Expert Bankruptcy & Debt Relief Insights
Get the knowledge you need to make informed decisions about your financial future. Our expert legal insights
can help you navigate complex debt relief options.
-
Removing a Judgment Lien from a California Home
You completed bankruptcy and received a discharge of the underlying debt. But there is still a lien sitting on your home’s title, and nobody warned you about it. This happens more often than people think. A discharged debt and a cleared title are two different things. One does not automatically bring the other. Below, we…
-
Are Your Retirement Savings Bankruptcy-Proof?
You do not have to be destitute to file for bankruptcy protection. In fact, one could even argue convincingly that bankruptcy cases work better when you have substantial assets. This is why you see wealthy business owners run up lots of debts with their failed marriages and failed business ventures, discharge those debts in bankruptcy court,…
-
What Happens to Your Checking Account When You File for Bankruptcy?
All this aspirational claptrap about how much money you need to be middle class is downright depressing when, with every passing pay period, you fall farther and farther behind on your debts. Even if you discharge your debts in bankruptcy, you will probably never be middle class, but gratitude doesn’t cost a penny, so take comfort…
-
Six Assets You Could Lose if You File for Chapter 7 Bankruptcy
If you struggle with debt, filing for Chapter 7 bankruptcy may be an option. However, making the decision to declare bankruptcy can be challenging, considering that there are certain assets you could lose after filing. To help you make an informed decision, you need to understand which assets are protected and which assets you could…
-
Which Assets Can I Keep if I File for Bankruptcy Under Chapter 7?
Nobody is ever truly prepared for financial difficulties. Often, filing for bankruptcy might be the right solution for you to get a fresh start. However, many people might think that filing for bankruptcy means losing everything they own. That is not true. Bankruptcy law provides debtors with legal exemptions that protect certain assets from being…
-
Can I Keep My Car When I File for Bankruptcy in California?
Filing for bankruptcy is a difficult decision to make, and it can feel like there are more questions than answers. One of the biggest concerns many people have when filing for bankruptcy is losing their car. So, can individuals who file for bankruptcy in California keep their car? According to Debt.org, California has the highest number…
-
What Changes to California’s Homestead Exemption Mean for Your Bankruptcy
What Changes to California’s Homestead In a recent poll conducted by TheTrackr.com, 29% of Americans reported that their home was their most valuable asset. Homeownership plays a critical role during the bankruptcy process. The role that homeownership plays in the bankruptcy, however, is about to change substantially due to legislation that has been passed by…
-
What Assets are Exempt in California Chapter 7 Bankruptcies?
Individuals in California who file for bankruptcy are often given a second chance at building a strong credit record. This does not come without a compromise, though. When Chapter 7 bankruptcy is involved, a person must often hand over a substantial amount of their estate in the process. A bankruptcy trustee then manages the estate…
-
Items of Personalty
People fall deep into debt for many reasons. It could be due to a loss of income, miscalculating future income, improper spending habits, or major life event. To provide a fresh start, the founding fathers created the bankruptcy clause in the Constitution. The bankruptcy concept was further developed over the years to include various chapters…
