Articles from St. Petersburg Bankruptcy Law Blog

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How Long Does it Take for a Bankruptcy Discharge After the Meeting of Creditors?

Submitted by Anonymous (not verified) on Thu, 03/02/2017 - 12:37

Also known as the 341 hearing or 341 meeting, the meeting of creditors is an important stage of the California bankruptcy process in both Chapter 7 and Chapter 13 cases.  Our Roseville bankruptcy attorneys explain how the meeting of creditors fits into the bankruptcy timeline in both chapters, including how long into a bankruptcy case the meeting of creditors occurs, and how long it takes for a bankruptcy discharge after the 341 hearing has c

Does Bankruptcy Clear Court Fines in California?

Submitted by Anonymous (not verified) on Tue, 02/28/2017 - 12:36

One of the first questions people often ask when they contact a Roseville bankruptcy lawyer is which debts bankruptcy can eliminate in California.  This article reviews whether different chapters of bankruptcy, including Chapter 7 and Chapter 13, can get rid of court fees and fines owed to the U.S. government by filers.

How Much Does it Cost to File Chapter 7 or Chapter 13 Bankruptcy in California?

Submitted by Anonymous (not verified) on Mon, 02/27/2017 - 13:47

Bankruptcy can shrink your debts dramatically, but filing is not a cost-free process.  In order to declare bankruptcy in California, you will need to pay several court fees, regardless of whether you intend to file under Chapter 7 or Chapter 13.  In this article, our California bankruptcy lawyers discuss how much it costs to file for bankruptcy in California by listing the current bankruptcy filing fees in Sacramento County and Placer County, including

What Will Happen to My Spouse if I File for Bankruptcy in California?

Submitted by Anonymous (not verified) on Tue, 02/21/2017 - 21:47

Married couples share many aspects of their lives, including finances, which can make filing for bankruptcy a complicated decision.  In this article, our Roseville Chapter 13 bankruptcy attorneys discuss a few key aspects of how filing for bankruptcy can affect your spouse, including whether you are liable for your husband or wife’s debts, filing for bankruptcy without your spouse, and some of the reasons to consider – or avoid – filing jointly with your husband

How Long Does Chapter 7 Bankruptcy Stay on Your Record?

Submitted by Anonymous (not verified) on Wed, 01/04/2017 - 12:22

Contrary to the pervasive myth that bankruptcy will destroy your credit, bankruptcy can actually provide the much-needed financial relief that, in the long term, allows the filer to begin building good credit once again.  However, while a Chapter 7 or “liquidation” bankruptcy can empower you to strengthen your credit in the future, it will have some immediate effects upon your credit score for which you need to be prepared.  Our Folsom Chapter 7 bankruptcy lawyers will explain how long a Cha

Is January the Best Time to File for Bankruptcy?

Submitted by Anonymous (not verified) on Tue, 12/27/2016 - 19:44

Worried about the flurry of spending in December, and motivated by the carpe diem attitude of New Year’s, many Californians feel January is the time to think about getting a fresh start by filing for bankruptcy.  With 2017 just around the corner, our Folsom Chapter 7 bankruptcy lawyers examine two important reasons to postpone filing for bankruptcy – and, on the other side of the coin, three scenarios where it might make financial sense to declare Chapter 7 or Chapter 13 bankruptcy this Janu

Do I Need to Make a Homestead Declaration in California Before Filing for Bankruptcy?

Submitted by Anonymous (not verified) on Mon, 11/21/2016 - 17:55

Most people are aware that the debt reducing and elimination powers provided by bankruptcy are unmatched. Assuming ideal circumstances which include a straight bankruptcy under Chapter 7 bankruptcy, few or no complications, and unsecured debts, an individual can eliminate their debts and get a fresh start in as little as six months. However, in some instances, individuals who have fallen into debt have additional concerns that exacerbate one’s need to eliminate debt quickly.

Bankruptcy Can Not Only Eliminate Debt but Also Grant Additional Powers to Business Owners

Submitted by Anonymous (not verified) on Thu, 11/17/2016 - 18:15

Most individuals and business owners are probably already aware that bankruptcy is one of the most expedient ways to address financial problems caused from excessive debt. The constant creditor calls can cause stress, anxiety, and embarrassing situations. In some instances, hounding by creditors may interfere with one’s job or other business relationships. In other scenarios, a business owner may face significant obligations due to certain contracts or prior agreements, and outside of bankruptcy, lack the leverage needed to renegotiate these contracts.  

How Many Times Can I File for Bankruptcy? Can I File for Bankruptcy Two or More Times?

Submitted by Anonymous (not verified) on Mon, 11/14/2016 - 18:30

Many people in California are fully aware that a bankruptcy filing is often the most expedient or most effective means of handling excess debt and other financial stressors that make it difficult to make ends meet.

Should a Troubled California NonProfit File Bankruptcy or Wind Down through a Dissolution?

Submitted by Anonymous (not verified) on Wed, 11/09/2016 - 18:55

Many California businesses are highly successful endeavors. However, for every successful business, there are a number of businesses that do not take off in the way their founders or investors envisioned. The lack of sustained commercial success is typically not for a lack of effort, hard work, or vision. The simple fact is that sometimes projections and models do not pan out and despite all efforts to keep the business afloat, it may nevertheless begin to take on significant debt that can hinder day-to-day operations.  

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