Credit score and bankruptcy are arch-enemies. The moment you file bankruptcy as per the federal bankruptcy code, your FICO score drops. This is what you hear from your friends and family. But is that true? Let’s find out today. What is the link between bankruptcy and credit score? When you file for bankruptcy, it means you are surrendering yourself. When you file Chapter 7 bankruptcy, you declare your incapability to pay off debt to the three major credit bureaus, implying you are financially … [Read more...] about How Will Bankruptcy Affect My Credit?
If you find yourself in a situation where you are thinking about filing for bankruptcy, it may be some consolation that you are not alone. With a flat economy, people are still struggling to keep up with expenses. A job loss or medical issue typically knocks a person off the balance beam. If you have fallen behind with credit cards and debts, it is probably time to call a bankruptcy attorney. If you are looking for a bankruptcy lawyer in San Diego, we can help. Our experienced bankruptcy … [Read more...] about San Diego Bankruptcy Attorney – We Eliminate Debts
Our firm handles both bankruptcy and repossession cases, so it's no surprise when people call us and ask "Will filing bankruptcy prevent my car from being repossessed?" This may seem like a simple enough question that would warrant a YES or NO answer, but that isn't the case. The correct answer would be that filing for bankruptcy can help in preventing your car from being repossessed. Depending on the type of bankruptcy you file, you may have some protection from repossession through the … [Read more...] about Stop Car Repossession by Filing Bankruptcy
As a firm that handles both Bankruptcy and Auto Fraud cases, we've found that some of the people who call for advice on one area of law actually should be looking at the other. In some cases, a combination of services is needed to get the results that the client is after. These situations occur when individuals call us for help with their vehicle repossession and want to speak with an auto fraud attorney when they actually need a bankruptcy lawyer. Dealerships are legally allowed to repossess … [Read more...] about You Can Get Your Repossessed Car Back by Filing Bankruptcy
One emergency purchase, a short stay in the hospital, or income tax filing could quickly put you thousands of dollars in the hole with no feasible option to pay off the debt. Most people will do their best to pick up extra work and make some extra income in order to pay down debt before it starts to earn too much interest, but things don't always go according to plan. Missing just a payment or two can quickly send your financial well-being spiraling out of control without any end in … [Read more...] about How to Get Rid of Your Debt?
Falling behind on bills can eventually lead to wage garnishment. Wage garnishment is when a creditor is able to automatically take money out of your paycheck from your employer. In some cases, this can account for a large percentage of your paycheck, making your other expenses, such as groceries and gas, impossible to manage. If you are facing a wage garnishment, and don't have another source of income to make up for the difference, you may want to consider filing bankruptcy to stop wage … [Read more...] about How to Stop Wage Garnishment