Bankruptcy Law Blog

At Liviakis Law Firm, we work with real estate owners who have complex debt problems and wish to obtain financial stability through use of the Bankruptcy Code. Whether residential or commercial property, Chapter 11 bankruptcy and Chapter 13 bankruptcy provide the opportunity to sell property in bankruptcy at a price that maximizes profit for business…

Homeowners all over the Sacramento area are taking stock of their finances to plan ahead for the New Year. Mortgage obligations can lead to financial stress when mortgage payments change or income fluctuates. Fortunately, Chapter 13 bankruptcy provides various opportunities for homeowners to delay or prevent foreclosure and pay off backed up payments on their…

Most people think that credit card debt and student loans are the most problematic type of debt today. However, the booming increases in medical debt can be just as much of a problem for the average consumer. In fact, studies have recently shown that an estimated 1 in 5 American adults may be contacted by…

One of the great things about the Sacramento area is that there are rich opportunities for small businesses to thrive and flourish from Carmichael to El Dorado Hills. There are restaurants owned locally on every street. There are offices for every type of professional service, from dentists to certified public accountants. While these small businesses…

As time passes and the Great Recession is further in the rear view mirror, home values are increasing and the economy is slowly showing positive signs. But for the average person, that may offer little consolation when a foreclosure notice is posted on their door. Foreclosure rates in California and Sacramento may be lower than…

Filing bankruptcy is a big decision and requires total commitment, especially in a Chapter 13 filing. A Chapter 13 is a three to five year legal proceeding that requires that the debtor pay back debts either fully or partially under a repayment plan. This form of bankruptcy is very powerful and can provide serious solutions…

For many people in debt, filing bankruptcy is not the first attempt at fixing their financial situation. Some people put their head in the sand. Others try to make minimum payments for a while. Still others try moving money around with a complicated network of balance transfers. But sometimes when a debtor has paid a…

Sacramento is proudly home to many military families. From Travis Air Force Base and McClellan Air Force Base alone, there are many active duty personnel living in the area. For these hard-working folks who sacrifice so much, dealing with debt problems can be very difficult. Fortunately, military personnel have the same right to file bankruptcy…

Debt collectors. Collection agencies. Debt buyers. These are just different names for large companies that exist solely for the purpose of collecting on consumer debt. Debt buyers are large companies that specifically deal in the buying and selling of billions of dollars of consumer debt. There is a whole market of credit card companies, hospitals,…

Debt collectors are on the loose. California courts are being completely bogged down by debt collection lawsuits. For most of those consumers that are being dragged into court, there is a solution that would stop those lawsuits in their tracks: bankruptcy. Why particular individual consumers aren’t taking advantage of the bankruptcy laws is anyone’s guess.…