How long ago was it when your business was nothing more than an idea in your own mind? Whether it was less than a year ago or several decades ago, you likely recall what it was like to have a dream and wonder if you'd ever be able to bring it to fruition. You did. You...
Dealing with major medical bills
Many California residents struggle to pay their bills, especially if they are hit with an insurmountable sum of medical debt. In many cases, the people for whom medical bills loom large are those least able to handle the financial burden, including the poor and the...
Complicated factors contribute to drop in bankruptcy filings
Over the years, many people in California have sought consumer bankruptcy protection when their debts get out of control. According to a report from Supreme Court Chief Justice John Roberts, over 770,000 bankruptcy cases were filed in fiscal year 2018, but this...
How bankruptcy courts treat student loan debt
In most cases, those in California and throughout the country who have student loan debt cannot discharge it in bankruptcy. This policy was put in place because of a fear that people would simply file for bankruptcy after getting their degree. However, there are...
Minimum credit card payments could lead to debt for decades
Emergencies sometimes force people in California to use their credit cards. Reliance on credit cards has resulted in American households owing an average credit card balance of $8,195. A person with roughly $8,000 in credit card debt who only makes the minimum monthly...
What will happen to your stuff if you file for Chapter 7?
Making the choice to file for bankruptcy is not easy. You may feel embarrassed and hopeless about your financial situation, but taking this step can help you achieve a better financial future. In the meantime, however, you may wonder what bankruptcy will mean for your...
Credit card balances in the U.S. continue to rise
Financial analysts in California and around the country have been voicing concerns about a looming consumer debt crisis for several years, and their arguments are growing more strident as American households sink deeper and deeper into debt. The financial information...
