Deciding to file for bankruptcy is one thing, but knowing which types of bankruptcies to file is another. Individuals who are struggling with debt can avail of the different types of bankruptcies to eliminate or restructure their debts, but it’s important to know how your circumstances affect your bankruptcy filing. This article discusses the requirements for eligibility and advantages of the two types of consumer bankruptcy: Chapter 7 bankruptcy and Chapter 13 bankruptcy.
Chapter 13 Bankruptcy

The following is a warning from the Federal Trade Commission regarding scams you may receive about your student loans.  Read the warning and watch the very short video.
October 13, 2020, by Traci Armani, Consumer Education Specialist, Division of Consumer & Business Education, FTC

Once you have completed your bankruptcy and received your discharge order from the court, you will want to move forward financially. But what do you do? After your debt is eliminated, how do you repair your credit? Can you? Our experienced California attorney’s answer to that last question is a resounding “yes.” Below, the “how” […]

Debt can be all-consuming, making it incredibly difficult to keep up with financial obligations. It’s only natural for debtors that their sights set to filing for either Chapter 7 or Chapter 13 bankruptcy. Be aware that, for debtors, Chapter 7 is the most widely used filing, and not just anybody can file. There are many standards that debtors must meet to qualify for Chapter 7. Whether debtors choose to file for Chapter 7 or Chapter 13, they must first undergo debt counseling.

Debt can be all-consuming, making it incredibly difficult to keep up with financial obligations. It’s only natural for debtors that their sights set to filing for either Chapter 7 or Chapter 13 bankruptcy. Be aware that, for debtors, Chapter 7 is the most widely used filing, and not just anybody can file. There are many standards that debtors must meet to qualify for Chapter 7. Whether debtors choose to file for Chapter 7 or Chapter 13, they must first undergo debt counseling.

Debt can be all-consuming, making it incredibly difficult to keep up with financial obligations. It’s only natural for debtors that their sights set to filing for either Chapter 7 or Chapter 13 bankruptcy. Be aware that, for debtors, Chapter 7 is the most widely used filing, and not just anybody can file. There are many standards that debtors must meet to qualify for Chapter 7. Whether debtors choose to file for Chapter 7 or Chapter 13, they must first undergo debt counseling.

It is crucial to build your credit. Some people don’t realize how a good credit rating affects their lives significantly. A credit file is not only a matter of concern for a lender. Good credit makes life less costly, and financial situations much more manageable. With a good credit score, an auto loan or mortgage is approved with the best interest rates and terms. When they check your credit and see good ratings, you usually pay less for more in insurance, and utility companies start a service with little deposit after they check your credit report.

There is so much mis-information about a forbearance of home mortgages during COVID-19.  Know your options before making a decision not to pay your mortgage.

Leading Lawyers Weigh In on Portrayal In The Media – (includes quote from Diane Drain)Can you remember the very first time you came across the word ‘lawyer’?

When families file for bankruptcy, one of the most common concerns they have is whether they will keep their family home. For many, this weighs heavily on the mind of someone who is considering bankruptcy as an option. While the automatic stay can undoubtedly stop foreclosure and offer relief, this is only short-lived, which is why an experienced bankruptcy lawyer will play a critical role in moving forward. They will discuss your needs and assist with alternative options that allow debtors to retain homeownership.