Category: Chapter 7 Bankruptcy
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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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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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Fresh Start Bankruptcy 2016
We all made it through the holidays and now it is 2016. Many people from the Sacramento area will be calling my office over the next few months to discuss moving forward with a fresh start bankruptcy in 2016. Here is why. The New Year is not just a time for reflection on the previous…
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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.…
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Chapter 7 Bankruptcy Dismissed Credit Report
On occasion I will get a call from someone that filed their own bankruptcy without an attorney. For one reason or another, the bankruptcy case didn’t fly and was dismissed by the court. The question is usually this: how do I remove the dismissed bankruptcy from my credit report? The short answer is “you can’t.”…
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Filing Bankruptcy in December? You Need to Read This.
Something big happened this month in the bankruptcy universe. The official forms provided by the United States Bankruptcy Court completely changed as of December 1, 2015. Unlike official forms in other types of legal proceedings, these bankruptcy forms — often called the “petition and schedules” — are mandatory for all bankruptcy filers. Said another way,…