Bankruptcy Law Blog

Over 40% of American households carry some credit card debt, and many of those carry balances over $5,000. Although having some credit card debt can actually benefit your credit profile, the debt game is a slippery slope for some people. In order to keep your financial profile healthy and in good standing, be sure to…

A Chapter 7 bankruptcy is also referred to as a “straight bankruptcy” because it doesn’t involve the development of a repayment plan like you will find in Chapter 13 bankruptcy. Chapter 7 might seem like a simpler way to eliminate debt by the liquidation of non-exempt assets to satisfy debts owed to creditors. However, sometimes…

If you have ever been contacted by a creditor or debt collector you have experienced the frustration and anxiety that go along with knowing you owe someone money that you can’t afford to repay. Whether you are simply trying to repay a small missed payment due to memory lapse or working to stay out of…

During this time of year you hear lots of cutesy terms that encourage consumer spending such as Cyber Monday and Small Business Saturday. These were developed to help spur holiday spending to boost retail sales at the end of the year. But, they aren’t necessarily a corporate greedy tactic. History of Small Business Saturday Known…

The last decade has been an economic roller coaster from the near peak unemployment rate to the housing market bubble and crash. Just a few short years ago, economists were concerned about the rate of consumer spending as most Americans simply weren’t buying enough to sustain economic growth as hoped. Given that consumer spending accounts…

Applying for new credit either after a California bankruptcy discharge or simply looking for new lines of credit, there are some things to consider. Obtaining new credit should be a carefully pursued process and not done on a whim if you want to ensure a solid financial future of payments with these lines of credit.…

Money management can be tricky business, especially when it comes to resolving debt issues. Most people know very little about the bankruptcy process and many are unaware of some common mistakes that could jeopardize their chances at a fresh start following a bankruptcy. If you are considering filing for bankruptcy it is important to work…

If you are considering filing for bankruptcy to resolve your debt obligations it is important that you understand how the process works and what to expect from the process. Your Sacramento bankruptcy attorney will review this information with you, but to begin you should first understand what types of debt you have and how they…

The holiday season is upon us which means long lines at the retail store checkout and a general madness around people swarming to grab gifts for loved ones. Unfortunately, the holiday season also means another thing for most families: more debt. The average American family spends upwards of $500 per child on gifts, and $150…

This seems like an odd question for individuals who are thinking about bankruptcy, but it’s more common that you think. The truth is, people that file bankruptcy are not typically financially reckless, but regular people, just like you, who have fallen on hard times. A job loss, expensive medical injury or illness, divorce, or sometimes…