Any setback can create chaos with your budget. The loss of a job, a divorce, a medical crisis or a home repair emergency are just a few common examples of events that can wipe out your savings and leave your credit overextended. For some, rebounding is just a matter...
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Year: 2018
How an automatic stay can help
It's difficult to know how to handle outstanding debt. If your creditors are pressing you or threatening to take legal action against you, you may soon face wage garnishment or a lawsuit. Most people who find themselves here must seriously consider filing for...
Addressing creditor claims in your Chapter 13 repayment plan
If you have chosen to move forward with Chapter 13 bankruptcy and qualify for the process, you are helping yourself get your financial difficulties under control. Of course, the proceedings will take a considerable amount of work, and you will need to make sure that...
What really happens to a credit score after bankruptcy?
Bankruptcy is not something to rush into, especially if there are other options available to you. However, if you have exhausted your alternatives and your creditors refuse to negotiate, you may feel you have no choice but to file for bankruptcy to find relief from...
Options when facing a lawsuit for credit card debt
If you have reached a point where you are not able to pay your monthly credit card bill, you may have done what many California consumers do: ignore it. You may have stopped opening the envelopes that come in the mail to warn you of the consequences for delinquency or...
You don’t have to take a collection agent’s abuse
More than likely, you are already aware that you owe a particular creditor money. You certainly don't need someone calling you about it multiple times a day or a week to remind you and demand payment. If you had the money, you would have already paid the bill if even...
Millennials struggle with medical debt
Are you ignoring that strange pain? Have you opted to suffer with your symptoms rather than refill a prescription? Are you postponing a medical screening or checkup? If any of these risky decisions is the result of your financial struggles, you are not alone. If you...
Do I need to file bankruptcy? Can’t I just consolidate my debts?
When you find yourself in a financial pickle, you tend to look at all the debt relief options that are floating around out there. With a quick Google search, you'll find a number of companies in California that offer debt consolidation or debt settlement services. You...
I filed for bankruptcy once, can I do it again?
You, like many other California residents, found yourself in significant debt thanks to job loss, medical bills or a number of other reasons. You filed for bankruptcy, hoping it would be the answer to your fiscal problems. You received approval, but you are still...
Should you wait until after the divorce to file bankruptcy?
Financial troubles and divorce go hand-in-hand for many California couples. In fact, disagreements about money still rank high on the list of why people decide to end their marriages. Often, the divorce only rectifies some of those issues and may even create others....