When struggling with debt, the last thing you want to do is deal with an unpleasant debt collector. While many debt collectors respect the personal bounds of the people they deal with, some will cross lines and cause problems on purpose. How can you tell when you are...
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...
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...
What happens if I am summoned to court for my debt?
If you neglect delinquent debt for too long in New York, creditors may take you to court. Often, the plaintiff bringing the lawsuit against you is not your original creditor but a collections company who purchased your debt. They can still take you to court if the...
What bankruptcy exemptions does California allow?
Many people assume that they will lose all their property when filing bankruptcy. Yet, this worst-case scenario rarely occurs. If you’re filing Chapter 13 bankruptcy, you will likely keep most of your assets, so long as you can cover your debt on a repayment plan....
What are your obligations as a debtor?
As a California resident, what do you do when your debts get out of hand? How do you deal with them? Do you consider applying for bankruptcy? If so, what type of bankruptcy works best for your situation? If you decide to go with Chapter 13 bankruptcy, understand that...
Do you automatically lose your home if you file for bankruptcy?
Are you considering filing for bankruptcy, but have concerns about losing your home? You are not alone. Many people in your shoes have similar concerns, but you should know that filing for bankruptcy does not automatically result in the loss of your home. Instead,...
House poor: what it means and what to do about it
Purchasing a house represents a significant investment. For some people, the investment pays off. However, for others, owning a home becomes more of a burden than a blessing. These people are "house poor." The National Association of Realtors defines "house poor" as...
What can I do to get my debt under control?
If you recognize that your debt is out of control, then you have already taken the first step to getting it under control. It is important to accept that something is wrong and that you cannot go forward in the same way and keep your finances from crashing. Forbes...
