Debt consolidation may seem like at great idea, especially for those debts that you just can’t seem to get rid of. However, many debt consolidation programs have serious drawbacks. You should take these factors into consideration before deciding how to tackle your debt. 1. How much will debt consolidation cost? Ask if the consolidation program […]
Is your debt getting out of control? Here are some budget life hacks that might help you get out of a sticky debt situation. 1. Build a Budget This one is so obvious, but I have to put it as number one because most people don’t have a budget plan. Without a budget, the rest of […]
Going through a Chapter 13 Bankruptcy can be confusing enough without tax season sneaking up behind you. In this post, I will go through some frequent questions regarding Chapter 13 bankruptcy and taxes. What returns are due? According to the Bankruptcy Code, all Chapter 13 debtors must file all required tax returns for the years ending […]
Most of my clients ask for advice on how to rebuild credit after bankruptcy. The good new is that it is absolutely possible to have a good credit score within just 12-24 months of filing for bankruptcy. You will need to have a plan and stick to it, but it is not impossible by any […]
A sure sign that a person is ready to file bankruptcy is a reliance on payday loans. Let me be clear: these things are flat-out scams. Any loan with interest rates over 100% should be illegal. I’m not entirely sure why our elected representatives have not outlawed these things. Alas, they are a part of life […]
Bankruptcy hijacking has been a problem in Southern California bankruptcy courts for some time. The trend is starting to show up in the Sacramento Bankruptcy Court too. Here is what you need to know about this concerning phenomenon. Bankruptcy hijacking can be defined as a third party fraudulently taking advantage of a debtor’s bankruptcy case […]
One common thing that I hear from my clients is that they have considered bankruptcy for a long time. In some cases, multiple years have gone by but they haven’t taken any action to get their finances in order. Here are the top 5 signs that people need to be aware of when considering whether […]
As a Bankruptcy Attorney in Sacramento, I hear all sorts of myths about the bankruptcy process. Here are some of the bankruptcy myths that I hear over and over again — and the real truth. 1. You Can’t Keep Your Car in Bankruptcy A lot of folks think that they will need to surrender their […]
1. Bankruptcy Isn’t Free In Sacramento, a Chapter 7 bankruptcy attorney can run anywhere from $1,500-$3,000. Hiring an attorney will dramatically increase the likelihood of a successful bankruptcy. Even if you are willing to risk your financial future and file your bankruptcy without counsel, you will still need to pay court filing fees, online classes, etc. 2. […]
For most debtors, the bankruptcy hearing is the most daunting part of the bankruptcy process. Whether you are filing Chapter 7 or Chapter 13 bankruptcy, each debtor is required to appear in court for a “meeting of creditors.” As I have discussed in the past, the meeting of creditors is an opportunity for the Bankruptcy […]