When You Should Think Twice About Filing for Bankruptcy

Admin on April 30, 2019 Posted in Blog, General Bankruptcy, Student Loans

Many people who have encountered financial difficulties believe that bankruptcy is the best possible option. While it is true that bankruptcy is often a good choice, there are a number of reasons why people should think twice before filing for bankruptcy in certain situations. The following will discuss some of the reasons why you might […]

Senior Bankruptcy

Admin on October 12, 2018 Posted in Blog, General Bankruptcy

A recent report finds that the number of seniors aged 61 to 74 filing for bankruptcy has tripled over the last several years. The report states that this is a dangerous trend and that the rising costs of healthcare play a significant role in the bankruptcy uptick. These statistics may also be suggesting a greater […]

The Intersection of Family and Bankruptcy Law

Admin on May 6, 2017 Posted in Bankruptcy Law, Blog

The devastating effects of divorce often intersect with bankruptcy law. Couples who reside together share certain costs, like housing, food, bills, and more. When people split and go their separate ways, such expenses are not shared, leading to an increase cost of living expenses. This increase intensifies financial stress, wherein the parties have increased living […]

Eliminating Medical Bills with Bankruptcy

Admin on April 30, 2016 Posted in Bankruptcy Law, Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy

One of the reasons for passing the Affordable Care Act of 2010 was to reduce health care costs and make insurance more affordable for everyone. To some extent, the ACA has been a success. Health insurance is more accessible now than at any time it has ever been in the past. Millions of people now […]

Bankruptcy and Retirement Accounts in California

Admin on April 26, 2016 Posted in Blog, General Bankruptcy

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 […]

Hardship Discharges in Chapter 13 Bankruptcy

Admin on March 15, 2016 Posted in Blog, Chapter 13 Bankruptcy

While Chapter 7 bankruptcy allows for many debts to be discharged soon after the initial filing, Chapter 13 bankruptcy requires debtors to submit a repayment plan that will allow them to make monthly payments on their debts for either three or five years before receiving a discharge. However, in some cases a bankruptcy judge will […]

Common Questions: Attempting to Discharge Student Loans Bankruptcy

Admin on March 10, 2016 Posted in Blog, Student Loans

You’ve probably heard that it is impossible to discharge student loan debt in bankruptcy. That’s not exactly true, but it is very difficult to convince a court to let you off the hook for your student loans in either Chapter 7 or Chapter 13 bankruptcy. But with more than $1 trillion in outstanding student loan […]

When Should You File For Bankruptcy?

Admin on March 6, 2016 Posted in Blog, General Bankruptcy, Rebuilding Credit

There is no set formula for determining when an individual should file for bankruptcy. The decision to file for bankruptcy largely depends on the types of debts and assets an individual has. For example, bankruptcy is typically right for someone with a large amount of credit card debt who rents. But bankruptcy may not be […]

Can I Pay My Bankruptcy Fees With a Credit Card?

Admin on January 27, 2016 Posted in Bankruptcy Law, Blog

Most people are not surprised that it actually takes some money to file a bankruptcy case. There are fees for obtaining the required credit counseling certificate, a court filing fee and the fee you pay your attorney to help you file the case. Those fees can vary depending on where you live and the complexity […]

Obtaining Credit After a Bankruptcy Case

Admin on January 10, 2016 Posted in Bankruptcy Law, Blog, Rebuilding Credit

  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 […]