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Students from Bankrupt Corinthian College Receive $67M

It's been a long road for Corinthian Colleges, Inc. students who were blindsided by campus closings and subsequent Chapter 11 bankruptcy in 2015. Since then, students who took out loans to attend the for-profit, post-secondary education institution have been fighting... Students from Bankrupt Corinthian College Receive $67M

What Can Bankruptcy Do for Me?

For individuals unfamiliar with bankruptcy, there are numerous myths surrounding the popular form of debt relief. It's important to know exactly what bankruptcy can and can't do before embarking on filing for Chapter 7 or Chapter 13 bankruptcy. Because of the... What Can Bankruptcy Do for Me?

The 180 Day Rule in Bankruptcy

Filing a California bankruptcy requires debtors to disclose all assets. Once you have listed all assets you can then apply exemptions to certain types and values of the property. These bankruptcy exemptions protect that specific real and personal property from being... The 180 Day Rule in Bankruptcy

Fairfield Bankruptcy Watch: Mission Solano

Mission Solano, a California homeless shelter announced this week that its board of directors is pursuing Chapter 7 bankruptcy  this week and will eliminate its nonprofit status. Business bankruptcy in Fairfield, CA offers the benefit of reducing debt for a struggling... Fairfield Bankruptcy Watch: Mission Solano

Bankruptcy After Divorce: California

Bankruptcy and divorce may seem like odd bedfellows, however traversing a divorce is often financially straining. Divorce is actually one of the primary reasons for individuals filing bankruptcy in California. When dividing property, children, homes, and businesses... Bankruptcy After Divorce: California

What Happens in Bankruptcy Court?

Attending court, for many individuals, is a highly stressful event. The primary reason for the anxiety associated with appearing in bankruptcy court, or any other court hearing, derives from the uncertainty of the outcome. Hopefully, additional information about what... What Happens in Bankruptcy Court?

Requesting a Chapter 13 Bankruptcy Repayment Modification

Declaring Chapter 13 bankruptcy is the process by which an individual compiles all debt owed, along with income and assets, in order to establish a repayment plan to pay back what he can afford over a period of 3-5 years. During this period you make payments to the... Requesting a Chapter 13 Bankruptcy Repayment Modification

Calculating your Monthly Income for Bankruptcy

In order to have your debts wiped out in Chapter 7 or Chapter 13 bankruptcy case, you must disclose all your monthly income. This is performed using the "means test" which can qualify you for a discharge in Chapter 7 bankruptcy or a discharge in Chapter 13 bankruptcy.... Calculating your Monthly Income for Bankruptcy

Debts That Are Not Discharged in Bankruptcy

Bankruptcy is a highly efficient form of debt relief that can legally eliminate many of your debts. There are exceptions to this, however, as some types of debts that are not eliminated or "discharged" in bankruptcy. These debts include family obligations, student... Debts That Are Not Discharged in Bankruptcy

Bankruptcy Closes Toys R Us Stores

A beloved childhood icon that brought warm memories during our childhoods will be no more by the end of 2018. Toys R Us filed bankruptcy in September of 2017 citing huge losses that caused an inability to answer debt payments by the toy seller. In both a sad and... Bankruptcy Closes Toys R Us Stores