Bankruptcy Law Blog

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…

Student Loans in Bankruptcy There are several payments that are not dischargeable in bankruptcy such as child support and alimony. Student loans are also among payments that are not typically discharged in a bankruptcy case. That does not mean it is impossible, merely difficult. In order to have your loan discharged you must prove that…

Rebuilding Credit Post-Bankruptcy Bankruptcy offers a huge relief for those dealing with massive amounts of debt. While bankruptcy has allowed you to wipe the slate clean, a lower credit is the price that is paid. If your credit was not in good shape before your filing for bankruptcy then it is imperative to rebuild it…

A bankruptcy trustee is assigned to every chapter 7 and chapter 13 bankruptcy case after it is filed. The United States Trustee at the Justice Department is tasked with appointing and supervising bankruptcy trustees. By and large, trustees are lawyers or professionals with extensive experience in bankruptcy. The duties of a bankruptcy trustee vary depending…

Dealing with Debt Collectors Under the Federal Fair Debt Collection Practices Act (FDCPA), it is illegal for creditors to utilize threatening, offensive, and intimidating behavior against a debtor. If you have been feeling unsettled by the tactics taken by a debt collector, you have a right to make a formal complaint. For the most part,…

Can I Sell My Home While in Chapter 13 Bankruptcy? There are many questions that those in Chapter 13 have and one of those is, “Can I sell my home while in bankruptcy?” The answer is yes. When in Chapter 13, individuals are able to pay back part of their debt and that means you…

How to Recover Your Finances after Filing for Bankruptcy When you file for bankruptcy, it will be listed on your credit score for up to ten years. Your credit score will remain low until you start to rebuild your credit. Rebuilding your credit score after filing takes time and diligence. Taking out credit is the…