If you have decided to file for bankruptcy protection, you will find there are various steps to complete in the process. One of the early steps is attendance at the 341 meeting. Whether you choose Chapter 7 or Chapter 13, this is an important stop on your bankruptcy...
What can disqualify you for Chapter 13 bankruptcy?
Filing for Chapter 13 bankruptcy may be the answer to getting out from underneath burdensome debt. You may stop collection efforts from creditors, have a judge discharge some of your debt while you repay the rest, and come out of the process ready to start a new...
When filing for bankruptcy makes the most sense
Filing for bankruptcy might make the most sense for your situation because it can put an end to collection calls, lawsuits or wage garnishments. In some cases, it can result in an increase to your credit score. Typically, credit card debts, medical bills and personal...
How does Chapter 7 bankruptcy treat credit card debt?
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....
How to create a debt repayment budget
When you have a lot of debt, paying it back can feel overwhelming. The first step to getting debt under control is a realistic budget based on accurate income and expenses. Follow these steps to make a budget and determine your best course of action. List income and...
What are your options for paying off medical debt?
Despite eating well and exercising to avoid health complications, you may find yourself saddled with medical debt because of an injury or a moment of clumsiness. No matter how the injury and resulting hospital visit occurred, you have medical debt that you want to pay...
What is the end result of Chapter 13 bankruptcy?
Individuals in California who experience the pressure of unmanageable debt may turn to bankruptcy to provide themselves with a fresh start. Chapter 13 is one type of bankruptcy available to individuals. This bankruptcy option provides immediate financial relief by...
Ruling includes woman’s student loans in her bankruptcy
Chapter 7 remains the most popular form of personal bankruptcy due to the benefit that it offers of having certain debts discharged. However, federal lawmakers do not want to see debtors abuse this benefit, and thus place strict qualifications in its eligibility....
