201711.02
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Your Obligations Under a Chapter 13 Bankruptcy Plan

We have written elsewhere about the differences between Chapter 7 and Chapter 13 bankruptcies, the two principal types available to individuals. The principal difference is that the debtor in a Chapter 7 bankruptcy surrenders non-exempt property and in return for elimination of most common obligations. Setting Up a Payment Plan In a Chapter 13 bankruptcy,…

201711.02
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How Chapter 7 Bankruptcy Can Help With Foreclosure

California was one of the states hit hardest by the housing crisis and resulting wave of foreclosures that began in 2007-08. Statistics support the conclusion that the worst of the crisis had passed by the end of last year, and a study by research firm CoreLogic found that California homeowners gained an average of $26,000…

201710.02
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Can I Keep a Credit Card In My Chapter 7 Bankruptcy?

An individual who files for Chapter 7 bankruptcy in Riverside will likely have to surrender all of his credit cards. As soon as the credit card company finds out about the debtor’s bankruptcy, the credit card will probably be canceled. However, the debtor can begin building his credit after his bankruptcy case is closed. It…

201710.02
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Does a Home With Zero Debt Affect Chapter 13 Bankruptcy?

Debtors often ask Santa Ana attorneys whether owning a home free and clear impacts Chapter 13 bankruptcy. Can a Debtor keep their home if they have too much equity? If there is no mortgage on the property, the debtor can keep the home after filing Chapter 13 bankruptcy. However, the debtor might have to pay…

201709.16
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How Do I Keep My Jewelry if I File for Bankruptcy in California?

Anyone considering filing for bankruptcy in California will greatly benefit from contacting our office and scheduling a consultation. During the consultation, we will discuss the details of filing for bankruptcy and help you gain a fresh financial start of being rid of debts. However, filing for bankruptcy is not as simple as checking a box on…

201709.16
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Can I Keep My Credit Union Account if I File for Bankruptcy?

Some clients call our office wondering, “Can I keep my credit union account if I file for bankruptcy?”  To answer this, we need to understand the type of credit union account. If it is a checking or savings account, it should remain unchanged by the bankruptcy filing. That is to say that the actual account…

201709.02
0

Can I Change My Bankruptcy Attorney in the Middle of a Case?

When filing for bankruptcy, most people retain the services of a bankruptcy attorney to assist with the process. It is a wise course of action since bankruptcy law can be complicated. Understanding things like exemptions can make the difference between being able to retain the majority of your property or watching it all be liquidated….

201709.02
0

Can I Get a Small Business Loan After Bankruptcy?

If you own a business and are filing for bankruptcy, you may be wondering, “Can I get a small business loan after bankruptcy?”  For those filing a personal bankruptcy, this is a good question to ask. A personal bankruptcy is not going on the record of the business unless the business is a sole proprietorship….