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New Credit Score Overhaul may Boost Your Credit

Everyone wants a high credit score. Your credit, after all, is the financial key needed to access credit. Over the course of this year, you may have noticed that your own credit score has improved thanks to initiatives by the Consumer Financial Protection Bureau... New Credit Score Overhaul may Boost Your Credit

What is the Debtor Education Course?

Whether you are seeking debt discharge through Chapter 7 or Chapter 13 bankruptcy in California, you must complete the debtor education course as a requirement of the US Bankruptcy Code. The debtor education course is intended to teach you fundamental personal finance... What is the Debtor Education Course?

Sears Closes Stores In Sacramento

Sears Holding Corp, which owns Sears and Kmart, filed for chapter 11 bankruptcy protection last month.  Not showing a profit since 2010, Sears has been unable to compete with giants like Walmart and Amazon. The iconic retailer is attempting to restructure over $5... Sears Closes Stores In Sacramento

Can Tax Debt be Discharged?

A common question often asked by debtors is whether or not tax debts can be discharged in bankruptcy. Tax debts may qualify for discharge if (a) the due date for the return was three years or more before you filed bankruptcy, (b) the taxes were assessed at least 240... Can Tax Debt be Discharged?

Keeping Non-Exempt Assets in Chapter 7

When you file Chapter 7 bankruptcy, certain types of unsecured debt, such as credit card debt and medical debt are discharged (wiped out). You are also granted bankruptcy exemptions, which protect certain assets from entering into the "bankruptcy estate". Items in... Keeping Non-Exempt Assets in Chapter 7

Using Chapter 13 Bankruptcy to Lower Your Car Payment

Chapter 13 bankruptcy is a form of legal debt relief that can stop automobile repossession and offer you time to reorganize your debt in an effort to pay back your creditors. What many individuals don't realize when they contact a Elk Grove Bankruptcy Lawyer, is that... Using Chapter 13 Bankruptcy to Lower Your Car Payment

Should I Sell My House During Chapter 13 Bankruptcy?

Citrus Heights bankruptcy attorneys are often asked if a homeowner going through reorganizational bankruptcy can sell their property during a Chapter 13 bankruptcy. While there is nothing in the US Bankruptcy law preventing you from selling the property during Chapter... Should I Sell My House During Chapter 13 Bankruptcy?

Santa Clara County May Buy Bankrupt Hospitals

Verity Health Systems filed for California Bankruptcy protection in August of 2018. The nonprofit health care system operated four San Francisco Bare Area hospitals with over $500 million in long-term debt and all healthcare facilities needing major updates. Even... Santa Clara County May Buy Bankrupt Hospitals

Advantages of California Bankruptcy 704 Exemptions

California Bankruptcy exemptions are designed to protect your property from being sold by the bankruptcy trustee when filing for bankruptcy protection. Since California doesn't allow debtors to utilize Federal bankruptcy exemptions, those filing for debt relief under... Advantages of California Bankruptcy 704 Exemptions