Category: Chapter 7 Bankruptcy
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How to Surrender a Car in Bankruptcy
Did you know that you can easily surrender your car in a Chapter 7 bankruptcy? You can escape high loan payments, punishing interest, and avoid lawsuits. If you lease or finance a car and attempt to surrender the car outside of bankruptcy, your lender will likely charge you all sorts of fees. Many times, a…
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Sacramento Bankruptcy Filing Fee Installment Request
I have written about the cost of Chapter 7 Bankruptcy in Sacramento as well as recent increases to the filing fees here in town. One question I often get is whether the Bankruptcy Filing Fee can be paid in installments. The answer is yes! Currently the Chapter 7 Bankruptcy filing fee is $335. This amount…
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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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Chapter 7 Bankruptcy April 2014
There were 1036 Chapter 7 Bankruptcy cases filed in the Sacramento area during April 2014. That is a slight increase from March 2014 and continues the upward trend on bankruptcy filings in Sacramento. Of the 1036 new Chapter 7 cases, 122 were filed by pro se debtors. That works out to be about 11% of all Chapter 7 cases. “Pro se”…
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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…
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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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Chapter 7 Bankruptcy March 2014
There were 995 Chapter 7 Bankruptcy cases filed in the Sacramento area during March 2014. That is about a 20% increase from February 2014. Of the 995 new Chapter 7 cases, 109 were filed by pro se debtors. That works out to be about 11% of all Chapter 7 cases. “Pro se” means that they…
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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,…