How is My Income Relevant in Bankruptcy?
How is my income relevant in bankruptcy? In a Chapter 7 Bankruptcy, income and expenses are key in determining if you qualify for Chapter 7 Bankruptcy. The Means Test is utilized to determine if your income and expenses fall below a certain threshold to qualify for Chapter 7 Bankruptcy. Keep in mind, expenses must be […]
What do I Need to Bring to Sacramento Bankruptcy Attorney Appointment?
What do I need to bring to Sacramento Bankruptcy Attorney appointment? For an in depth Bankruptcy consultation and for Sacramento Bankruptcy Attorney to determine if your Bankruptcy case is a Chapter 13 Bankruptcy or Chapter 7 Bankruptcy case, you should bring 7 months of pay stubs, most recently filed tax return, lawsuits, and general knowledge […]
Ask Stockton Bankruptcy Attorney: How Long does a Stockton Bankruptcy Case Take to Complete?
Ask Stockton Bankruptcy Attorney: How Long does it Take for a Stockton Bankruptcy Case to Complete? If you resides in Stockton, California and file a Chapter 7 Bankruptcy petition in Bankruptcy Court, it usually takes 3 to 4 months to complete from filing to discharge or final decree assuming nothing went wrong in court: for […]
Ask Modesto Bankruptcy Attorney: How Long does a Modesto Bankruptcy Case Take to Complete?
Ask Modesto Bankruptcy Attorney: How Long does it Take for a Modesto Bankruptcy Case to Complete? If you file a Chapter 7 Bankruptcy petition in Modesto Bankruptcy Court, it usually takes 3 to 4 months to complete from filing to discharge or final decree assuming nothing went wrong in court: for example, creditors challenging the […]
Ask Sacramento Bankruptcy Attorney: How Long does a Sacramento Bankruptcy Case Take to Complete?
Ask Sacramento Bankruptcy Attorney: How Long does it Take for a Sacramento Bankruptcy Case to Complete? If you file a Chapter 7 Bankruptcy petition in Sacramento Bankruptcy Court, it usually takes 3 to 4 months to complete from filing to discharge or final decree assuming nothing went wrong in court: for example, creditors challenging the […]
If I Forgot to List a Creditor in My Bankruptcy Schedules, Will that Debt be Discharged?
If I forgot to list my creditor in my bankruptcy schedules, will my debt be discharged? In a Chapter 13 Bankruptcy, the creditor must be listed in bankruptcy schedules to be discharged. Sacramento bankruptcy lawyer In a Chapter 7 Bankruptcy case, it depends if the case is an asset or no asset case. If it […]
Can I Keep My House If I File Bankruptcy?
Can I keep my house if I file Bankruptcy? If you file Chapter 7 Bankruptcy, your Chapter 7 Bankruptcy Trustee will not liquidate your house if there is no net value after the claimed exemption pursuant to the California exemption statutes, amount encumbered by your secured lender, recorded property taxes owed, recorded unavoidable judgment liens, […]
Small Business and Chapter 7 & 13 Bankruptcy Overview
As the economy recovers, small businesses are still struggling under mounting debts incurred during the recession in Sacramento, Stockton, Fairfield, and Modesto, California. If your small business is a sole proprietorship, you might be able to save your business through Chapter 7 or 13 Bankruptcy. Under Chapter 7 Bankruptcy, you can wipe out your business […]
Raising Home Prices & Chapter 13 Bankruptcy Lienstripping of Second Mortgage or Equity Line of Credit
As prices of homes in Sacramento, Stockton, Fairfield, and Modesto, California areas increase, it becomes more difficult to Lienstrip or remove the second mortgage or equity line of credit off your house under Chapter 13 Bankruptcy. If the house is your primary residence, you can only strip off the second mortgage or equity line of credit […]
Do I get to keep all my assets through Bankruptcy?
The answer depends on which Bankruptcy you file. If you file under Chapter 7 Bankruptcy, you will lose your assets that is not protected under the California Exemptions. If you file under Chapter 13 Bankruptcy, you can keep assets that are not protected under the California Exemption by paying your unsecured creditors through a payment plan for […]