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...
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Santa Rosa Bankruptcy Blog
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....
Preventing credit card debt from ruining financial stability
While credit cards are a convenient source of payment for many consumers in California, they can also create significant financial problems if people are not careful. Because it is so easy to run a card, many people unintentionally overspend and fail to recognize they...
3 Myths about how bankruptcy affects your credit
For countless people, bankruptcy is the last resort that can help them eliminate the burden of some or all of their debt to get their lives back on track. However, relief from debt does come at a price. Depending on the type of bankruptcy filed, a bankruptcy will...
Are you living beyond your means?
Spending more money than you take home every month is incredibly easy to do. However, living beyond your means isn’t sustainable in the long term and will eventually catch up with you. If you are worried you can’t afford your lifestyle, there’s a good chance you’re...
Do not file for bankruptcy just yet
Few people look forward to declaring bankruptcy. Society sees those who declare bankruptcy as financial failures, despite the benevolent intentions of bankruptcy law. Bankruptcy laws exist to help people secure a second chance after financial strife. During these...
How personal bankruptcy may help to prevent wage garnishment
People in Santa Rosa, Ukiah and the nearby areas in California who are experiencing financial challenges will undoubtedly be concerned as to how they will address them. Wage garnishment can impact people from a range of demographics including young people just...
How California residents can repay their debt
If you are looking to get out of debt, it may be in your best interest to file for bankruptcy or seek a debt settlement. The amount that you owe to creditors, your income and the type of debts that you have will typically determine which option is best for you....
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...