Bankruptcy Law Blog

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…

Filing for bankruptcy can feel like a daunting process, especially when you’re worried about the wellbeing of your loved ones abroad. A common concern among many individuals in the U.S who file bankruptcy is whether they can continue to support family members in the Philippines. The laws surrounding bankruptcy are often complex, hence it is…

As an established law firm, Liviakis Law Firm often receives questions from Sacramento, CA residents regarding bankruptcy. One such question that we frequently encounter, particularly as we approach the end of the year, is whether an individual who has filed for bankruptcy is allowed to celebrate Christmas. In this article, we aim to clarify this…

Are you considering filing for a Chapter 13 bankruptcy in California’s Eastern District and curious about how it will affect your moving plans? Wherever life’s circumstances may take you, the thought of staying put due to a bankruptcy filing can be daunting. Fear not, at Liviakis Law Firm, we believe in equipping our clients with…

If you’re considering filing for bankruptcy, you likely have a lot of questions. A common question is whether having a high income can be seen as bad faith when filing chapter 7 bankruptcy. The Liviakis Law Firm aims to clarify this point in the following post. The concept of bad faith generally means an intent…

In the context of bankruptcy law, the Means Test is a crucial determinant of eligibility for Chapter 7 bankruptcy. Introduced by the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005, this formulaic assessment exists to restrict high-income debtors from filing under Chapter 7 [11 U.S.C. § 707(b)(2)]. However, a frequently posed question remains:…

If you’ve been struggling with financial problems and are considering filing for bankruptcy in California, one question might be on your mind: “Is my income too high to file bankruptcy?” This is a valid question as income is a significant factor in determining bankruptcy eligibility. Let’s walk through some of the details with insights from…

Protecting Homes, Families, and Futures Through Smart Debt Relief For many Elk Grove homeowners, debt can become overwhelming faster than expected. Rising mortgage payments, credit card debt, medical bills, and unexpected financial setbacks can put even the most financially responsible families in jeopardy. Fortunately, an experienced Elk Grove bankruptcy lawyer can help you find real, lasting solutions. At Liviakis…

When the federal government shuts down, millions of Americans feel the effects — from delayed paychecks to frozen programs and general uncertainty. If you’re already struggling with debt, the last thing you need is confusion about whether the courts are still open or whether you can seek financial relief.The good news: you can still file for…