Medical Bankruptcy

Admin on July 5, 2017 Posted in Bankruptcy Law, Blog

Consumers face debt for numerous reasons. Debt can be due to loss of income, decrease in income, disaster, unchecked spending, and more. A significant source of debt is due to medical bills, often caused by weak or no insurance coverage. Some individuals with serious and exploratory conditions may seek alternative treatment that is not covered […]

The Importance of Homestead Declarations in Chapter 13 Bankruptcy

Admin on May 18, 2016 Posted in Bankruptcy Law, Blog, Chapter 13 Bankruptcy

Homestead declarations are a unique feature of California law that protect a certain amount of equity in your home from creditors. While not required before filing for bankruptcy (or for any legal reason), filing a homestead declaration with your local county recorder’s office is always recommended, and can be especially useful if you’re planning on […]

The Means Test and the Right Time to File for Chapter 7 Bankruptcy

Admin on May 5, 2016 Posted in Bankruptcy Law, Blog

Chapter 7 bankruptcy is the preferred type of bankruptcy for many California residents because it ultimately results in most types of debt being completely forgiven. But what keeps many debtors from filing for Chapter 7 bankruptcy is the means test. Under the means test, you must show the court that you qualify for Chapter 7 bankruptcy […]

The First Steps to Rebuilding After Filing for Bankruptcy

Admin on March 25, 2016 Posted in General Bankruptcy, Rebuilding Credit

Bankruptcy can be a liberating process. There’s a great sense of relief that comes over many debtors when they realize they’ll no longer be drowning in hundreds of dollars in payments each month or hounded by creditors, in constant fear of collection lawsuits or repossession. But along with that relief can also come feelings of […]

Should You File A Joint Petition for Bankruptcy?

Admin on February 24, 2016 Posted in Blog, General Bankruptcy

While bankruptcy is typically thought of as something for individuals or businesses, in some cases bankruptcy is right for married couples. To qualify for a joint bankruptcy petition, a couple must be legally married. Cohabitation alone is not enough to qualify. A married couple may seek joint bankruptcy under either Chapter 7 or Chapter 13. […]

The Basics: Tax Debt and Chapter 13 Bankruptcy

Admin on February 7, 2016 Posted in Blog, Chapter 13 Bankruptcy, General Bankruptcy

The old saying is that the only two things that are certain in life are death and taxes. But in bankruptcy court, taxes aren’t quite a certainty. Certain tax debts can discharged or reduced under Chapter 13 Bankruptcy, and even those tax debts that can’t be discharged can be rolled into a payment plan that […]

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 […]