Articles Posted in Debt Relief

If you are facing serious credit card debt problems, filing for bankruptcy may offer a powerful solution. Carrying a balance on a credit card is usually not a problem; it is when you have too much credit card debt and you can only afford to make the minimum payments that the difficulties start. Credit cards…

The past few years have forced many residents of Sacramento to rely more heavily on debt to finance everyday tasks. Many have seen their debt increase in the form of credit card debt, student loan debt or mortgage debt if the house has lost value. In some cases, debt can be beneficial to the individual.…

What is bankruptcy court? To put it simply, bankruptcy courts are the courts in which all bankruptcies must be filed, including those for Yreka bankruptcy attorneys. After a person has prepared his or her petition, schedules, and other documents, that person must file those documents at the bankruptcy court for his or her district. As…

The recent change in economic conditions has forced many Americans to reevaluate their spending habits to prevent debt. In many cases, however, debt is inevitable. An increase in prices for everyday goods and the fact that many individuals have lost their jobs or are underemployed has led to an increase in debt such as credit…

Once all the necessary information is gathered (discussed in a previous post), the petition and the schedules can be filled out. This is usually done by your attorney and his or her staff (note: while it is possible to file for bankruptcy without providing all the necessary information at the outset, you should consult an…

The recent downturn in the economy has caused many in the Sacramento area to rethink what they do with their money. Many have cut down spending and created strict budgets. Many others have turned to various forms of debt relief to survive. One form of this debt relief is a tax relief on forgiven mortgage…

Owning a home is the dream of many American families. For most families, a mortgage is necessary to achieve that dream. However, a mortgage is still a debt that, in difficult financial times, can put families in significant financial hardship. This can lead to the need for debt relief to try to save their home…

Individual Americans are not the only ones feeling the pinch of the recent economic downturn. Cities throughout America are also trying to figure out how to make it work. Many cities, especially in California, are contemplating filing for bankruptcy as a form of debt relief. Bankruptcy can prevent creditors from harassing the individual who filed,…

It is a tough decision to make, but sometimes bankruptcy is the only viable option to overcome a high debt load. Stockton, California, has come to this difficult conclusion: its city council recently voted to seek bankruptcy protection. Many Sacramento households can relate to the needs of the city and its decision to seek debt…

Like the rest of the country, California residents regularly seek advice for reducing credit card debt and weathering other financial challenges. The plan is typically to pay back debt now in order to have a strong financial future. When looking at ways to pay down debt, the first piece of advice is to spend less.…