Category: Chapter 13 Bankruptcy
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Same-Sex Marriage & Bankruptcy
You might have recently heard that the United States Supreme Court recently ruled that states may not prohibit same sex couples from marrying. Along with a decision a few years ago striking down the Defense of Marriage Act (DOMA), these two decisions have an important impact on bankruptcy law as it relates to same sex…
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SB 308 Update to California Bankruptcy Exemptions
UPDATE: Unfortunately, SB 308 failed to pass this year. The California Legislature is currently debating a bill that would greatly expand legal protections for bankruptcy filers in California. Senate Bill 308, introduced by Senator Wieckowski, would expand and improve upon California’s current two-tier system of bankruptcy exemptions. Bankruptcy exemptions are laws that allow bankruptcy filers to…
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5 Things You Need to Tell Your Bankruptcy Attorney
Declaring bankruptcy necessarily requires you to disclose a large amount of information to the bankruptcy court. As your attorney, I work closely with you to ensure that all your bases are covered. Here are some important areas that you should keep in mind when considering bankruptcy. 1. Your Income This might seem obvious, but you…
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Four Important Tips for Timing Your Bankruptcy
Planning your bankruptcy is essential to getting your finances back on track. Consider these tips before you file: 1. Emergency Situations Have you received notice of a lawsuit, garnishment, bank levy, foreclosure, or repossession? Bankruptcy will immediately stop these actions. In these emergency situations, your bankruptcy should be filed as soon as possible. Don’t just ignore…
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Sacramento Bankruptcy Trustees – What You Need to Know
Unlike what you see on TV, in bankruptcy court you rarely meet your judge. Instead the court assigns your case to a “trustee” for administration. Trustees usually have previous experience with bankruptcy court and come from backgrounds in law or accounting. The role of the Sacramento Bankruptcy Trustees is to remain impartial and to ensure that…
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Waiting to Declare Bankruptcy Could Cost You
I often consult with people that have waited far too long to declare bankruptcy in Sacramento. Unnecessary delays can be dangerous for a few reasons. But I want to focus on one reason that could cost you big money. If you own a home in Sacramento, you are used to wild fluctuations in house values.…
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Chapter 13 Bankruptcy Cost in Sacramento
The cost of bankruptcy is obviously an important consideration. But how much does Chapter 13 Bankruptcy Cost in Sacramento? Read on to find out this little-known secret. Unlike Chapter 7 Bankruptcy, most Chapter 13 Bankruptcy fees are capped by the Bankruptcy Court here in Sacramento. Not all bankruptcy attorneys are up front about this fact. In…
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Sacramento Wage Garnishment Tips
I have said it before and I will say it again: one of the top reasons people seek bankruptcy help is because of a wage garnishment. A Sacramento wage garnishment can have disastrous effects on your finances. Here are some tips that can help you deal with a wage garnishment. 1. Be Proactive First of…
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Never Do These 5 Things Before Filing for Bankruptcy in Sacramento
DON’T Pay Back Friends or Family Members In the eyes of the court all creditors are to be treated the same, whether it’s a collection agency, a bank, or your mom. Most people want to pay back their debts, especially to friends and relatives. However, this could create preference issues in your case and the court…
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5 Smart Bankruptcy Tips for Acing Your Bankruptcy
Bankruptcy doesn’t have to be stressful or intimidating. I help dozens of people each month successfully compete the bankruptcy process. Here are some of my top bankruptcy tips for acing your bankruptcy! 1. Be Organized Trust me, the bankruptcy process will go much more smoothly if you are organized from the start. I have seen many…