Filing for bankruptcy can be a difficult decision, but it doesn’t mean the end of your financial future. While bankruptcy can stay on your credit report for up to 10 years, you can take steps to rebuild your credit and regain financial stability. Here’s a step-by-step guide to repairing your credit after bankruptcy. 1. Check […]
How to Repair Your Credit After Bankruptcy Read More »
Chapter 13 is the second most popular consumer bankruptcy in the country. It requires that debtors make regular monthly payments for 3-5 years. If they stick to the schedule, then certain unpaid debts are discharged at the end of the process. Even better, they don’t lose any non-exempt property. Three to five years is a
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Yes, you can stop an eviction—at least temporarily. Bankruptcy might be just what you need to get your financial house in order, save up some money, and then catch up on unpaid rent. However, renters must realize that filing for bankruptcy won’t work in all situations. You might file too late to obtain relief, so
Can You Stop an Eviction by Filing for Bankruptcy in Los Angeles? Read More »
Millions of Americans are stressed about finances. According to one survey, 47% of respondents polled said that finances had anegative impact on their mental health. High debt levels are also a major contributor to divorce in this nation. Perhaps the best thing to do is to take control of the situation. When people act, they
What is the Best Debt Repayment Method? Read More »
When older adults call our office to discuss bankruptcy, we often want to know what’s causing theirfinancial distress. The reality is that there’s no age limit to filing for bankruptcy. Nonetheless, older Californians face different financial circumstances than younger debtors. For one thing, you have less time to get your finances in order before retirement.
Are You Too Old to File for Bankruptcy? Read More »
Small businesses can hit a rough patch in any economy. Because of their size, small businesses are vulnerable in the way a larger one might not be. If a vendor disappears or a major client chooses to do business elsewhere, then your company might face an immediate cash crunch. Many small business owners resist filing
Is Chapter 11 Bankruptcy the Right Choice for Your Small Business? Read More »
Millions of Americans rely on cash advances to help tide them over until their next paycheck. Cash advances tend to have ridiculously high interest rates, and even one or two advances can cause intense financial distress. One common question is whether a debtor can discharge (eliminate) cash advances in bankruptcy. The answer is generally “yes,”
Can You Discharge Cash Advances in Bankruptcy? Read More »
Bankruptcy allows debtors to finally gain some breathing room from their crushing debts. They can either eliminate certain debts quickly (with a Chapter 7 filing) or chip away at debts over 3-5 years (with a Chapter 13 filing). Either way, the bankruptcy will end up on a person’s credit report, which means that any landlord
Can You Rent an Apartment if You File for Bankruptcy? Read More »
One of the most powerful benefits of filing for bankruptcy protection is the automatic stay. Under Section 362 of the Bankruptcy Code, the automatic stay goes into effect automatically—hence, the name. The debtor doesn’t have to take any additional steps. This stay will prevent creditors from taking certain collection actions after you have filed. CallResolve
A Closer Look at the Automatic Stay in Bankruptcy Read More »
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