Filing a bankruptcy case is not like filing a divorce case or a lawsuit. That’s because those kinds of cases are often filed in state court. State court cases are filed in county court houses. So finding your courthouse is as simple as knowing what county you live in. Most people know their county and…
Continue reading ›Student Loans have long been a rising challenge for college graduates in the Unites States. The cost of eduction has steadily increased during the last half century. In fact, higher education tuition is one of the fastest increasing costs for young Americans. The rise of small private schools was supposed to offer convenient and affordable…
Continue reading ›Everyone wants a high credit score. Your credit, after all, is the financial key needed to access credit. Over the course of this year, you may have noticed that your own credit score has improved thanks to initiatives by the Consumer Financial Protection Bureau (CFPB). In fact, the average overall FICO Credit score in the…
Continue reading ›Whether you are seeking debt discharge through Chapter 7 or Chapter 13 bankruptcy in California, you must complete the debtor education course as a requirement of the US Bankruptcy Code. The debtor education course is intended to teach you fundamental personal finance management skills that you’ll need to be financially successful after bankruptcy. Here is…
Continue reading ›Sears Holding Corp, which owns Sears and Kmart, filed for chapter 11 bankruptcy protection last month. Not showing a profit since 2010, Sears has been unable to compete with giants like Walmart and Amazon. The iconic retailer is attempting to restructure over $5 billion in debt. Part of the plan is to close less profitable…
Continue reading ›A common question often asked by debtors is whether or not tax debts can be discharged in bankruptcy. Tax debts may qualify for discharge if (a) the due date for the return was three years or more before you filed bankruptcy, (b) the taxes were assessed at least 240 days prior, (c) the tax return…
Continue reading ›When you file Chapter 7 bankruptcy, certain types of unsecured debt, such as credit card debt and medical debt are discharged (wiped out). You are also granted bankruptcy exemptions, which protect certain assets from entering into the “bankruptcy estate”. Items in your bankruptcy estate are known as non-exempt and will be sold off by the…
Continue reading ›Chapter 13 bankruptcy is a form of legal debt relief that can stop automobile repossession and offer you time to reorganize your debt in an effort to pay back your creditors. What many individuals don’t realize when they contact a Elk Grove Bankruptcy Lawyer, is that in some cases you can use Chapter 13 bankruptcy…
Continue reading ›Citrus Heights bankruptcy attorneys are often asked if a homeowner going through reorganizational bankruptcy can sell their property during a Chapter 13 bankruptcy. While there is nothing in the US Bankruptcy law preventing you from selling the property during Chapter 13, there are significant questions to ask first. If you decide that selling a home…
Continue reading ›Verity Health Systems filed for California Bankruptcy protection in August of 2018. The nonprofit health care system operated four San Francisco Bare Area hospitals with over $500 million in long-term debt and all healthcare facilities needing major updates. Even before their Chapter 11 bankruptcy case, the organization has been looking for buyers for its struggling…
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