Can You File Bankruptcy and Keep Your House?

By |2021-03-24T16:28:34+00:00March 24th, 2021|Bankruptcy|

If you are a homeowner who is considering bankruptcy because of overwhelming debt and burdensome calls from debt collectors, you are likely wondering how a bankruptcy filing could impact your living situation. Here are important things to keep in mind in regards to bankruptcy filing [...]

Other California Bankruptcy Exemptions

By |2021-03-09T20:01:33+00:00March 9th, 2021|Bankruptcy|

We know what you're probably thinking. You're thinking "Other California Bankruptcy Exemptions? Other than what?" We covered the new law that increased the homestead exemption on California residences in bankruptcy proceedings in another article. If you haven't read that, it's a good place to start. [...]

How Does Filing for Bankruptcy Affect My Spouse?

By |2021-02-18T23:42:23+00:00February 18th, 2021|Bankruptcy|

Bankruptcy laws vary from state to state, as do the pros and cons that go along with them. In California, one spouse can file bankruptcy, which can be beneficial. There are several factors to consider when deciding whether to file individually or jointly for bankruptcy [...]

Will Bankruptcy Affect Your Job or Future Job?

By |2021-02-09T19:45:54+00:00February 9th, 2021|Bankruptcy|

If you are considering filing for bankruptcy, you probably have some questions and concerns about making your decision. You may wonder which chapter of bankruptcy you can file or whether you have too many assets to file. One of the questions that usually come to [...]

Do I Have To Go To Court When I File Bankruptcy?

By |2021-01-22T21:14:43+00:00January 22nd, 2021|Bankruptcy|

The judicial system is one of three government branches designed as part of the U.S. system of checks and balances. Its purpose is to balance power, ensure laws align with the U.S. Constitution, and provide criminal and civil remedies where the law is breached. Still, [...]

Increase in California Homestead Exemptions Starting January 2021

By |2021-01-12T21:06:12+00:00January 12th, 2021|Bankruptcy|

A homestead exemption law change effective January 1, 2021, protects California homeowners pursuing Chapter 7 bankruptcy. Previously, homestead exemptions capped out at $75,000 for single people and $100,000 for married couples. Senior citizens and those with disabilities enjoyed moderately more significant thresholds at $175,000. However, [...]

What Happens if Your Employer Files for Bankruptcy?

By |2020-12-21T18:29:23+00:00December 21st, 2020|Bankruptcy|

Employers filing for bankruptcy is one of the most damaging things to happen to employees, especially during the holidays. Experiencing a loss of income is devastating, but even more detrimental is the potential loss of health benefits and retirement funds you spent years accumulating. Fortunately, [...]

What Is Bankruptcy Fraud?

By |2020-12-14T21:24:53+00:00December 14th, 2020|Bankruptcy|

Remember that time there was a pandemic, and the government gave out loans to small businesses to keep them afloat and, people being people, what was intended for good was sometimes used fraudulently? Oh, wait. That was PPP during COVID, and investigations are now occurring. [...]

The Bankruptcy “Means Test”: What it Means?

By |2020-11-30T23:39:43+00:00November 30th, 2020|Bankruptcy|

In a nutshell, the bankruptcy means test determines whether you're eligible to file for Chapter 7 bankruptcy. Like most things in life, however, it's not that simple—the means test factors in a couple underlying "tests" to determine your ultimate eligibility. The underlying factors include things [...]

Is a Fear of Bankruptcy Holding You Back?

By |2020-11-11T00:00:04+00:00November 10th, 2020|Bankruptcy|

According to data collected from the 2019 U.S. Census, Americans are in debt by an average of $90,460. Gen Xers have the highest amount of debt at an average of $135,84. Gen Z, which only comprises ages 18-23 in terms of their ability to obtain [...]