Bankruptcy Law Blog

When filing bankruptcy, the main objective is to obtain relief from debt, get back on a firm financial foundation, and repair broken credit. By simply completing a bankruptcy plan successfully, you will often times see an increase in your credit. There are some very methodical things you can do to continue the credit rebuilding process…

If a creditor obtains a judgment against you in court, they can levy your bank account to recover the debts that you owe to them. This can make an even bad situation worse, and take away money that you need to pay your mortgage, automobile, and utility bills. When an individual defaults on an unsecured…

When you’re behind on your utility bills, it can be a severely stressful situation. Odds are, that if your utilities are being shut off, this is just the tip of the financial issue iceberg for you. On a positive note, by filing bankruptcy, you can be protected from utility shut-off, including your gas, water, electricity,…

When asking a Sacramento bankruptcy lawyer or professional credit counselors if payday loans are a good idea the majority of them will tell you no…payday loans are a bad idea. The principle isn’t such a bad thing, just the practice: you usually get stuck in a repetitive cycle of extremely high interest rates and fees…

A loan or mortgage modification in Sacramento is a way to adjust the terms of one’s current loan, by either reducing the interest rate or extending the pay period or sometimes both. The overall goal is to lower monthly payments on your loan to prevent default and in the case of your mortgage, to keep…

The Fair Debt Collection Practices Act or FDCPA is a set of laws that gives legal protection for debtors against abusive debt collection tactics by creditors. In essence, this amendment was enacted to ensure fair debt collection. But how does this benefit the average person who has debts? There are a number of rules that…

Student Loans in Bankruptcy There are several payments that are not dischargeable in bankruptcy such as child support and alimony. Student loans are also among payments that are not typically discharged in a bankruptcy case. That does not mean it is impossible, merely difficult. In order to have your loan discharged you must prove that…

Rebuilding Credit Post-Bankruptcy Bankruptcy offers a huge relief for those dealing with massive amounts of debt. While bankruptcy has allowed you to wipe the slate clean, a lower credit is the price that is paid. If your credit was not in good shape before your filing for bankruptcy then it is imperative to rebuild it…

A bankruptcy trustee is assigned to every chapter 7 and chapter 13 bankruptcy case after it is filed. The United States Trustee at the Justice Department is tasked with appointing and supervising bankruptcy trustees. By and large, trustees are lawyers or professionals with extensive experience in bankruptcy. The duties of a bankruptcy trustee vary depending…

Dealing with Debt Collectors Under the Federal Fair Debt Collection Practices Act (FDCPA), it is illegal for creditors to utilize threatening, offensive, and intimidating behavior against a debtor. If you have been feeling unsettled by the tactics taken by a debt collector, you have a right to make a formal complaint. For the most part,…