Bankruptcy laws allow an individual to keep some of his personal property including clothes, cars, tools of the trade, and your bank account. If your properties are exempt, the trustee in bankruptcy will not be liquidating such property to pay off your creditors. Most exemptions will protect your property but only up to a limited amount. Meaning, if you have an expensive car outside the scope exempted by law, such a car will not be exempt. However, if your car is inexpensive and with the scope of the law, then your car may be granted a bankruptcy exemption.

Bankruptcy laws allow an individual to keep some of his personal property including clothes, cars, tools of the trade, and your bank account. If your properties are exempt, the trustee in bankruptcy will not be liquidating such property to pay off your creditors. Most exemptions will protect your property but only up to a limited amount. Meaning, if you have an expensive car outside the scope exempted by law, such a car will not be exempt. However, if your car is inexpensive and with the scope of the law, then your car may be granted a bankruptcy exemption.

Austin (KXAN) reports that rental scams are on the rise in Austin, TX. Michelle Deloach is a victim of one of these rental scams. She states,

“We were so excited. It came with a dog door, a guest house and everything… Things in Austin go like that, so we thought, ‘We love this house, let’s jump on it.’ We sent over the deposit and the dog deposit and first months rent. It all added up to be $5,200.”

" I retained Jim Shenwick from a recommendation from another attorney. All I can say is, Jim is a  Professional! Jim got me to relax by taking full ownership of my bankruptcy situation and made the whole process easy for me! Jim and his team went above and beyond to get the job done. I highly recommend Jim"            E___ B___ A___  

When you file for bankruptcy, your credit score will most likely decrease. You could see a decline of anywhere between 50 to 200 points depending on what your score was before filing. However, it is crucial to remember that this is usually only a short-term impact. If you are speaking with one of our Roseville, […]

One of the many questions people have when they first talk with a bankruptcy attorney is, “how long will it take for me to file?” The answer, like many other answers concerning bankruptcy, is, “it depends.” Many factors should be carefully considered before filing. The success of any bankruptcy filing depends on the work that […]
The post How Long Does Bankruptcy Take to File? appeared first on The Bankruptcy Group, P.C..

Yahoo! Sports reports that Evander Kane, professional ice hockey left winger for the San Jose Sharks, says his bankruptcy coming to light brought him relief.
Kane spoke to reporters about how dealing with the bankruptcy has been very stressful, but about how it was a relief to not try and hide it anymore. He claims it was a big relief for him.
From The Article:

“Does Reaffirming My Car Loan Help My Credit Score?” Ray and Theresa, who filed bankruptcy with me last fall, asked me that last week. Lots of people ask that same question after they look at their after-bankruptcy credit report and see that their car payments don’t show.  Then, they are told by their car finance […]

“Does Reaffirming My Car Loan Help My Credit Score?” Ray and Theresa, who filed bankruptcy with me last fall, asked me that last week. Lots of people ask that same question after they look at their after-bankruptcy credit report and see that their car payments don’t show.  Then, they are told by their car finance […]

“Does Reaffirming My Car Loan Help My Credit Score?” Ray and Theresa, who filed bankruptcy with me last fall, asked me that last week. Lots of people ask that same question after they look at their after-bankruptcy credit report and see that their car payments don’t show.  Then, they are told by their car finance […]