Tag Archives: chapter 7 bankruptcy
Bankruptcy for Your Small Business Non-Consumer Debt
Do you have overdue small business debt? Those of you with small businesses may be dealing with some debt as a result of the recession. The recession was tough on small business, but bankruptcy is a federal process that can also help you with your small business debt. Most small business loans are backed by Continue Reading
Do You Need To File 2013 Taxes Before Filing for Chapter 7?
A quick reminder that you should not need to wait until your taxes are filed to file a Chapter 7 or any other type of bankruptcy. Bankruptcy is based on your history of income and expenses. The bankruptcy court will not dismiss your file or disqualify you from bankruptcy if you have not filed your Continue Reading
Can You Keep Your Car After A Bankruptcy?
In Southern California, our automobiles are considered to be an important part of our lives. Whether you live in sunny Orange County or Riverside County, our cars are our best friends. Cars provide transportation to work and can also play the role of an air conditioning station through the hot summer days. No one wants Continue Reading
What Happens After Bankruptcy?
The most common concern when filing bankruptcy is facing the consequences of filing. Many are concerned about the credit impact in the future. A bankruptcy is recorded on your credit report and will remain on your credit report for 10 years unless you are able to manipulate the credit bureaus to remove the bankruptcy. In Continue Reading
Debt Limits for Chapter 7 Bankruptcy
In a Chapter 7 bankruptcy, there are no guidelines or limits to the debt amounts included in a Chapter 7 bankruptcy petition. If you are considering bankruptcy as a potential solution to your debt issues, you may at some point have asked yourself these questions: 1. Do I have enough debt for bankruptcy? 2. Do Continue Reading
Orange County Bankruptcy and The Holidays
Bankruptcy is normally avoided during the holidays because most of us are much too busy making our holiday plans, visiting relatives, cooking for families, and, of course, buying presents. Bankruptcy Law Professionals would like to remind you that we are open all through the holidays except for Christmas day and New Year’s day. As we Continue Reading
Chapter 7 or Chapter 13 Bankruptcy? Which One is Right for You?
With all of the attorney and law firm advertising out there today, people looking for bankruptcy services or a bankruptcy law office usually have heard the terms Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. Both are for consumer debt, but which one is best for you? There is information available online that explains the differences Continue Reading
What Does Bankruptcy Protection Mean?
What does Bankruptcy Protection really mean? What does bankruptcy protection actually protect for the average consumer? When you read a press release about a company or individual filing for bankruptcy, it is common to hear the phrase “…has declared bankruptcy and is reorganizing under bankruptcy protection” or “…has filed for Chapter 7 bankruptcy protection”. The Continue Reading
Student Loan Reform and Bankruptcy
Student loan payment is currently a hot topic in the news. Many people are waiting for student loan reform to help ease some financial problems. The issue is that interest rates are scheduled to go up in July and the concern is around people being able to afford the payment once the interest rates reset. Continue Reading
Bankruptcy Can Help You Live Without Credit Cards
Dependency on Credit Cards Are you using your credit cards to get by every month? Do you pay off as much as you can on your credit card debt, yet never seem to make a dent in your debt? Your debt seems to only be growing larger and larger with fees, interest, late charges. You Continue Reading