Bankruptcy Law Blog

California and the Sacramento area are beautiful places and offer many benefits to seniors and retirees. Unfortunately, many older folks in the area are under a terrible burden of debt that makes it difficult for many struggling seniors to take control of their lives. Many factors contribute to this reality. The most common are a…

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…

For many folks in local areas like Citrus Heights and Carmichael, debt problems can be complicated by home mortgages and car loans. The good news is that Chapter 13 bankruptcy exists and can help people overcome these complications. Filing the Chapter 13 petition and plan is the first step in a complicated process that will…

When a consumer in Sacramento makes the decision to explore the option of bankruptcy, there are many considerations to take into account. One of the major ones is finding the right attorney with depth of experience in local bankruptcy courts. But another major consideration is how the consumer’s credit report will be affected before, during…

Many folks in the Sacramento area, from Grass Valley to Citrus Heights, are finding themselves in a downward debt spiral. This can be difficult, if not impossible, to fix without help because debt often leads to more debt which leads to more debt, and so on. That is why so many people are finding the…

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,…

Some high-income individuals prefer to find an alternative to filing bankruptcy as a means of simplifying their debt obligations. Their preference is often rooted in their fear of losing assets or simply wanting to avoid the time commitments of reorganizing in bankruptcy. Debt settlement provides an advantage in those respects compared to bankruptcy. That’s because…

Sacramento homeowners have been noticing that home prices are rising. For some, this means that they are emerging from being “underwater” and slowly gaining equity in their homes. Despite this trend, there are still many folks that owe more than their house is worth. And still many folks who are falling behind on their mortgage…

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…

Student loans are ubiquitous these days. Students all over Sacramento, from Sac State to American River College, often graduate and find themselves unequipped to handle the debt burden imposed by student loans. It is a fairly common understanding that bankruptcy isn’t much help when it comes to student loans. But earlier this month, the United…