Bankruptcy Law Blog

Overspending, loss of a job, medical bills, and lack of savings are among the top reasons for debt in America. Additionally, high household debt levels are still normal and haven’t changed much since the financial meltdown of 2008. While some forms of debt are avoidable and some aren’t, debt is most likely something that the…

For those drowning in debt and unable to pay bills for basic necessities, a short term loan such as a payday loan, cash advance loan, or title loan may seem like an intriguing option. However, these types of loans are typically only designed to hold you over until the next pay check and often times…

One of bankruptcy law’s most useful tools is the automatic stay. With an automatic stay the bankruptcy court prohibits creditors from continuing any activities related to collections, which can give some much needed time to get your finances in order. If a creditor does wish to continue collecting a debt during the automatic stay period,…

There are many considerations revolving around student loans whether you are repaying them, shopping for student loans for you or a child, or are currently in default. Student loan debt is among one of the types of debt that is not typically dischargeable in a Chapter 13 bankruptcy. However, while you can’t eliminate the debt,…

In a Chapter 13 bankruptcy case, you formulate a repayment plan for your debts using your income in order to pay some or all that you owe to creditors over a three to five year period. The length of the plan, of course, depends on how large your income compared to your debts. This repayment…

If you are in a situation where you are faced with dealing with bill collectors, it may seem like a stressful situation. One thing the bill collector can do to make a bad situation worse is to use abusive or even illegal tactics. You should know, if you must deal with bill collectors, that there…

With shopping, music, dating, and many more facets of life going digital, it shouldn’t be much of a surprise that debt collectors are getting in on the digital act as well. Digital debt collection is the process of managing debt negotiations via a web portal on the internet versus over the phone which has been…

On June 27th, California Governor Jerry Brown signed legislation that will take away most of the authority of the state tax collection agency, also known as the California Board of Equalization. The move comes after a series of investigations by the California Department of Justice claiming mismanagement of funds, misplacing huge amounts of sales taxes…

Bankruptcy exemptions are an important factor in both Chapter 7 and Chapter 13 bankruptcies in California. Bankruptcy exemptions include assets or property that you are allowed to keep after a bankruptcy. In Chapter 7 bankruptcies, exemptions are in place to determine property that you get to retain after your bankruptcy has been discharged, and is…

Chapter 13 bankruptcy, sometimes referred to as repayment bankruptcy, is a form of debt relief that allows a debtor to restructure their debt and pay back their creditors over the course of three to five years. The Chapter 13 repayment plan is based off of your disposable income and takes into account all your debts,…