Author: Attorney Rick Morin
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Bankruptcy Chapter 13
Chapter 13 bankruptcy can be an incredibly powerful tool to help you get your finances back on track. Bankruptcy Chapter 13 can also be quite intimidating and confusing for some people. Here are some interesting facts that you might not know about Chapter 13. 1. Only people can declare Chapter 13 That’s right, only people…
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What is a judgement lien?
Civil lawsuits in Sacramento can take years from start to finish. On the other hand, a default judgement (where the defendant doesn’t appear to defend the action) can occur in just a few months. In either case, a prevailing party in a lawsuit is granted a judgement. What next? Judgements are just paper After winning…
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Online Loans Are a Fast Track to Bankruptcy
I have been seeing more and more clients with large debts from online loan companies. These loans are proving to be toxic and a fast track to the bankruptcy court. In a financial jam, a quick infusion of cash might seem like just what the doctor ordered. And in some cases, this is absolutely true.…
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SB 308 Bankruptcy Exemptions Failed to Pass
I have been watching Senate Bill 308 quite closely. The bill would have modernized California’s bankruptcy exemptions to allow debtors additional tools to protect their assets from the reach of creditors. Unfortunately, SB 308 failed to pass this year. The first half of the 2015-16 California legislative session came to a conclusion on Friday, September 11.…
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Top 5 Reasons to File Chapter 13 in Sacramento
Chapter 13 bankruptcy is a powerful option for many people that need a fresh start with their finances. Here are the Top 5 Reasons to File Chapter 13 in Sacramento. 1. Wipe Out a 2nd Mortgage Secured loans such as mortgages aren’t affected by Chapter 7 bankruptcy. But did you know that you can wipe out…
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Sacramento Court Filing Fee
Filing a lawsuit in a Sacramento court isn’t free. There is almost always a filing fee associated with starting a new lawsuit. The filing fee will depend on the court in which you are filing and the type of lawsuit involved. Sacramento Superior Court The Sacramento Superior Court classifies lawsuits based upon the amount of…
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When Are Chapter 13 Payments Due in Sacramento?
Chapter 13 bankruptcy is a reorganization bankruptcy where the court lets you repay some of your debts over time. Chapter 13 bankruptcy is great for people that do not qualify for Chapter 7 bankruptcy or just need some breathing room to figure out their finances. Every Chapter 13 case involves a monthly payment by the…
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Bankruptcy Judgement Lien House Purchase
This is technical blog post that is going to cover an obscure, but every important situation that some bankruptcy filers find themselves in after bankruptcy. Let’s say that you were sued prior to bankruptcy and the creditor recorded their judgement in your county of residence. At the time the judgement was recorded, you did not…
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Donald Trump’s Many Bankruptcies
Donald Trump certainly has been in the news a lot recently. Whatever you think about his politics or show business credentials, the man clearly knows his way around a United States Bankruptcy court. A brief review of bankruptcy court information reveals that Donald Trump’s organizations have filed at least five bankruptcies since 1990. Each of these…
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How to Declare Bankruptcy in Sacramento
Unfortunately, you can’t wish all of your debts away by just saying the words “I declare bankruptcy.” The process is complicated and full of traps for the unwary. If you want to declare bankruptcy in Sacramento, you should read this brief outline of the bankruptcy process from start to finish. For those that are new…