Bankruptcy Law Blog

If you have ever experienced problems with debt or are currently seeking debt relief, you may have heard of credit counseling. Credit counseling is a low cost service provided to you by a non-profit or government agency to help understand some of the options for getting out of debt. Credit counseling companies can help you…

Wage garnishment is legal order in which your employer is required to deduct money from your salary and wages to be paid to a creditor. Wage garnishment orders can demand portions of your paycheck for resolving debts like spousal/child support, student loan debts or payments to credit card companies. However, for most debts garnishment can…

The supply of holiday-related items and gifts is expected to be at its lowest in over a decade this season. While supply-chain officials work to alleviate the back log of goods stuck in the shipping ports, many people are bracing for added costs to their typical holiday items. Many consumers are beginning to report record…

Many people are scrambling to buy gifts for loved ones this holiday season as a backlog of shipping containers at the ports threatens delivery before end of December deadlines. Although most people worry they won’t receive their items in time, many others are also concerned about the possibility of high prices for those items. Costs…

For most people, a mortgage is linked to their most expensive asset; and debt. If the debts owed on your home become too high of a financial burden to bear, you have a short window to seek help for your missed payments before losing the home. Foreclosures 101 Foreclosure is a legal process by which…

A debt discharge in bankruptcy will free you from the liability over the debt going forward. There are certain types of debt that are not eligible for a debt discharge in bankruptcy unless the debt is resolved, such as recent federal taxes, some student loans, and secured debts where the collateral is not being surrendered.…

Many people have questions about how the debt discharge works in bankruptcy. A debt discharge is the ruling of the court declaring your debt ineligible for collection and discharged from your liability of payment. In other words, when a debt has been discharged you are no long legally liable for repaying the debt. However, there…

According to Experian, the average credit card debt per borrower is $4,858. That’s not a small amount. The average interest rate on credit cards is around 15 percent, which means that the average credit card debt can cost you almost $1,000 in interest payments alone. If you’re carrying a balance on your credit cards and…

Bankruptcy lawyers represent debtors, helping them file for bankruptcy. Bankruptcy lawyers assist debtors in understanding the filing process and help them understand the debt repayment plan that the court will require debtors to follow. Some debtors hire Roseville bankruptcy lawyers to represent them during the bankruptcy proceedings. The bankruptcy lawyer will represent the debtor before…

A common bankruptcy myth is that filing bankruptcy will ruin your credit for the future. The truth is, most people find their credit improves following a bankruptcy. While a bankruptcy will be recorded on your credit score for up to ten years, it is not the end of the road for obtaining credit. You can…