Articles from St. Petersburg Bankruptcy Law Blog

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Can You Lose Student Loan Eligibility if Your File For Bankruptcy in California?

Submitted by Anonymous (not verified) on Wed, 05/05/2021 - 20:31

People who file for bankruptcy in California often have questions regarding the process and its impact on their lives after filing. Having a bankruptcy on your credit report could affect your ability to rent an apartment, obtain a loan, or qualify for a mortgage. Some potential debtors are concerned about how filing for bankruptcy will […]

Can a Disability Check be Garnished in California?

Submitted by Anonymous (not verified) on Wed, 05/05/2021 - 17:21

Many people in California rely on their disability benefits, either Social Security Disability Insurance (SSDI) benefits or Supplementary Security Income (SSI). This monthly income is required to pay rent, food, utilities, and other necessities. While creditors in California could garnish your regular wages, they are generally prohibited from garnishing your disability benefits. However, your benefits […]

How Fast Can a Garnishment Be Stopped In California?

Submitted by Anonymous (not verified) on Thu, 03/25/2021 - 19:12

When you are behind on a bill or owe back taxes, it might not seem like a problem initially. However, once a creditor obtains a judgment and they garnish your wages or your bank account, it becomes a real nightmare. While there are things you can do to try and stop a garnishment, including working […]
The post How Fast Can a Garnishment Be Stopped In California? appeared first on The Bankruptcy Group, P.C..

Can I Go On Vacation While In Chapter 13 Bankruptcy In California?

Submitted by Anonymous (not verified) on Thu, 03/25/2021 - 19:04

For many California residents, filing for bankruptcy is a lifesaver. When someone eliminates most of their debt through Chapter 7 or reorganizes their debt, while maybe saving their home, by filing for Chapter 13, they remove a significant financial burden. However, bankruptcy is not a “get out of jail” free card. In the case of […]

What is the Average Monthly Payment for Chapter 7 Bankruptcy in California?

Submitted by Anonymous (not verified) on Thu, 03/25/2021 - 18:33

There is a good deal of misinformation concerning bankruptcy. People hear different myths and bits of incorrect facts about bankruptcy from friends, family members, and co-workers. Unfortunately, over the years, many of these misconceptions have wormed their way into the public consciousness. One question that has come up lately regards the average monthly payment required […]

Can Creditors Garnish Both Spouses’ Wages in California?

Submitted by Anonymous (not verified) on Thu, 03/25/2021 - 18:24

If you owe a debt that is only in your name, you might believe that it is solely your responsibility and not your spouse’s. If your creditor decides to sue you, your wages could be subject to a wage garnishment. However, California is a community property state. Therefore, if a creditor has a judgment against […]
The post Can Creditors Garnish Both Spouses’ Wages in California? appeared first on The Bankruptcy Group, P.C..

Do I Keep My Furniture if I File for Bankruptcy in California?

Submitted by Anonymous (not verified) on Thu, 03/25/2021 - 18:11

The answer to whether or not you are able to keep your furniture when you file for bankruptcy in California is “it depends.” Some of the factors that will influence what happens to your furniture include the chapter of bankruptcy filed, the exemptions you pick, and the value of your furniture. However, in most cases, […]

What is the Average Monthly Payment for Chapter 13 in California?

Submitted by Anonymous (not verified) on Thu, 03/18/2021 - 21:18

A Chapter 13 bankruptcy is a reorganization of your debt. The main component of a Chapter 13 bankruptcy is a bankruptcy plan. Your plan will propose what creditors will be paid and how much. One of the first questions anyone filing for Chapter 13 has is, “how much will my monthly plan payment be?” Unfortunately, […]

Does Filing Bankruptcy in California Take All of Your Disposable Income?

Submitted by Anonymous (not verified) on Mon, 02/22/2021 - 21:52

Some people understand the difference between Chapter 7 and Chapter 13 bankruptcies in California. In Chapter 7, a debtor can wipe out most of their debt without paying their creditors a dime. On the other hand, in Chapter 13, a petitioner will pay a portion or all their debt. One of the primary factors a […]

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