Articles Posted in 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,…

People love their credit cards. Lots of folks rely on credit cards for every day expenses. Others simply use them for the airline miles or Disney Dollars. Although many people learned many financial lessons during the last recession, new statistics released by financial site CardHub show that Americans incurred over $57 billion in new credit…

Folks all over the Sacramento region, from Woodland to El Dorado Hills, have fallen into unfortunate situations with debt. Bankruptcy is often the answer to fixing those problems and getting a financial fresh start. But the things that happen during the bankruptcy and afterwards are just a small part of the story of a successful…

There are many misconceptions about bankruptcy. One of the most common is that filing for bankruptcy is a permanent and devastating hit to a consumer’s credit. That is simply not true. At first, it can be a little difficult to get credit. A recently discharged consumer will likely have to pay higher interest rates and…

The vast majority of bankruptcy filings in Sacramento and Northern California go through the system smoothly. However, there are many situations that can arise in a bankruptcy case that involve conflict between a creditor, the debtor, and/or the trustee. Many times, these conflicts must be resolved in bankruptcy court in front of a judge. Complex…

It makes sense that if someone needs to file bankruptcy, they probably don’t have a lot of money. So it can be tempting to seek bankruptcy help from a petition preparer or a cheap attorney from out of town. But it makes much more sense to hire someone who is actually an attorney and is…