankruptcy option. Advantages of $0 Down Bankruptcies 1. Immediate Relief:…
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