There is no doubt that insolvency foments anxiety and stress on individuals, marriages and families. Not having enough money or resources to meet your needs and bills is incredibly stressful. It has been said that the only way out of a problem is by going through it,...
Bankruptcy
A novel bankruptcy idea could make things a lot easier for many
Many people in America are struggling with crushing debts. Unfortunately, a lot of that debt is tied up in student loans that cannot easily be discharged in bankruptcy. That could soon change. Chapter 10 would be a game-changer for people struggling with student loans...
What is the Chapter 7 bankruptcy means test?
Consumers generally have two kinds of bankruptcy available to them: Chapter 7 and Chapter 13. Chapter 7, or “straight” bankruptcy, is generally the preferred option because, unlike Chapter 13, it is faster and doesn’t require the consumer to repay any portion of their...
How can you avoid losing your home in bankruptcy?
When you are facing bankruptcy and are struggling to make ends meet, something that you may be worried about is keeping your home despite your money woes. You have been in your home for years, and it’s where you feel comfortable. If you lose it, you worry about where...
Lost a job? Bankruptcy could help you get out of debt
When you lose your job, you don’t necessarily have to turn to bankruptcy for help right away. However, if you cannot find work and are struggling to make ends meet, then bankruptcy may be something to look into. Bankruptcy can be beneficial if you have many unsecured...
Reaffirmation agreements can help you keep assets post-bankruptcy
It’s fair to say that a significant number of people face financial difficulties at some point in their lives. In some instances that occurs when an individual is younger and simply trying to get established. For a large portion of the others, though, financial...
Comparing California and federal bankruptcy exemptions
Anyone in the San Diego area who is wondering about filing a bankruptcy petition should be aware that both California statutes and the federal bankruptcy code allow debtors to shield certain assets from the claims of creditors. Such assets are usually referred to...
How can Chapter 7 bankruptcy help me?
A recent job loss or significant medical issue can cause our everyday living expenses to suddenly become overwhelmingly burdensome. No one in California wants to have to choose which bills to pay each month or worry about how they are going to feed their family or pay...
Chapter 7 bankruptcy may help those facing challenging times
In today's economy, many people are struggling to make ends meet and the financial consequences will have long-lasting affects. This is especially true for those who have lost their jobs. Luckily, U.S. law gives those most affected a financial lifeline, Chapter 7...
How bankruptcy helps people take control of their lives
Despite its many benefits, bankruptcy still carries a strong, negative cultural connotation. Many people view bankruptcy as a sign of failure or possibly of weak moral character when neither belief is necessarily true. Responsible, hardworking individuals can wind up...