Recent Blog Posts
Supreme Court to Decide whether a Debtor Who Lied to Obtain Credit can Discharge that Debt in Bankruptcy
A case currently before the Supreme Court may have a serious effect on Americans deep in debt and on how lenders, particularly small business lenders, give out loans. In Lamar, Archer & Cofrin, LLP v. Appling, the Supreme Court is set to answer whether someone who lied about an asset to obtain credit can discharge… Read More »
Look Out for These Signs that You’re in Debt Trouble
Making responsible use of a credit card can help you build a strong credit score. It can help make you an excellent candidate for larger lines of credit down the line, such as home loans or a loan to start a small business. But sometimes, a lack of money literacy or a tragic life event… Read More »
Bankruptcy Can Help You Manage Tax Debt
Few forms of debt are as stressful and potentially damaging as tax debt. Many individuals who have large amounts of debt don’t realize that, in many cases, filing for bankruptcy can help them manage both consumer debt and tax debts. Below, learn about the ways that a bankruptcy filing can provide help in managing past-due… Read More »
How to Decide if You Should Reaffirm a Debt
When filing for bankruptcy, you may have to decide whether or not to reaffirm a debt. Choosing to retain debt that will last after your other debts are eliminated isn’t a decision you should make lightly. Read on to learn about reaffirming debt, and contact a knowledgeable California bankruptcy attorney with any additional questions. Debt… Read More »
Three Common Myths about Bankruptcy, Set Straight
If you’re struggling with overwhelming bills and personal debt, you’re probably looking for a lifeline out of your situation. You may have considered filing for bankruptcy but are scared of what it could mean for your life or financial future. Many of the scariest things (and, unfortunately, one good thing) you’ve heard about bankruptcy are,… Read More »
Catching up on Your Mortgage under Either Chapter 7 or Chapter 13
There are good reasons to file for bankruptcy under Chapter 7 or Chapter 13, and debtors should discuss the advantages of each with their attorney before filing. While many debtors who are behind on their mortgage believe that Chapter 13 is the form of bankruptcy that can best help them get out of debt, some… Read More »
Finishing Your Chapter 13 Bankruptcy Case
Chapter 13 bankruptcy takes several years to complete and can require some sacrifice on behalf of petitioners, but for those who manage to stick with their payment plans, it can bring numerous benefits without the same long-term credit consequences of a Chapter 7 bankruptcy filing. Learn about how a bankruptcy is completed, and some of… Read More »
Lien Stripping during a Chapter 13 Bankruptcy
If you’re a homeowner and your expenses are starting to become more than you can handle, you may be most concerned about what you can do to prevent losing your home through a foreclosure. Filing for bankruptcy under Chapter 13 can offer multiple benefits to homeowners that could allow them to keep their home when… Read More »
How Divorce Settlements are Affected by Bankruptcy
Determining what property is part of your estate, and determining which of that property is exempt or non-exempt, can be one of the most complex aspects of a bankruptcy filing. While your estate is normally limited to the property you own when you file, there are certain cases where property you acquire after filing might… Read More »
How Does an Asset Chapter 7 Bankruptcy Work?
Chapter 7 bankruptcy is sometimes referred to as liquidation bankruptcy, since this type of filing gives the bankruptcy trustee the authority to make the debtor’s assets liquid and to use the resulting cash to compensate creditors. Many potential Chapter 7 filers are scared that they’ll be forced into selling personal treasures or necessities during their… Read More »