Category: Bankruptcy Law
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List all of your bankruptcy creditors – or else!
Preparing a successful Chapter 7 or Chapter 13 bankruptcy involves many steps. One of the most important steps in any bankruptcy is to ensure that you have listed all of your creditors. Here’s why. After a Chapter 7 or Chapter 13 bankruptcy is filed, the court will send every creditor a notice of bankruptcy filing. This…
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Chapter 13 Bankruptcy and Taxes
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…
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Bankruptcy Hijacking: What You Need to Know
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…
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Top 7 Bankruptcy Myths That Must Die
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…
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6 Alarming Secrets You Didn’t Know About Bankruptcy
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.…
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4 Surprising Questions You Might Be Asked at Your Bankruptcy Hearing
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…
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Bill Collection Scams in Sacramento
My office has been receiving a surprising number of phone calls recently from people thinking about filing bankruptcy with one common trait: they were recently called by a extremely aggressive bill collector. Read more below to find out what you need to know about these bill collection scams in Sacramento. Bill collectors get a bad…
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Importance of Bankruptcy Paperwork Might Surprise You
When a person signs their bankruptcy forms, they do so under penalty of perjury. This means that the government can prosecute a bankruptcy debtor for lying on their bankruptcy paperwork. This alone is a good enough reason to tell the truth and not hide anything. Surprisingly, omissions on your bankruptcy paperwork can have effects in other…
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Can I File Bankruptcy Again?
No one ends their bankruptcy thinking that they will need to do it again. However, as most people facing bankruptcy already know, you can’t plan for everything life throws at you. “Can I file bankruptcy again?” is a question that we get asked quite often. Whether there is a medical emergency, divorce, or if you lose your…
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How to Discharge Taxes in Bankruptcy
Like credit card debt and car loans, back taxes can be a serious financial burden. Yet in some cases, it is possible to find relief from your taxes through bankruptcy. The process boils down to 5 rules. The first two are simple: the tax debt attempting to be discharged must be from a non-fraudulent return,…