Articles Posted in Bankruptcy

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…

Sacramento is proudly home to many military families. From Travis Air Force Base and McClellan Air Force Base alone, there are many active duty personnel living in the area. For these hard-working folks who sacrifice so much, dealing with debt problems can be very difficult. Fortunately, military personnel have the same right to file bankruptcy…

Debt collectors are on the loose. California courts are being completely bogged down by debt collection lawsuits. For most of those consumers that are being dragged into court, there is a solution that would stop those lawsuits in their tracks: bankruptcy. Why particular individual consumers aren’t taking advantage of the bankruptcy laws is anyone’s guess.…

Consumers don’t tend to consider the impact of major life changes like marriage, having a child or unemployment on credit reports and financial goals enough. This is even more true for young consumers. According to a recent survey published by TransUnion, Millennials, those Americans in their twenties that are sometimes called “Echo Boomers” or “Generation…

Hard-working people all over the Sacramento area are living paycheck to paycheck. And it is really hard to make sure that the kids are fed, the gas tank is full, and the rent is paid when that paycheck has to stretch further and further. As hard as that is, it is down right devastating when…

There are many folks in the greater Sacramento area that haven fallen on hard times. Anyone who can empathize probably knows that it’s not always a one-time thing. That’s why, even though bankruptcy is supposed to be a fresh start, it doesn’t necessarily fix everything for the rest of time. Because of this reality, many…

Many people know the basic differences between Chapter 7 and Chapter 13 bankruptcy. Sometimes the choice is clear because the consumer isn’t eligible for Chapter 7 or they need Chapter 13 to pay for back mortgage payments. However, there are times when a consumer will start with a Chapter 13 but later needs to switch,…