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How fast is a Chapter 7 bankruptcy in California?

One advantage of a Chapter 7 bankruptcy in California is the short amount of time a debtor can obtain debt relief through a bankruptcy discharge. How fast is a Chapter 7 bankruptcy in California you may ask? While the amount of time a Chapter 7 bankruptcy can be... How fast is a Chapter 7 bankruptcy in California?

Advantages and Disadvantage of Chapter 13 bankruptcy

When consumers face massive amounts of debt that they can't pay back, U.S. bankruptcy laws can help legally abolish certain debt obligations. This frees people up to pay back the debts that can't be discharged and gives them a new financial start. Individuals and sole... Advantages and Disadvantage of Chapter 13 bankruptcy

When You Have Tried Alternatives to Bankruptcy

If you have fallen behind on your payments and are struggling to pay your bills, you may have tried other alternatives to get back on track. If you tried speaking to bill collectors and making arrangements only to fall back behind again because either they were... When You Have Tried Alternatives to Bankruptcy

Behind in Payments and Bankruptcy

Getting behind in your payments can be a result of several things, job loss, medical bills, unexpected expenses to name a few. If you owe more money then you have assets, you are considered “upside down” in your debt. Even by selling everything you own, you still... Behind in Payments and Bankruptcy

Top 4 California Foreclosure Mistakes to Avoid

Insolvent consumers who are not able to stay current with their mortgage payments may face foreclosure proceedings from their mortgage lender. Due to the number of California foreclosure avoidance measures available to you, avoiding these mistakes will help steer you... Top 4 California Foreclosure Mistakes to Avoid

Working with a Trustee during Chapter 7 Bankruptcy

A bankruptcy trustee is a representative who works for the Department of Justice and represents your estate during the bankruptcy proceeding. In the state of California, a Bankruptcy trustee is assigned to every Chapter 7 bankruptcy case. Working with a trustee during... Working with a Trustee during Chapter 7 Bankruptcy

Modesto Budgetel Inn Files for Bankruptcy

Budgetel Inn in Modesto California filed for Chapter 7 bankruptcy this past week. United Resorts LLC operates the nearly 100 room Budgetel Inn and hopes to liquidate its assets to pay off the motels debts. According to the court documents filed, United Resorts debt... Modesto Budgetel Inn Files for Bankruptcy

Debt Settlement Firms

Due to an increase in consumer debt, the number of debt settlement agencies is on the rise. Debt settlement is a legal way to pay off your creditors at possibly a reduced rate. Many debt settlement firms are legitimate and helpful, but not all are created equal. There... Debt Settlement Firms

Obtaining a Small Business Loan After Bankruptcy

As a Bankruptcy attorney in Sacramento California, questions about obtaining a small business loan after bankruptcy are reasonably common. Specifically, small business owners who have declared personal bankruptcy in California in the past want to know if a small... Obtaining a Small Business Loan After Bankruptcy

Coming to Terms With Bankruptcy

For most people, the thought of filing for bankruptcy weighs heavily when considering debt relief options. With all of the questions and unknown aspects, most people are falsely intimidated by bankruptcy. When you have tried other options such as debt consolidation... Coming to Terms With Bankruptcy