Articles Posted in Debt Relief

Bankruptcy can be an intimidating process, but a dedicated attorney can navigate you through this complex legal maze. When people in Fresno, California, look for a bankruptcy attorney to help during their time of financial distress, several key factors come to mind: cost, client service, and successful case management. They want an attorney who can…

Many individuals grappling with financial difficulties often believe that negotiating with creditors is a more favorable solution than filing for bankruptcy. The mere thought of bankruptcy typically engenders fear and apprehension. This reaction primarily stems from widespread misconceptions about bankruptcy and its impact. In reality, bankruptcy can often serve as a lifeline, an efficient and…

Deciding between a debt relief program and bankruptcy is a crucial decision that can significantly impact your financial future. Therefore, it’s important to consult with a legal professional like one from Liviakis Law Firm. Here are 20 essential questions you should ask a bankruptcy attorney in Sacramento, CA to help determine the best path forward:…

At the Liviakis Law Firm, we understand that financial matters can often be complex and challenging. One of the most common dilemmas faced by many individuals is the choice between declaring bankruptcy to become debt-free and maintaining a good credit score by avoiding bankruptcy. This article aims to shed light on both scenarios, helping you…

The Liviakis Law Firm has served the Modesto, California community for years, providing insight and counsel on various bankruptcy matters. One question we often receive concerns the implications of a debtor winning the lottery after filing for bankruptcy. This article seeks to shed light on this unique situation. Bankruptcy and Unexpected Windfalls When a debtor…

Understanding Bankruptcy: Can a Debtor Exclude Some Creditors? Bankruptcy offers a fresh start to those individuals or entities drowning in debt. It is a legal procedure that allows debtors to eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. However, one question that often arises is whether…

The decision to file for bankruptcy is a difficult one and often comes with significant financial stress. One of the primary factors that deter individuals from filing is the initial costs associated with a bankruptcy case. However, the Liviakis Law Firm is here to guide you on how to save up for these costs effectively.…

Understanding Chapter 7 Bankruptcy Chapter 7 bankruptcy, also known as liquidation bankruptcy, involves the sale of a debtor’s non-exempt assets by a trustee. The proceeds are then distributed to creditors according to the priorities established in the Bankruptcy Code. What is a Preferential Payment? A preferential payment is any payment made to a specific creditor…

At Liviakis Law Firm, we understand that individuals struggling with debt often consider a myriad of solutions, one of which is a Debt Management Plan (DMP). However, while DMPs may seem like a viable option at first glance, they often do not provide the relief they promise. Here are some of the reasons why they…

In an era where medical expenses continue to climb, a significant number of individuals and families find themselves drowning in medical debt. Despite their best efforts to maintain their health and finances, unexpected illnesses or accidents can lead to overwhelming medical bills. Understanding the Impact of Medical Debt Medical debt can cast a long shadow…