Category: Chapter 13 Bankruptcy
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Don’t Forget Your Social Security Card
There is a lot to remember during the bankruptcy process. A very important part of each bankruptcy is the Meeting of Creditors. Are you prepared for yours? Bankruptcy Meeting of Creditors At your Meeting of Creditors (sometimes called a 341 Hearing by attorneys), you will be asked some questions. The questions are about your bankruptcy papers and…
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How To Amend Bankruptcy List of Creditors
Your bankruptcy petition should be as perfect as possible before it is sent to the court. However, issues can arise after filing. A common problem is the failure to list all creditors. Here is how to amend your bankruptcy petition to fix that problem. Listing All Creditors is Important When a bankruptcy petition is submitted to…
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Don’t Hide Assets From The Bankruptcy Court
Rapper and occasional actor 50 Cent has been in the news recently. 50 Cent declared bankruptcy in New York. He was on the losing end of a civil lawsuit and chose to file for bankruptcy to restructure his debts. 50 Cent is big on the social media. He was recently hauled before the United States…
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IRS Tax Bankruptcy
I see a lot of people that get into trouble with the IRS and Franchise Tax Board for unpaid taxes. Some people adjust their tax withholdings so that they withhold not enough taxes from their wages. This can help with a temporary financial situation, but failing to re-adjust the withholding can result in a large…
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Home Bankruptcy Sacramento
A common reason to declare bankruptcy is to seek help with past-due mortgage payments. There is one specific type of bankruptcy that can help in this situation. Read on to learn more about Home Bankruptcy in Sacramento. If you have fallen behind on your mortgage payments, it can be difficult to get caught up again. The…
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Continued Garnishment After Bankruptcy Filing
One of the most powerful provisions of bankruptcy law is called the “automatic stay.” The automatic stay prevents your creditors from taking action against you once you have declared bankruptcy. But what happens if you have a continued garnishment of your wages even after you file for bankruptcy? By law, your creditors are required to…
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4 Common Myths About Sacramento Bankruptcy
As a bankruptcy lawyer in Sacramento, I hear all kinds of misinformation about bankruptcy. Here are the top five myths about bankruptcy that I hear on a regular basis. Myth 1. I can’t keep my car when I file bankruptcy It is extremely rare for a person to lose their car during the bankruptcy process. In…
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What Happens to Tax Refunds in Bankruptcy 2016?
It is that time of year again. If you earned wages in 2015, your employer will be sending you a W-2 any day now. Hopefully you will be getting some type of tax refund from either the Franchise Tax Board or the IRS. How does that affect a bankruptcy case? Tax Refunds in General The…
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Uber Bankruptcy Sacramento
The number of people driving for Uber and Lyft these days is increasing rapidly. I have noticed many bankruptcy filers in my office reporting that they are working, at least part time, for Uber and Lyft. What does this have to do with bankruptcy? Let me tell you! You Must Disclose All Income in a Chapter…
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5 Bankruptcy Things You Need to Know Before Christmas
With Christmas just around the corner, many of you will be squeezing your paycheck to cover the extra expenses of gifts for friends, family, and coworkers. This struggle can lead to a hard look at your finances for the new year, and maybe even deciding that 2016 if finally the year to become debt free.…