Category: Chapter 13 Bankruptcy
-
4 Tips to Rebuild Credit After Bankruptcy
It is absolutely possible to rebuild credit after bankruptcy. There are many myths out there about re-establishing your credit score after a bankruptcy. Here are some tips and tricks to get you back on track after bankruptcy. 1. Bankruptcy Doesn’t Mean No Credit Yes, it is true — bankruptcy will remain on your credit report…
-
What To Do If a Creditor Contacts You After Bankruptcy
You’re done with your bankruptcy! Congratulations on achieving a fresh start on your finances. Now you need to start rebuilding your credit. But wait: a nefarious creditor has started contacting you about one of your pre-bankruptcy debts. What To Do If a Creditor Contacts You After Bankruptcy? There are a few reasons why a pre-bankruptcy…
-
New Bankruptcy Scam
I have received word of a new devious new bankruptcy scam going around. I want to alert all of my clients so that they can avoid being scammed. One thing that you need to realize is that your bankruptcy petition is 99.99% public record. The only item of information that is not accessible to the general public is…
-
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…
-
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…
-
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…
-
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…
-
New Car Loan During Chapter 13 in Sacramento
Chapter 13 bankruptcy cases are considered “reorganization” bankruptcies. The case will last between 3 and 5 years, and during that time the debtor will repay at least a portion of that debt. Chapter 13s are great for many debtors, but they can be cumbersome because many large life decisions require court approval. For instance, if…
-
Wells Fargo and Bankruptcy Don’t Mix
If you are considering declaring bankruptcy in Sacramento, chances are you are at least somewhat concerned with keeping your assets safe. Most people are primarily worried about their houses or cars, but what about your bank accounts? Unfortunately banks can and will freeze bankruptcy filers accounts. Wells Fargo in particular has a very aggressive policy. The…
-
Declare Your Independence From Debt
Today is Independence Day, so naturally I have to write a blog about declaring your independence from debt. The bankruptcy code was written to help honest, yet unfortunate debtors who find themselves unable to repay their debts. Bankruptcy provides us with the rare opportunity to push the “reset” button in our lives. Chapter 7 or Chapter 13…