Articles Posted in Chapter 7

If you find yourself in a situation where wage garnishments are overwhelming your budget, it can feel like you’ve been put in the worst financial nightmare. It can consume your thoughts and limit your lifestyle choices. However, there is a solution that offers immediate relief. A Chapter 7 Bankruptcy can stop a California wage garnishment…

If you’re in a financial hardship and are filing for Chapter 7 bankruptcy in Sacramento, CA, the idea of filing a subsequent Chapter 13 bankruptcy can seem daunting. While the law does not categorically rule out the possibility of filing for Chapter 13 bankruptcy after a recent Chapter 7 case, it does come with its…

The decision to file for bankruptcy is never an easy one. In most cases, this daunting task can be overwhelming, and understandably so. A wave of questions could immediately flood your mind: How does this work? What must I do? Whom should I involve? For Sacramento residents, it might seem very enticing to solicit the…

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…

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…

In the realm of bankruptcy, two prominent options stand out for individuals grappling with debt: Chapter 7 and Chapter 13. Each serves a unique purpose on the path to financial recovery. Our team at Liviakis Law Firm is equipped to guide Fairfield, CA debtors through the complexities of both. Let’s take a closer look at…

Liviakis Law Firm is a professional organization offering assistance in navigating the complex pathways of bankruptcy and debt relief. One area that often confounds individuals dealing with bankruptcy is the Means Test. A significant determining factor in Chapter 7 bankruptcy eligibility in Sacramento, California, the Means Test can often feel like a maze of regulations…

When it comes to filing for bankruptcy, there’s no such thing as being overly prepared. The more accurate and detailed the information you provide, the smoother the process will be. Your Sacramento bankruptcy lawyer will need various documents to build your case efficiently. Here’s a timeline of essential documents your bankruptcy attorney will need. Prior…