Category: Local Bankruptcy News
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New Car Loan During Chapter 13 in Sacramento
Chapter 13 bankruptcy cases are considered “reorganization” bankruptcies. The case will last between 3 and 5 years, and during that time the debtor will repay at least a portion of that debt. Chapter 13s are great for many debtors, but they can be cumbersome because many large life decisions require court approval. For instance, if…
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Sacramento Bankruptcy Trustees – What You Need to Know
Unlike what you see on TV, in bankruptcy court you rarely meet your judge. Instead the court assigns your case to a “trustee” for administration. Trustees usually have previous experience with bankruptcy court and come from backgrounds in law or accounting. The role of the Sacramento Bankruptcy Trustees is to remain impartial and to ensure that…
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Sacramento Bankruptcy Court
The Sacramento Bankruptcy Court is a big place with multiple floors, departments and functions. I’m going to briefly describe the Court from top to bottom for folks who have never been there before. The first thing that you need to know is that the Sacramento Bankruptcy Court is not a stand-alone court. The Bankruptcy Court is located…
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Waiting to Declare Bankruptcy Could Cost You
I often consult with people that have waited far too long to declare bankruptcy in Sacramento. Unnecessary delays can be dangerous for a few reasons. But I want to focus on one reason that could cost you big money. If you own a home in Sacramento, you are used to wild fluctuations in house values.…
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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…
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Bill Collection Scams in Sacramento
My office has been receiving a surprising number of phone calls recently from people thinking about filing bankruptcy with one common trait: they were recently called by a extremely aggressive bill collector. Read more below to find out what you need to know about these bill collection scams in Sacramento. Bill collectors get a bad…
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Chapter 7 Bankruptcy May 2014
There were 1,021 Chapter 7 Bankruptcy cases filed in the Sacramento area during May 2014. That is a very slight decrease from April 2014 and ends the four-month series of increase of bankruptcy filings in Sacramento. Of the 1,021 new Chapter 7 cases, 121 were filed by pro se debtors. That works out to be almost 12% of all Chapter 7 cases. “Pro…
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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…