Recently on our legal forum a user wrote, “I always prided myself on paying my bills on time, living with very little credit, and following a strict budget. I was married for 10 years. During that time my husband spent every last dime we had and made numerous financial mistakes. He recently left me for […]
The legal forum a user asked, “I lost my job two years ago and struggled to pay my bills for months. I finally decided to file for Chapter 7 bankruptcy. I have recently found a job. I am wondering how this will affect my bankruptcy filing and whether or not I am required to notify […]
If you are considering a California bankruptcy you may have questions about the property you can keep and what type of bankruptcy is best for you. Recently on our forum we had a user ask, “If I live in California what issues should I consider prior to filing bankruptcy?” What type of bankruptcy can I […]
The bankruptcy forum a user asked, “I feel really overwhelmed. I am considering filing bankruptcy but everything I read online seems so complicated. Can you just give me the basics of what I really need to know about bankruptcy and the bankruptcy process?” Filing for bankruptcy can seem a bit overwhelming, and unless you have […]
So what type of bankruptcy can you file? Bankruptcy laws have made it more difficult for some debtors to simply discharge debt by filing Bankruptcy, but some debtors may still have this option if they meet certain criteria (a median income below the state’s median income level or by passing a means test). Bankruptcy is […]
Learn the Truth about Bankruptcy in California Bankruptcy isn’t just for spendthrifts who can’t control their charge card habits. Every day, millions of Americans find themselves in over their heads due to unexpected medical bills, prolonged job loss, or suddenly having to take financial responsibility for a relative. Although the consumer credit industry tries to […]
If you have determined you cannot take the collector calls and late notices any longer and you are going to file for private bankruptcy, your next huge call is whether or not you ought to rent a bankruptcy lawyer. It is an enormous risk to undertake to tackle your personal bankruptcy while not the help […]
Purposes of Federal Bankruptcy Laws Bankruptcy cases fall under the jurisdiction of the federal court system. Bankruptcy court litigation is handled just like it is in federal district court for civil proceedings. Counsels typically conduct discovery, pre-trial motions and proceedings, settlement discussions, mediation, and trials. Appeals are possible to the federal district court. Bankruptcy laws […]