Carrying high balances on credit cards is a common practice in California. The cost of living is so high that, for many people, it offers the only way to make ends meet. Unfortunately, borrowing money via a credit card is expensive. If you only make the minimum...
Should I file Chapter 11?
One of the trickiest parts of filing bankruptcy is often deciding which chapter to file. However, this is often a simple decision due to restrictions on who can file each chapter. Generally speaking, Chapter 11 is very similar to Chapter 13. The American Bankruptcy...
Why you should consider bankruptcy
California families may end up crushed by debt with very few options. One choice that is available to you is bankruptcy. Although you may hesitate due to the stigma, bankruptcy can be a helpful thing for a household that is trying to make a clean financial start....
What is the debt “snowball” method?
There are many methods to manage and repay debt. Two of the most popular methods are the “snowball” and the “avalanche” debt payment method, respectively. Both of these strategies have pros and cons, and the best one for you depends on your temperament and your...
