Bankruptcy Law Blog

Understanding the intricacies of bankruptcy law can be a daunting task. One common question that emerges when discussing Chapter 13 bankruptcy, in particular, is the importance of staying up-to-date on post-petition income taxes. At Liviakis Law Firm, we believe it’s crucial to shed light on this matter and give our clients the most accurate and…

As a nurse in Sacramento, California, you may find yourself grappling with financial hurdles that seem insurmountable. The cost of living, combined with student loan debt and other expenses, can be overwhelming. In such situations, filing for bankruptcy may seem like a viable option. But can nurses in Sacramento file for bankruptcy? The answer is…

The homestead exemption in bankruptcy is a legal provision designed to protect the value of a home from creditors during the bankruptcy process. It is one of many exemptions available under the United States Bankruptcy Code, specifically aimed at safeguarding debtors’ residences. This article aims to provide a basic understanding of the homestead exemption. What…

Bankruptcy, particularly Chapter 7, often carries an unfortunate stigma that it symbolizes financial failure or irresponsibility. However, this perception is far from the truth. In reality, filing for Chapter 7 bankruptcy is a legal tool designed to help individuals and businesses regain control of their financial situation. But is it morally correct to file for…

Bankruptcy proceedings can be complex, especially when it comes to Chapter 7 bankruptcy. One of the most significant concerns that many people face when filing for Chapter 7 bankruptcy in California is the potential loss of their automobile due to the state’s relatively small exemption amount for cars. Chapter 7 bankruptcy, often referred to as…

Chapter 7 bankruptcy is often seen as a desirable option for those struggling with debt because it can completely eliminate most unsecured debts. However, qualifying for Chapter 7 bankruptcy is not as straightforward as it may seem. The rigorous qualification process is designed to ensure that this type of bankruptcy is reserved for those who…

Bankruptcy, particularly Chapter 7 bankruptcy, can be a daunting prospect for many people. The fear of financial ruin and the potential impact on one’s credit score often deter individuals from considering this as a viable solution for their financial troubles. However, the question remains: Does Chapter 7 Bankruptcy destroy your credit? And is it possible…

When you file for Chapter 13 bankruptcy, you’re entering a legal process designed to help you manage your debts. The process involves a court-appointed trustee who oversees the case. What happens, though, when the trustee files a motion to dismiss your Chapter 13 case? Understanding the implications of this can be vital to your financial…

When facing financial hardship, individuals often turn to Chapter 13 bankruptcy to manage their debt. However, not all Chapter 13 cases are successful. In Sacramento, CA, several factors contribute to the failure of these cases. Understanding these reasons and learning how to improve your odds of successful completion is vital. In this article, we at…

The importance of budgeting for car maintenance expenses as a Chapter 13 debtor cannot be overstated. The financial limitations imposed by a pending Chapter 13 case often make it challenging to finance a new vehicle. Hence, it is critical to maintain your existing vehicle in good running condition. In this article, we’ll explore the reasons…