It is common for California residents to feel a bit on edge whenever someone brings up bankruptcy. You and many other people have likely heard that bankruptcy causes substantial damage to credit and that it does more harm than good. However, that is not necessarily...
The automatic stay and the benefits of bankruptcy
Do you have a lot of debt? Are you getting calls from debt collectors and creditors at all hours? You know how stressful it can be to feel like you are so far behind that you will never catch up. Overwhelming debt may feel like it's dragging you down, and the pressure...
Has your dead debt come back to haunt you?
You probably never really believed in the zombie apocalypse, but it was fun to watch TV shows depicting what it would be like if the dead walked the earth. Needless to say, it is much less entertaining when old debts come back into your life. When you receive a letter...
Early wage apps becoming more popular than payday loans
Like many in California, you may get paid twice a month or on two-week cycles. When your check arrives, your first concern may be to pay your rent or mortgage and tackle as many of your bills and loans as you can, leaving a few dollars to carry you through. As time...
Tips for creating a budget when facing significant debt
Some people end up with a significant amount of debt due to a job loss, medical emergency or divorce. For others, the debt creeps up on them before they know it. Regardless of which category you fall under, your debt has become overwhelming, and you need to do...
Why are so many older adults filing for bankruptcy?
Like many California residents, you have spent your adulthood working hard and trying to build a decent life for you and your family. However, sometimes there are unforeseen events along the way that might have derailed your plan. Feeling trapped under the weight of...
Do you qualify for Chapter 7 bankruptcy?
When California residents like you fall into debt, you may be wondering if there is any way back out. There are types of bankruptcy that you can file for. However, you will have to fit certain criteria and fulfill requirements in order to be considered eligible. The...