Bankruptcy Law Blog

This seems like an odd question for individuals who are thinking about bankruptcy, but it’s more common that you think. The truth is, people that file bankruptcy are not typically financially reckless, but regular people, just like you, who have fallen on hard times. A job loss, expensive medical injury or illness, divorce, or sometimes…

When considering bankruptcy, an Elk Grove bankruptcy lawyer is an absolute necessity, while it can be difficult to know exactly which attorney you need to hire, we’ve come up with some important questions that can help you evaluate the counsel you are considering. Typically all bankruptcy lawyers will offer a free consultation in which you…

If you have heard the terms “debtor’s education course” or “credit counseling” you may already know that this is a requirement of filing for bankruptcy. What you may not know is that you don’t have to be considering an Elk Grove bankruptcy in order to benefit from such a course. In fact, many people seeking…

Today’s economy isn’t what it once was. Gone are the days of a teenager saving enough money to buy a brand new car in one summer, a young college student obtaining a four year degree with zero student loan debt, or a young couple buying their first home under stellar lending terms. While Gen X…

When filing bankruptcy, the main objective is to obtain relief from debt, get back on a firm financial foundation, and repair broken credit. By simply completing a bankruptcy plan successfully, you will often times see an increase in your credit. There are some very methodical things you can do to continue the credit rebuilding process…

If a creditor obtains a judgment against you in court, they can levy your bank account to recover the debts that you owe to them. This can make an even bad situation worse, and take away money that you need to pay your mortgage, automobile, and utility bills. When an individual defaults on an unsecured…

When you’re behind on your utility bills, it can be a severely stressful situation. Odds are, that if your utilities are being shut off, this is just the tip of the financial issue iceberg for you. On a positive note, by filing bankruptcy, you can be protected from utility shut-off, including your gas, water, electricity,…

When asking a Sacramento bankruptcy lawyer or professional credit counselors if payday loans are a good idea the majority of them will tell you no…payday loans are a bad idea. The principle isn’t such a bad thing, just the practice: you usually get stuck in a repetitive cycle of extremely high interest rates and fees…

A loan or mortgage modification in Sacramento is a way to adjust the terms of one’s current loan, by either reducing the interest rate or extending the pay period or sometimes both. The overall goal is to lower monthly payments on your loan to prevent default and in the case of your mortgage, to keep…

The Fair Debt Collection Practices Act or FDCPA is a set of laws that gives legal protection for debtors against abusive debt collection tactics by creditors. In essence, this amendment was enacted to ensure fair debt collection. But how does this benefit the average person who has debts? There are a number of rules that…