Bankruptcy Law Blog

Debt collectors. Collection agencies. Debt buyers. These are just different names for large companies that exist solely for the purpose of collecting on consumer debt. Debt buyers are large companies that specifically deal in the buying and selling of billions of dollars of consumer debt. There is a whole market of credit card companies, hospitals,…

Debt collectors are on the loose. California courts are being completely bogged down by debt collection lawsuits. For most of those consumers that are being dragged into court, there is a solution that would stop those lawsuits in their tracks: bankruptcy. Why particular individual consumers aren’t taking advantage of the bankruptcy laws is anyone’s guess.…

Consumers don’t tend to consider the impact of major life changes like marriage, having a child or unemployment on credit reports and financial goals enough. This is even more true for young consumers. According to a recent survey published by TransUnion, Millennials, those Americans in their twenties that are sometimes called “Echo Boomers” or “Generation…

Living under the burden of too much debt is hard enough without the constant phone calls from debt collectors. When a consumer files for bankruptcy protection under the Bankruptcy Code, the “automatic stay” goes into effect and creditors must stop making harassing phone calls. The automatic stay is a court order that stops all collection…

Debt consolidation may sound like a great idea. Especially when the debt load just seems insurmountable because there are too many different accounts to remember to pay the minimum payments every month. The problem is that many debt consolidation programs have serious drawbacks. Bankruptcy is often a much better decision in the long-term. The following…

Hard-working people all over the Sacramento area are living paycheck to paycheck. And it is really hard to make sure that the kids are fed, the gas tank is full, and the rent is paid when that paycheck has to stretch further and further. As hard as that is, it is down right devastating when…

Filing for bankruptcy is a big decision and it can be very complicated. Each state has different rules. Each district within a state has different rules. And even each judge has different preferences and rules. This is why it is so important for consumers in Sacramento to find an attorney that is experienced and knowledgeable…

Many folks in Carmichael and Citrus Heights, CA are scared of bankruptcy because they think that the court is going to take away all of their property and they’re going to end up on the street. Fortunately, the bankruptcy laws aren’t that primitive. The bankruptcy laws recognize the fact that when a person is in…

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…