Category: Chapter 7 Bankruptcy
-
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…
-
What is a Bankruptcy Asset Case?
There are two main types of Chapter 7 bankruptcies: asset and no-asset cases. There is a huge difference between the two. Read on to learn more about a bankruptcy asset case. Legally speaking, a Chapter 7 Bankruptcy is known as a “liquidation” bankruptcy. The bankruptcy court is empowered to liquidate your assets to provide a…
-
List all of your bankruptcy creditors – or else!
Preparing a successful Chapter 7 or Chapter 13 bankruptcy involves many steps. One of the most important steps in any bankruptcy is to ensure that you have listed all of your creditors. Here’s why. After a Chapter 7 or Chapter 13 bankruptcy is filed, the court will send every creditor a notice of bankruptcy filing. This…
-
Does Debt Consolidation Have You Hanging on the Edge?
Debt consolidation may seem like at great idea, especially for those debts that you just can’t seem to get rid of. However, many debt consolidation programs have serious drawbacks. You should take these factors into consideration before deciding how to tackle your debt. 1. How much will debt consolidation cost? Ask if the consolidation program…
-
5 Budget Life Hacks for Destroying Your Debt
Is your debt getting out of control? Here are some budget life hacks that might help you get out of a sticky debt situation. 1. Build a Budget This one is so obvious, but I have to put it as number one because most people don’t have a budget plan. Without a budget, the rest of…
-
Rebuild Credit After Bankruptcy
Most of my clients ask for advice on how to rebuild credit after bankruptcy. The good new is that it is absolutely possible to have a good credit score within just 12-24 months of filing for bankruptcy. You will need to have a plan and stick to it, but it is not impossible by any…
-
Payday Loans Are Worse Than Gambling
A sure sign that a person is ready to file bankruptcy is a reliance on payday loans. Let me be clear: these things are flat-out scams. Any loan with interest rates over 100% should be illegal. I’m not entirely sure why our elected representatives have not outlawed these things. Alas, they are a part of life…
-
Bankruptcy Hijacking: What You Need to Know
Bankruptcy hijacking has been a problem in Southern California bankruptcy courts for some time. The trend is starting to show up in the Sacramento Bankruptcy Court too. Here is what you need to know about this concerning phenomenon. Bankruptcy hijacking can be defined as a third party fraudulently taking advantage of a debtor’s bankruptcy case…
-
5 Signs You Need to File for Bankruptcy Today
One common thing that I hear from my clients is that they have considered bankruptcy for a long time. In some cases, multiple years have gone by but they haven’t taken any action to get their finances in order. Here are the top 5 signs that people need to be aware of when considering whether…
-
Top 7 Bankruptcy Myths That Must Die
As a Bankruptcy Attorney in Sacramento, I hear all sorts of myths about the bankruptcy process. Here are some of the bankruptcy myths that I hear over and over again — and the real truth. 1. You Can’t Keep Your Car in Bankruptcy A lot of folks think that they will need to surrender their…