Bankruptcy Law Blog

The economy has been very tough on many people the last few years during the recession. Unemployment levels have remained high, inflation has risen, wages have stayed low and home values have slipped. This has created a very difficult financial situation for many in California. While the economy has been sluggish, many people have been…

It is a tough decision to make, but sometimes bankruptcy is the only viable option to overcome a high debt load. Stockton, California, has come to this difficult conclusion: its city council recently voted to seek bankruptcy protection. Many Sacramento households can relate to the needs of the city and its decision to seek debt…

Like the rest of the country, California residents regularly seek advice for reducing credit card debt and weathering other financial challenges. The plan is typically to pay back debt now in order to have a strong financial future. When looking at ways to pay down debt, the first piece of advice is to spend less.…

A Silicon Valley-based solar manufacturer recently filed for Chapter 11 business bankruptcy protection with hope of reorganizing its business and beginning anew. NovaSolar was created just three years ago when a large thin-film solar manufacturer was broken into two parts. The portion that has now filed for Chapter 11 bankruptcy protection had taken over the…

The Sacramento, California, area saw a decline in small business bankruptcy filings for the first quarter of 2012. Compared to the first quarter of 2011, small business filings are down 27.4 percent. Equifax, one of the nation’s top three credit reporting agencies, says that 323 small Sacramento-Arden-Arcade-Roseville regional firms filed for bankruptcy protection in the…

Fans of “The Real Housewives of New Jersey” no doubt remember Danielle Staub, who was one of the women viewers loved to hate in the early seasons of the show. Staub has had a hard time keeping up the extravagant lifestyle shown on the show since her departure, which led her to file for Chapter…