When you file for bankruptcy, you must decide under which chapter to file. Chapter 13 is one option that allows you to try to repay your debt instead of discharging it completely. According to the U.S. Department of Justice, Chapter 13 provides you with some perks,...
How will Chapter 11 change my business?
Deciding to file for Chapter 11 bankruptcy is a difficult but necessary step for many businesses facing financial insolvency. While Chapter 11 may give your business a chance to survive, you may wonder how much your business will change because of the bankruptcy. ...
The differences between debt consolidation and refinancing
If you are a California resident who is struggling to pay your credit card balances, it may be a good idea to consider a balance transfer. If you also have student loan, auto or other types of debt, a consolidation loan might be a good way to reduce your monthly...
How bankruptcy’s automatic stay offers relief from creditors
When you become unable to stay on top of your finances due to sudden medical debt or other circumstances, you may feel as if you are living in a constant state of anxiety. Having creditors contact you at your California home or at work may compound these feelings....
Are creditors harassing you?
The purpose of the Fair Debt Collection Practices Act is to prevent creditors from harassing debtors and regulates how these collection agencies may get in contact with you. Understandably, creditors will attempt to contact you when you are behind on your bills....
Is your mortgage ruining you financially?
Buying a home is a lengthy and extensive process. This is partly because the banks invest so much time and effort into ensuring that you can afford a mortgage before giving it to you. Despite all the safeguards around issuing mortgages, however, you may still end up...
Can you include your mortgage when you file for bankruptcy?
If you've been struggling for years to pay off your debts in California, filing for bankruptcy might be your only option. It's a drastic solution, but it allows you to either pay off your debts or to get some of your biggest debts discharged. Your credit score will...
Chapter 7 or Chapter 13: Which fits you better?
As you begin thinking about bankruptcy as the way to get out of debt and give you a new financial start, you likely have many questions with regard to the various bankruptcy options you have and how each of them works. FindLaw reports that 71% of consumers choose to...
The Chapter 7 means test explained
The decision to file for bankruptcy is no doubt one that you agonize over. Yet after making it, another large decision remains: which chapter should you file under? Many people come to us here at the Law Offices of Brian A. Barboza wanting to file under Chapter 7. If...
The 341 meeting, a big step to begin your bankruptcy journey
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...
