One question that people might ask when considering filing bankruptcy is, “What Does Declaring Bankruptcy Do?” Some may think of it as one of the worst things to happen financially, but knowing how to take advantage of this process may actually be a great opportunity for them to start over fresh. For people with unimaginable […]
Chapter 13 Bankruptcy
How Much Does a Chapter 13 Bankruptcy Cost?
One question that people might ask when considering filing bankruptcy is, “how much does a Chapter 13 Bankruptcy cost?” When considering bankruptcy, especially a chapter 13, it’s always good to consider how much the whole court case will cost beforehand. While there are court filing fees and other administrative costs, the actual cost to file […]
Who Qualifies for Bankruptcy Chapter 13?
As bankruptcy cases rise across the nation from big corporations to regular individuals, people are wondering who qualifies for bankruptcy Chapter 13. Many people believe going into bankruptcy court is the end of their financial future, but there is hope in bankruptcy as thousands are in court every day saving their homes, cars, and personal [...]
Is It Better to File a Chapter 7 or 13?
If you are having a hard time keeping up with payments, especially during a global crisis like the Coronavirus (COVID-19) in 2020, you might be asking, “Is it better to file a chapter 7 or 13?” The answer really depends on your situation, but the general rule is that: Chapter 7 bankruptcy is for people […]
Breakdown of Chapter 13 Bankruptcy For Californians
When Is Filing Chapter 13 Bankruptcy The Best Option? In this breakdown of Chapter 13 bankruptcy for Californians, we have a very important job: to help a person to save their home and car after they fall behind on payments. If someone has missed a single car payment, even if they are just a few […]
Debts That Can Be Eliminated With Chapter 13 Bankruptcy
Chapter 13 Bankruptcy offers individuals a way to eliminate debt and stop foreclosure as well as auto repossession. When the Chapter 13 bankruptcy attorney declares bankruptcy for a person, they may be able to save their home, car, savings, and their personal belongings. Americans have seen the economy steadily improve since the great recession of […]
Second Mortgage Lien Stripping With Chapter 13 Bankruptcy
Lien stripping simply refers to a process within a Chapter 13 bankruptcy that allows individuals who are upside down on their loans to get rid of any junior liens, such as second or third mortgages. “Upside down” means that the value of the home has dropped below the amount of the owed for the first […]
Los Angeles Bankruptcy Lawyer
Filing Bankruptcy immediately stops collections, stops any lawsuits, stops wage garnishment, and wipes out credit card debt, medical debt, and old IRS debt..
Reasons to File Bankruptcy
If you have gotten to the point where you are researching the different types of bankruptcy and the benefits of each, there is probably a very good reason for it. Nobody gets into debt or takes out a loan with the intention of having to file bankruptcy, but for many, filing to eliminate unmanageable debt […]
