Living and working in the Sacramento area makes it very difficult for regular folks to get by without a car. Oftentimes, a Chapter 7 bankruptcy filing helps debtors in the area get rid of credit card debt and personal loans to relieve some of the pressure. But if the debtor needs to keep the car…
Continue reading ›The Sacramento area boasts a vast and active real estate market. In addition, house values can be volatile, as can the job market. As a result, many consumers in the Sacramento area can end up behind on their mortgage payments, seemingly without options, and searching for solutions. This is a common question from consumer debtors:…
Continue reading ›A chapter 7 bankruptcy filing provides a couple of options to deal with a secured debt like an auto loan. “Redemption” and “Reaffirmation” are options that allow the debtor to keep the car during and after the bankruptcy is complete. “Surrender” is the option that allows the debtor to return the car back to the…
Continue reading ›What is the Meeting of Creditors and Why do I have to go? One of the most central moments during a bankruptcy is the initial meeting of creditors. There are a number of procedures and requirements with which the debtor and her attorney must comply. Failure to do so will likely lead to dismissal of…
Continue reading ›You are behind on your mortgage payments and foreclosure is looming. Alternatives to foreclosure are a short sale, loan forbearance, and a deed in lieu of foreclosure. When none of these alternatives are possible there might be one option you might not know about: filing for bankruptcy. Many people have been able to keep their…
Continue reading ›Many companies face financial challenges at some point in their existence. Many are able to turn it around, but some are forced to turn to bankruptcy to get out from under mounting debt. There are two types of bankruptcy that a company can file, and one is Chapter 7 bankruptcy. Chapter 7 allows the debtor…
Continue reading ›The vast majority of bankruptcy cases are voluntary in Rancho Cordova, CA. When a business or person has trouble paying debts filing for bankruptcy helps create debt relief. However, in very rare cases, it is possible for creditors to force a person into bankruptcy. This is what happened to Tommy Thompson, a treasure hunter. In…
Continue reading ›Filing bankruptcy in Elk Grove begins with an attorney or individual lodging a petition with the Federal Bankruptcy Court. Individuals and businesses considering bankruptcy to eliminate their debts should consult with an attorney before filing a new case. The bankruptcy laws change frequently and a lawyer can advise you of these changes. When a bankruptcy…
Continue reading ›Today’s tough economy has led many individuals to make tough choices regarding their finances. Many Americans have had to create strict budgets to try and save what they had before the economy declined. But some were in too tough a position for a simple budget to help. Some have had to turn to bankruptcy to…
Continue reading ›It doesn’t take too big of a downturn in the economy to affect an individual’s ability to keep up with their bills. Before long, the individual may get so far behind in payments that he or she may be unable to catch up. In these instances, one of the only options available may be to…
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