Your credit isn’t permanently damaged after bankruptcy
Bankruptcy is an opportunity for a financial reboot. It provides a chance to reevaluate your spending habits, create a realistic budget and establish healthier financial practices. In the wake of...
View ArticleWhat to know about bankruptcy exemptions
When you file for Chapter 7 bankruptcy in California or any other state, you may be forced to give up your home, car or other assets. However, it’s also possible that you can exempt certain assets from...
View ArticleRecovering from bankruptcy: 5 ways
After filing for bankruptcy, there is a period of financial recovery that requires careful planning and disciplined action. Understanding the challenges ahead and taking proactive steps can help you...
View ArticleThe most common reasons for declaring bankruptcy
Traditionally, when many people used to hear about people declaring bankruptcy, they assumed that filers couldn’t manage their money. Until the Great Recession, most people failed to consider that many...
View ArticleWhy the owners of failing businesses may want to file bankruptcy
People may experience numerous different consequences when the business that they operate begins to struggle financially. It can be a real blow to a business owner to acknowledge that their company has...
View ArticleChapter 7 bankruptcy pros and cons
Chapter 7 bankruptcy is generally considered to be a fresh start for a filer. This is because your obligations are discharged under Chapter 7, which means that repayment of eligible debts during...
View ArticleCredit cards can create a debt spiral
Most Americans use credit cards. In fact, credit card debt recently broke $1 trillion and reached record levels in the United States. Part of this is simply because there are more people every year and...
View ArticleWhat if you are getting divorced AND need to file bankruptcy?
If you and your California spouse are contemplating divorce and have a significant amount of debt, the timing of your bankruptcy filing can affect your divorce negotiations. If you and your spouse...
View ArticleFiling under the wrong bankruptcy chapter can be disastrous
Bankruptcy can provide you with a fresh financial start if you have been overwhelmed by debt. However, it’s essential to file under the right chapter to make the most of this opportunity and avoid...
View ArticleWhy debt settlement programs may not be worth the effort
If you’re sitting up at night worrying about your debts, you’ve probably seen the ads for debt relief or debt settlement programs where they promise to settle your debts for pennies on the dollar. Have...
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