Credit reports are changing! A better credit score may be right around the corner. Starting this week, some people will enjoy a credit score increase of up to 20 points. This is because the three major credit bureaus will enforce stricter reporting regulations. What does this mean? Civil judgments and tax liens will vanish from […]
People often co-sign debts without realizing that there can be severe consequences down the road. For instance, a lender can sue a co-signor if the primary borrower defaults. Read on to learn more about these insidious lawsuits. Co-Signing a Loan is Very Serious Co-signing on a loan for a friend or family member seems like […]
Lien removal after bankruptcy is a complicated, but important subject. Debtors often discover liens after bankrutpcy. What can a debtor do to get rid of these liens? It depends! Read on for more information. Abstracts of Judgment A creditor can only obtain a judgment against a borrower if the borrower defaults on their debt. A creditor […]
Did you receive Bankruptcy Official Form 423? Not sure what to do with it? Read on to learn more about this important bankruptcy form. Bankruptcy Courses If you are on the receiving end of Bankruptcy Official Form 423, then it is safe to say that you are in the middle of a bankruptcy. The law requires […]
You probably already know that most student loans survive bankruptcy. What you may not know is that there still is some hope for relief in bankruptcy. Read on to learn more. Educational Loans are Tough to Discharge in Bankruptcy The general rule that most people know is that student loans typically survive a bankruptcy. In other […]
Bankruptcy is an incredibly useful tool for eliminating debt. However, some debts are not excusable in bankruptcy. Did you know that one such debt is child support? Courts Treat Child Support Differently in Bankruptcy The bankruptcy code defines child support (also known as a Domestic Support Obligation, or DSO) as an automatically non-dischargeable debt. This […]
It is not often that the United States Supreme Court decides a bankrutpcy related case. Yesterday, the Supreme Court issued a ruling in an important cases that bankruptcy practitioners have been watching for some time. In fact, the case of Midland Funding v. Johnson decides an important question for Chapter 13 lawyers nationwide. Not All Claims […]
Have you ever wondered how to amend your bankruptcy case? Read on to learn more about this important subject. Bankruptcy Amendments From time to time you may need to amend your bankruptcy case. You may have forgotten about a creditor or failed to list an asset. Perhaps your bankruptcy trustee has pointed out an error […]
There are quite a few courthouses in Sacramento. But where is the Bankruptcy Court Sacramento? Read on to find out more. Bankruptcy is Federal Law Most people do not realize that bankruptcy is a federal legal proceeding. In fact, this means that federal law governs all bankruptcy cases. This is the reason that you will not find […]
Most bankruptcy filers are apprehensive about how long their case will last. The good news is that the bankruptcy timeline in Sacramento is probably quicker than you think! Read on to learn more about the timelines for a typical Sacramento Chapter 7 Bankruptcy. The Clock Starts Ticking Once Your Case is Filed Bankruptcy officially starts […]