Category: Chapter 7 Bankruptcy
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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…
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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…
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What is Chapter 7 Bankruptcy?
What is Chapter 7 bankruptcy? Chapter 7 is the most popular type of bankruptcy in Sacramento. And for good reason. Chapter 7 gets you a fresh start and eliminates your unsecured debt. Chapter 7 is what you think of when you hear the word “bankruptcy.” If you qualify, the bankruptcy court will discharge nearly all of…
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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…
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Online Loans Are a Fast Track to Bankruptcy
I have been seeing more and more clients with large debts from online loan companies. These loans are proving to be toxic and a fast track to the bankruptcy court. In a financial jam, a quick infusion of cash might seem like just what the doctor ordered. And in some cases, this is absolutely true.…
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Bankruptcy Judgement Lien House Purchase
This is technical blog post that is going to cover an obscure, but every important situation that some bankruptcy filers find themselves in after bankruptcy. Let’s say that you were sued prior to bankruptcy and the creditor recorded their judgement in your county of residence. At the time the judgement was recorded, you did not…
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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…
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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…
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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…
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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…