Bankruptcy Law Blog

It doesn’t take much of a change in the economy for a business to be affected. Once an owner falls behind with one creditor, it doesn’t take much more to fall behind with most of them. This can leave a business in serious debt that the owner may or may not be able to get…

Finding a Bankruptcy Lawyer in Sacramento, CA is an important process because there are hundreds of bankruptcy lawyers to choose from. Mikalah Raymond Liviakis of the Liviakis Law Firm is one of them. As a chapter 13 specialist and business and commercial bankruptcy lawyer Liviakis gives clients new insight into reducing tax debt payments, lowering…

The recent economic times have led many Californians to rely more heavily on credit cards. But this increasing reliance on credit cards can lead to an increase in credit card debt. One of the biggest downfalls of credit card debt is that carrying a balance on a credit card can affect your credit score in…

Californians know that running a business can be a difficult but fulfilling profession. Entrepreneurship is what this country is built on. But with the rising costs of labor and material coupled with the slow economy, many businesses are struggling. It does not take long for a struggling business owner to quickly get behind on payments…

The economic downturn of recent years has led many Americans to rely on their credit cards more often to pay for every day expenses. But, an increase in the use of credit cards can lead to other financial issues for an individual or family. Credit card debt is often cited as a reason by many…

The recent economic times have forced many California individuals to re-evaluate their financial situations. In many cases, this has led to the creation of better budgets, but in some cases, it has required a filing for bankruptcy to get out from under mounting debt. Last year, a former Arkansas head coach filed for Chapter 7…

The holiday season can be one of the greatest revenue producing times of the year for most retailers. But for consumers, the holidays generally mean a substantial increase in credit card debt. Many Americans are facing substantial credit card debt these days in the wake of the recession. The Visa payment processing company saw a…

Facing mounting bills and increasing debt can be a scary time in any individual’s life. Fortunately, there are debt relief options available for individuals facing financial hardship. One option that is available is Chapter 7 bankruptcy. Chapter 7 allows a qualifying individual to liquidate and eliminate consumer debt. To determine whether an individual qualifies for…

Owning a business means going through many ups and downs. If a business begins experiencing more downs than ups, creditors may begin putting more pressure on the business owner to pay up. If the owner has more debt that money coming in, one option to get out from under the mounting debt is business bankruptcy.…

Individuals and businesses can hit a bump in the road at any time. Some can be overcome easily, but others may require more substantial measures to fix the problem. One available solution may be filing for Chapter 7 bankruptcy. Two California YMCAs were permanently closed on January 11. The facilities closed were in Riverside and…