Category: Chapter 13 Bankruptcy
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Bankruptcy Horror Stories
Living with out-of-control-debt has its own monsters: creditors calling at all hours, lurking lawsuits, bank levies, and garnishments that suck the earnings right out of your paychecks. Bankruptcy can offer a way out, a last minute exit from the debt-collection horror house. However, the safe path is not always clear. Here are some bankruptcy horror stories…
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How to Get a Student Loan Bankruptcy Discharge
For the 40 million Americans who currently have student loans, many assume that student debt cannot be discharged through bankruptcy. However, this is simply not true. Receiving a student loan bankruptcy discharge can be difficult. However, in some cases student loan debt can be discharged during a Chapter 7 or a Chapter 13 bankruptcy. First,…
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Qualify for Bankruptcy
To qualify for bankruptcy, there are multiple things to look at. Debt, income, and other factors all play a role. This article will focus on qualifying for Chapter 7 Bankruptcy. The first qualification is that you must have debt. There is not necessarily a hard and fast rule about how much debt you must have to…
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Can Bankruptcy Stop Lawsuits?
Can bankruptcy stop lawsuits? Yes! This is one of the most powerful features of filing bankruptcy. The instant a person files a bankruptcy case, the “automatic stay” goes into effect. The automatic stay is intended to give a debtor (the person that filed bankruptcy) some breathing room to sort out his or her finances. Crucially,…
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Credit Karma Now Offers Full Credit Reports!
One important part of filing bankruptcy is listing all of your debts. Many of my client ask whether Credit Karma is a good tool for determining their creditors. In the past, I have said no. This was because Credit Karma did not provide enough information about your creditors. This has changed. Credit Karma is now offering…
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Benefits of Chapter 13 Bankruptcy
Chapter 13 bankruptcy can be complicated and confusing. But it doesn’t have to be. There are many benefits to Chapter 13 Bankruptcy that are not always immediately obvious. Do you know what these benefits are? Chapter 13 bankruptcy is considered a “reorganization.” This is is different than Chapter 7 bankruptcy which is typically called a “liquidation.”…
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Bankruptcy Can Get Your Driver’s License Back
Chapter 7 Bankruptcy is an important tool that can get you a fresh start. But did you know that bankruptcy can help you get your driver’s license back here in California? NOTE: Many people call my office not having read this entire post. This trick works only for civil judgements, NOT criminal restitution, unpaid child…
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Medical Bills: The Top Cause of Bankruptcy
According to this article from CNBC, medical bills are the biggest cause of bankruptcies. There are many reasons why people seek bankruptcy protection. Unexpected medical bills can be especially devastating. Why struggle with medical debt if you don’t have to? Medical bills can be difficult to deal with for a number of reasons. First, they…
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Increased Bankruptcy Filing Fees in Sacramento
The Bankruptcy Court in Sacramento recently alerted Sacramento Bankruptcy Attorneys to changes to the bankruptcy filing fees for Chapter 7 and Chapter 13 bankruptcy cases. Effective June 1, 2014, the bankruptcy filing fee will go up for the most commonly filed bankruptcy cases in Sacramento. The filing fee for a new Chapter 7 case will be $335. The…
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Don’t Bank at Wells Fargo
There are many moving parts when a person is considering filing a Chapter 7 or Chapter 13 bankruptcy. One important consideration is where you have bank accounts. To be blunt: Wells Fargo is the worst bank on the planet. Just this week Wells Fargo repossessed a car of one of my clients. They did so…