Bankruptcy Law Blog

A Chapter 7 bankruptcy case is typically the quickest and simplest type of bankruptcy in Sacramento. After filing bankruptcy, you can typically expect to have your eligible debts discharged within four to six months. A few things that can slow down your Chapter 7 bankruptcy discharge are additional documentation requests from the trustee, if the…

A typical question we hear revolves around credit card usage before bankruptcy. Specifically, individuals want to know how using a credit card with the months leading up to filing for bankruptcy protection can affect the filer’s ability to discharge the debt. This is something that is very strongly discouraged as getting cash advances from credit…

When you file for bankruptcy protection, the U.S. Bankruptcy Court will assign a bankruptcy trustee to your bankruptcy case. Bankruptcy trustees are an important function of your bankruptcy, and according to many bankruptcy attorneys in California, your success in having your debts discharged lies firmly in the lap of your bankruptcy trustee. The bankruptcy trustee’s…

When filing for bankruptcy protection, a very common question we hear often is about how chapter 13 bankruptcy affects your credit. No matter which type of bankruptcy works best for your personal situation, once you file bankruptcy, your credit report will reflect that for many years. While filing for Chapter 13 bankruptcy may negatively affect…

“A fool and his money are soon parted” is an old English proverb that some scammers take seriously during the holiday season. It seems like every Christmas new scams are concocted to separate honest people from their hard-earned cash, and this year is no different. Here are the latest Christmas scams, exposed courtesy of the…

A man serving an 18-year prison sentence after pleading guilty to wire fraud, bankruptcy fraud, and money laundering escaped from a minimum security prison in California last week and is still at large. The man, Frederick Darren Berg, who ran one of the largest Ponzi schemes in the state of Washington, was apparently able to…

When faced with overwhelming debt, Chapter 13 bankruptcy exists as a form of debt relief, enacted by the federal government. Chapter 13 bankruptcy, or repayment bankruptcy, is an alternative to Chapter 7 bankruptcy, which is often referred to as a liquidation bankruptcy. Individuals with additional monthly income, and who own significant assets are typically better…

Some of the most common questions we hear at our Sacramento bankruptcy office are centered on how bankruptcy affects tax debts. It’s not surprising that individuals want to know how filing a Chapter 7 or Chapter 13 bankruptcy will affect those tax debts imposed by the IRS. The good news is that in certain situations,…

While it may be hard to assign a value to everything you own, the valuation of your property is very important when filing for bankruptcy. When you file for bankruptcy protection, there are several forms to fill out, including the voluntary petition for individuals filing for bankruptcy, which outline your basic information, your debt, contracts…

Much of the anxiety surrounding bankruptcy is a factor of the timing. It is said that timing is everything and nothing could hold truer when it comes to the timing of filing a bankruptcy petition. When filing for either Chapter 7 or Chapter 13 bankruptcy there are certain situations when it makes sense to file…