What happens when a creditor has a judgment against you? Some debtors make the mistake of ignoring the summons and experience a rude awakening when their wages or their bank account gets garnished.  You have a certain amount of time to answer the judgment before further legal action is taken against you.  If you fail [...]

Ever forget where you put your keys? This clunky mass of metal and plastic, a critical piece of your day-to-day life, just goes missing.
Frustrating, but it happens. And most of the time, you’ll eventually find them sticking out of the lock of the front door or buried under a pile of mail on the table.
The fact that you can forget something so important makes it easier to understand how you can forget a particular creditor when compiling information for your bankruptcy case.

In Willy Wonka and Chocolate Factory, everyone was hunting for the Golden Ticket so they could get a tour of the chocolate factory.  The Golden Ticket in every chapter 7 bankruptcy in Fresno, and everywhere else, is the Discharge Order.  

Debtors may be under the impression they are unable to get student loan debt discharged.  While this may be the case for some, others may qualify to have this debt eliminated but don’t bother asking their attorney about it.  When you file you are expected to list debt obligations you have outstanding, including those that [...]

Most people have a vision of debt settlement that doesn’t match up with reality.
I started seeing debt settlement ads on television and the radio when I first began practicing law in 1995.
What originated as a small industry became a behemoth seemingly overnight as the economy tanked and everyone started realizing they couldn’t possibly pay all their debts.

A Chapter 13 bankruptcy plan can help you get your finances back in order.  As a court-approved repayment plan that restructures debts, you may be able to make reduced payments on obligations based on your income ability.  Yet, there are certain debts you are required to pay as part of the agreement, including secured debts [...]

If you need to file for bankruptcy, Chapter 13 should be your first choice whenever possible.
There are, for the most part, two types of bankruptcy cases that people file when they want to get out of debt – Chapter 7 and Chapter 13.
Chapter 7 is deceptively simple, involving just a few months in the court system and a quick exit to a (mostly) debt-free life.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 14, 2014 Colossus Minerals seeks bankruptcy protection as it pursues dual-track process Hybrid offers US$55 million for bankrupt Fisker Garlock Wins Trial on Asbestos Liability in Bankruptcy Reorganization  

A Beverly Hills, California man was recently sentenced to 15 months federal prison after being convicted of bankruptcy fraud. His sentencing comes after he was found guilty earlier this year on related charges in a bench trial that lasted 5 days. Darren David Chaker, 41, will serve a prison term of 15 months which will [...]

With some hard work and smart planning, you can have great credit after bankruptcy.
Thinking about bankruptcy but terrified of the negative credit implications?
Don’t believe it when someone tells you that your credit will go up once you’ve gotten rid of the mountain of unpaid debts and past due accounts?
I get it – most people are convinced their credit will be terrible after bankruptcy. In fact, lots of people think they’ll never be able to get credit every again.