Bankruptcy Law Blog

If you’re considering bankruptcy as a means to erase or manage your debt, it’s important to understand the differences and implications of the types of bankruptcies available. In the U.S, the most commonly filed types of personal bankruptcies are Chapter 7 and Chapter 13, both of which can provide relief from overwhelming debt, but in…

At Liviakis Law Firm, we’ve worked with numerous clients who are concerned about what will happen to their assets when they file for Chapter 13 bankruptcy. While it’s a valid concern, the truth is that Chapter 13 bankruptcy is designed to help debtors reorganize their debts while keeping their assets intact. In this article, we’ll…

Become knowledgeable on how to protect the equity in your home, using Chapter 13 bankruptcy, with guidance from the highly reputed California bankruptcy attorneys at Liviakis Law Firm. What is Equity, and What’s Its Importance? Home equity, the difference between your current mortgage balance and the fair market value of your home, is not simply…

If you find yourself in a situation where wage garnishments are overwhelming your budget, it can feel like you’ve been put in the worst financial nightmare. It can consume your thoughts and limit your lifestyle choices. However, there is a solution that offers immediate relief. A Chapter 7 Bankruptcy can stop a California wage garnishment…

The process of filing for Chapter 13 bankruptcy in Sacramento, California, is not one to be taken lightly. It requires careful thought, planning and legal guidance through what can often be a complex and overwhelming procedure. With the help of an experienced bankruptcy attorney, such as those at the Liviakis Law Firm, individuals can navigate…

If you’re in a financial hardship and are filing for Chapter 7 bankruptcy in Sacramento, CA, the idea of filing a subsequent Chapter 13 bankruptcy can seem daunting. While the law does not categorically rule out the possibility of filing for Chapter 13 bankruptcy after a recent Chapter 7 case, it does come with its…

The decision to file for bankruptcy is never an easy one. In most cases, this daunting task can be overwhelming, and understandably so. A wave of questions could immediately flood your mind: How does this work? What must I do? Whom should I involve? For Sacramento residents, it might seem very enticing to solicit the…

At Liviakis Law Firm, we’ve heard this question from countless clients: “Why do I need a Sacramento bankruptcy attorney if I can just stop paying my creditors?” While you may have the option to stop paying your creditors, the consequences can be far-reaching and severe. Let’s explore why employing the services of a Sacramento bankruptcy…

Coming to the decision to file for bankruptcy is one that most people never take lightly. The economic strains, the collecting debts, the relentless creditors, all create an overwhelming amount of pressure. Sometimes, bankruptcy seems like the only way out. But what happens if you change your mind after you’ve begun the process? Is that…

Financial stability is a goal that everyone aspires to achieve. In the picturesque region of El Dorado County, California, many residents are dealing with financial precarity and insurmountable debt. According to the U.S. Federal Reserve, the average American has $38,000 in personal debt, excluding home mortgages. Such figures can be discouraging, especially when one’s aim…