Bankruptcy Law Blog

Below represents 3 common reasons you may benefit from filing for bankruptcy sooner rather than later: 1. Stop Foreclosure on Your Home Filing for bankruptcy will stop the foreclosure process the moment your bankruptcy documents are filed. You will be notified by your bank if they plan on foreclosing on your home. A deadline will…

If you are facing serious credit card debt problems, filing for bankruptcy may offer a powerful solution. Carrying a balance on a credit card is usually not a problem; it is when you have too much credit card debt and you can only afford to make the minimum payments that the difficulties start. Credit cards…

When you find yourself in a mountain of debt, declaring bankruptcy may be your best, if not your only, course of action. We feel like it is extremely important to know how declaring bankruptcy will affect your debt and your future. Talking to an experienced bankruptcy attorney is something you need to do before you…

At Liviakis Law Firm, you will find answers to your questions about whether or not filing for bankruptcy will eliminate your credit card debt. Most people have unsecured and secured debt. Unsecured debt is debt that is not tied to any property. Medical bills, utility bills, personal loans, and credit cards are all considered unsecured…

You are behind on your mortgage payments and foreclosure is looming. Alternatives to foreclosure are a short sale, loan forbearance, and a deed in lieu of foreclosure. When none of these alternatives are possible there might be one option you might not know about: filing for bankruptcy. Many people have been able to keep their…

When the economy takes a turn downward, many people have to make changes to both what they purchase and how they purchase it. Many Americans have begun to make a budget in order to better manage finances. But for necessary expenses, some turn more heavily to credit cards. Credit cards can be a tool to…

Running a business at any time can be difficult and stressful. However, over the last few years, running a business has been nearly impossible. It does not take very many missed or late payments for a business to be in financial trouble. This may leave the owner with few options to get out of debt.…

In most bankruptcy cases, the fees an attorney charges are disclosed. In fact, the Court also provides guidelines covering the range of legal fees applicable to work on consumer bankruptcy cases. In chapter 11, an attorney is paid after filing a motion for compensation which lays out exactly how much the attorney is charging and…

The past few years have forced many residents of Sacramento to rely more heavily on debt to finance everyday tasks. Many have seen their debt increase in the form of credit card debt, student loan debt or mortgage debt if the house has lost value. In some cases, debt can be beneficial to the individual.…

Last Wednesday, the bankruptcy judge overseeing the Detroit bankruptcy case put a hold on all lawsuits that were challenging Detroit’s bankruptcy filing, as well as most other litigation against Detroit. However, this does not mean an end to Detroit’s legal troubles. The bankruptcy judge pointed out that his ruling did not decide whether Detroit could…