Articles Posted in Chapter 7

If you’re considering filing for bankruptcy, you likely have a lot of questions. A common question is whether having a high income can be seen as bad faith when filing chapter 7 bankruptcy. The Liviakis Law Firm aims to clarify this point in the following post. The concept of bad faith generally means an intent…

In the context of bankruptcy law, the Means Test is a crucial determinant of eligibility for Chapter 7 bankruptcy. Introduced by the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005, this formulaic assessment exists to restrict high-income debtors from filing under Chapter 7 [11 U.S.C. § 707(b)(2)]. However, a frequently posed question remains:…

If you’ve been struggling with financial problems and are considering filing for bankruptcy in California, one question might be on your mind: “Is my income too high to file bankruptcy?” This is a valid question as income is a significant factor in determining bankruptcy eligibility. Let’s walk through some of the details with insights from…

When the federal government shuts down, millions of Americans feel the effects — from delayed paychecks to frozen programs and general uncertainty. If you’re already struggling with debt, the last thing you need is confusion about whether the courts are still open or whether you can seek financial relief.The good news: you can still file for…

In the realm of bankruptcy, two prominent options stand out for individuals grappling with debt: Chapter 7 and Chapter 13. Each serves a unique purpose on the path to financial recovery. Our team at Liviakis Law Firm is equipped to guide Fairfield, CA debtors through the complexities of both. Let’s take a closer look at…

Liviakis Law Firm is a professional organization offering assistance in navigating the complex pathways of bankruptcy and debt relief. One area that often confounds individuals dealing with bankruptcy is the Means Test. A significant determining factor in Chapter 7 bankruptcy eligibility in Sacramento, California, the Means Test can often feel like a maze of regulations…

When it comes to filing for bankruptcy, there’s no such thing as being overly prepared. The more accurate and detailed the information you provide, the smoother the process will be. Your Sacramento bankruptcy lawyer will need various documents to build your case efficiently. Here’s a timeline of essential documents your bankruptcy attorney will need. Prior…

An Exploration: Why Do I Have to Wait to File Chapter 7 Bankruptcy? Filing for bankruptcy is a significant decision with long-term effects. A Sacramento Chapter 7 Bankruptcy Lawyer is often asked, “Why do I have to wait to file Chapter 7 Bankruptcy?” Understanding the reasons behind this waiting period can provide a clearer picture…

Bankruptcy can be an overwhelming process, and if you’re considering filing, it’s essential to consult with a competent bankruptcy attorney. The city of Fairfield in Solano County, California, is filled with multi-cultural communities that celebrate each other. The town, halfway between San Francisco and Sacramento, is filled with hardworking individuals striving to give their families…

Residents looking for a Yuba City Bankruptcy Attorney sometimes question: Is the approval of my Chapter 7 bankruptcy case automatic? The Chapter 7 Bankruptcy Process Explained The Chapter 7 bankruptcy process is commonly referred to as a ‘liquidation bankruptcy.’ This type of bankruptcy involves the potential sale of a debtor’s nonexempt assets by the trustee…