Articles Posted in Bankruptcy

Bankruptcy exemptions are an important factor in both Chapter 7 and Chapter 13 bankruptcies in California. Bankruptcy exemptions include assets or property that you are allowed to keep after a bankruptcy. In Chapter 7 bankruptcies, exemptions are in place to determine property that you get to retain after your bankruptcy has been discharged, and is…

Dealing with debt is overwhelming. The impact on your personal life can be stressful. As a result, people often search for debt relief options to help. Bankruptcy is one debt relief option that can eliminate debt. There are long and short-term benefits to filing bankruptcy. Knowing them ahead of time can help you make the…

Filing for bankruptcy can be a sound financial decision when hardship strikes and debts become unbearable. If you are considering filing for an Elk Grove bankruptcy there are some important timelines in bankruptcy to evaluate prior to your filing. Timelines In Bankruptcy Prior Filing There are no rules as to the timing of your bankruptcy…

Money management can be tricky business, especially when it comes to resolving debt issues. Most people know very little about the bankruptcy process and many are unaware of some common mistakes that could jeopardize their chances at a fresh start following a bankruptcy. If you are considering filing for bankruptcy it is important to work…

When considering bankruptcy, an Elk Grove bankruptcy lawyer is an absolute necessity, while it can be difficult to know exactly which attorney you need to hire, we’ve come up with some important questions that can help you evaluate the counsel you are considering. Typically all bankruptcy lawyers will offer a free consultation in which you…

Today’s economy isn’t what it once was. Gone are the days of a teenager saving enough money to buy a brand new car in one summer, a young college student obtaining a four year degree with zero student loan debt, or a young couple buying their first home under stellar lending terms. While Gen X…

If a creditor obtains a judgment against you in court, they can levy your bank account to recover the debts that you owe to them. This can make an even bad situation worse, and take away money that you need to pay your mortgage, automobile, and utility bills. When an individual defaults on an unsecured…

Rebuilding Credit Post-Bankruptcy Bankruptcy offers a huge relief for those dealing with massive amounts of debt. While bankruptcy has allowed you to wipe the slate clean, a lower credit is the price that is paid. If your credit was not in good shape before your filing for bankruptcy then it is imperative to rebuild it…

How to Recover Your Finances after Filing for Bankruptcy When you file for bankruptcy, it will be listed on your credit score for up to ten years. Your credit score will remain low until you start to rebuild your credit. Rebuilding your credit score after filing takes time and diligence. Taking out credit is the…

Navigating Your Taxes after Filing for Bankruptcy Tax season is upon us and those who have filed for bankruptcy may be wondering if they have to file for taxes. The answer is simply, yes. Filing taxes after filing for bankruptcy does not have to be a big ordeal. Keep in mind that there are aspects…