Bankruptcy Protection

Bankruptcy Protection Bankruptcy protection is often the point of filing for bankruptcy.  Filing bankruptcy allows to an automatic stay.  That is a legal buzz word that means you are protected from your creditors when you file for bankruptcy.  But protected from … Continue reading

Debt Stress Relief

Debt Stress Relief Debt is stressful.  It is very stressful.  Anyone living with debt knows this.  But debt stress relief is possible.  During the Great Recession, debt was rampant, leaving millions looking for relief.  Following this financial collapse, credit dried … Continue reading

Discharge Student Loan?

Can you discharge student loan debt?  Maybe. Ordinarily student loans cannot be discharged through bankruptcy.  Meaning that student loan debt cannot be eliminated through a bankruptcy filing and discharge.  Other types of debt can be discharged, or eliminated, in bankruptcy.  But … Continue reading

Dischargeable Debt

Dischargeable debt.  What does that mean?  Debt needs no definition.  But dischargeable does.  Dischargeable debt is debt that can be discharged by law.  This means that the debt is eliminated.  Normally this is done though the filing of bankruptcy.  And … Continue reading

Sacramento Bankruptcy Debt Relief

Sacramento bankruptcy debt relief is needed for many in the region.  The economy in Sacramento is better since the great recession.  But it is not back.  Not even close.  Those living and working in Sacramento know this. Debt, though, is back. … Continue reading

Medical Bill Relief

Medical bill relief is a much needed commodity for many American consumers.  This is especially so for surprise medical bills, as this Fortune Magazine article reports.  The reason medical bills can cause such financial chaos is simple.  Medical bill are expensive.  Really … Continue reading

Foreclosure Relief

Foreclosure relief can come in many ways.  Paying you mortgage delinquency is the surest strategy.  But those behind on their mortgage rarely have the money to make up the arrearage on their mortgage.  That’s why they are in foreclosure in the first … Continue reading

Bankruptcy Discharge

Bankruptcy discharge is the legal term applied to debt elimination through bankruptcy.  Filing for bankruptcy and completion of a bankruptcy case allows filers to receive a discharge.  The discharge is an order issued by the bankruptcy court eliminating debt.  Here … Continue reading

Debt Elimination Through Bankruptcy

Why file for bankruptcy?  Debt elimination though bankruptcy is the purpose for filing bankruptcy.  It is also the basis of the bankruptcy discharge.  A bankruptcy discharge is a court order canceling, or eliminating your debts.  It’s that simple.  The order … Continue reading

Bankruptcy Effect on Lawsuits

Bankruptcy effect on lawsuits is a common question for those considering filing bankruptcy.  Particularly so with those who are being sued.  Bankruptcy filings invoke what is known as an automatic stay.  It is a bankruptcy term meaning you are instantly … Continue reading

Credit Card Debt Elimination In Bankruptcy

Credit card debt elimination in bankruptcy is one of the most common causes of bankruptcy filing.  Consumer debt has increased dramatically in the past few years.  The level of credit card debt is now near it‘s pre-recession level.  And that’s … Continue reading

Bankruptcy Bang for the Buck

Bankruptcy bang for the buck is another way of saying whether filing bankruptcy will benefit you financially.  In other words, will the savings of a bankruptcy outweigh the cost of filing for bankruptcy?   With the average consumer bankruptcy, credit card debt … Continue reading

Bankruptcy Can Discharge Overpayment of Unemployment and Social Security

Bankruptcy can discharge overpayment of unemployment and Social Security benefits.  Like any other unsecured debt, such benefit overpayments are legally binding.  But as with most other legally binding debts, bankruptcy can discharge them.  There is no special provision in the … Continue reading

Student Loan Bankruptcy

You can have student loans, and you can file bankruptcy.  But getting rid of a student loan though bankruptcy is a tough trick.  Not that you can’t do it.  But eliminating student loans in a bankruptcy is hard.  Perhaps I … Continue reading

Bankruptcy and Credit Card Debt

Eliminate credit card debt through bankruptcy or pay it off?  That is the question.  For many consumers, though, it is a loaded question.  They would like to pay off their credit card debt, but they can’t.  And they know it. … Continue reading

Bankruptcy Conversion

Sacramento Bankruptcy: What is a Bankruptcy Conversion? Bankruptcy conversion is changing the chapter of your bankruptcy filing after you have already filed.  Types of bankruptcy are organized by chapters of the federal law that created them.  Though there are many … Continue reading

Medical Bills and Bankruptcy

Medical bills are the prime factor for filing bankruptcy in the United States.  According to the Huffington Post, as well as numerous other sources, it is the main reason. Medical bills prompt bankruptcy filings for a variety of reasons, not the … Continue reading

Bankruptcy and Student Loans

Bankruptcy does not normally allow for the discharge of student loans.  Only under an extreme hardship can a student loan be discharged.  The attached guidelines give the degree of difficulty of eliminating student loans through bankruptcy.  Unemployment and other debt obligations will … Continue reading

Sacramento Bankruptcy: Donald Trump Filed 4 Times (Don’t Be Deterred by a Supposed Bankruptcy Stigma)

Sacramento Bankruptcy: Donald Trump Filed 4 Times (Don’t Be Deterred by a Supposed Bankruptcy Stigma)  Bankruptcy is a powerful tool to eliminate or reorganize your debt.  When your debt is beyond your ability to repay, bankruptcy can be a way … Continue reading

Sacramento Bankruptcy: Debt Relief Alternatives

Sacramento Bankruptcy: Debt Relief Alternatives Bankruptcy is an option to eliminate or reorganize your debt.  There are other alternatives besides bankruptcy, though.  Debt relief companies and agencies can help, but be cautious taking this route. Many debt relief companies and agencies … Continue reading

Sacramento Bankruptcy: Coping with Debt

Sacramento Bankruptcy: Coping with Debt Debt can be dealt with in many ways.  Bankruptcy is an option, but is likely not a first alternative.  Read the Federal Trade Commissions thoughts on coping with debt.  Though initial options to resolve your debt, … Continue reading

Sacramento Bankruptcy: Credit Card Debt Cost

Sacramento Bankruptcy: Credit Card Debt Cost Credit card debt interest cost for the average consumer in 2015 exceeded $2,600 according to a recent survey.  Eliminating credit card and other consumer debt was the crux of the survey’s conclusion for consumers to … Continue reading

Sacramento Bankruptcy: The Benefits of Bankruptcy

Sacramento Bankruptcy: The Benefits of Bankruptcy Filing bankruptcy can be a daunting decision.  But often times it is worth it.  Assessing whether a bankruptcy is worthwhile is essentially a cost-benefit evaluation.  Is the cost of filing bankruptcy worth the benefit … Continue reading

Sacramento Bankruptcy: Being sued? Bankruptcy will stop that lawsuit

Bankruptcy prevents creditors from coming after you.  That includes stopping lawsuits, letters, levies, liens, garnishments, phone calls, or anything creditors attempt to pursue a debt owed.  As soon as a bankruptcy is filed, bankruptcy protection (also known as an automatic stay … Continue reading

Sacramento Bankruptcy: 2016 resolution to eliminate debt

If your new year’s resolution for 2016 is to eliminate your debt, bankruptcy may be the answer.  Credit card debt, lines of credit, medical bills, car repossessions, mortgages and income taxes are all forms of debt that can be eliminated through … Continue reading