Latest Legal Insights for Bay Area Residents

One of the factors to consider when learning about which bankruptcy process may be right for you and your family is the type of assets you possess and whether they are considered exempt or nonexempt under the law. Your California bankruptcy attorney can examine your assets and help you determine how to proceed.   Chapter…

When Credit Card Debts Aren’t Dischargeable In addition to medical bills, one of the leading causes of bankruptcy in the United States is too much consumer debt, largely from credit cards. Chapter 7 bankruptcy in particular can be extremely appealing to those with lots of credit card debt as it promises to completely discharge all…

Most people know that alimony and child support obligations can never be discharged in bankruptcy. The media and politicians are very fond of reminding people that student loans can’t be discharged in bankruptcy (though there are some exceptions to this rule). While those two exceptions to bankruptcy law are well-known, there are also several other…

With the economy still struggling, many people are now finding themselves deeply in debt as they get older and inch closer to retirement. Many older people are often concerned about how filing for bankruptcy later in life could affect them. While filing for bankruptcy at an older age may affect your ability to borrow money…

One reason that many people are hesitant to consider bankruptcy, and particularly Chapter 7 bankruptcy, is that they fear it will mean losing all of their assets. While Chapter 7 bankruptcy does involve submitting all of your assets, including vehicles, to a bankruptcy trustee so that he or she can determine what assets should be…

It’s well-known that federal student loans are very difficult, if not almost impossible to discharge in either Chapter 7 or Chapter 13 bankruptcy. There is another type of education loan that is lesser known to most people that is often thought of as nondischargable in bankruptcy, but a recent decision from New York indicates this…

One of the most important forms in an individual bankruptcy filing (as opposed to a business filing) is the Schedule of Assets and Liabilities (Official Form 106) which actually includes 10 other forms, a few of which are discussed below. How to fill out these forms is something you want to understand deeply before beginning.…

    You’ve heard it before. A bankruptcy case can help you end creditor harassment, stop foreclosures and prevent repossessions. How can a bankruptcy case have that much power? A set of federal laws called the bankruptcy code governs how we conduct bankruptcy cases in the United States. It  controls where the cases are filed,…

  For many, the stress of managing high credit balances and collection demands before a bankruptcy case is enough to cause them to swear off credit after the bankruptcy case is over. Other clients want to know how soon after the bankruptcy case they will qualify for credit. Creditors can grant new credit to a…

At times, life can be very unpredictable. No one sees a major medical emergency or illness coming. An extended stay in a hospital or rehabilitation center can alter your life and your family’s lives forever – not to mention are extremely expensive. Even for those of us with medical insurance, high-deductible insurance plans require that…