Category: Chapter 13 Bankruptcy
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Spousal Waiver in Bankruptcy: What Happens if Your Spouse Won’t Sign?
Spousal waivers in California bankruptcy cases are not an issue when both spouses file bankruptcy together. However, bad things can happen when one spouse files bankruptcy on their own without first having the non-filing spouse sign the waiver. As I covered back in January, California law requires that the non-filing spouse sign a spousal waiver…
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How is Chapter 13 Bankruptcy different than Chapter 7?
Most people know that there are two main types of bankruptcy for your average person: Chapter 7 and Chapter 13. Do you know the differences? Chapter 13 Bankruptcy is considered a “reorganization.” This is different than Chapter 7 which is considered a “liquidation.” In a Chapter 13, the goal is to allow the debtor some…
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Bankruptcy Alternatives: You Have Options
Bankruptcy isn’t always the right fit for people in financial distress. Luckily, there are bankruptcy alternatives that can provide relief under the right circumstances. Bankruptcy is intended to provide relief for innocent people who find themselves in unfortunate circumstances. Typical issues that lead to bankruptcy include the loss of a job, an investment gone south,…
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Don’t Qualify for Chapter 7? You Have Options
When thinking about bankruptcy, most folks think of Chapter 7 Bankruptcy. Chapter 7 provides a “fresh start” by wiping out unsecured debt. The process takes about 3-4 months. For most people, the Chapter 7 bankruptcy process is relatively painless. However, because of how the bankruptcy code is written, not everyone will qualify for Chapter 7…