When you are no longer able to manage your debt and creditors are calling you at all hours about repayment, you may consider the benefits of bankruptcy. This is a process by which you can deal with certain types of debt once and for all, but you may be unsure about...
Reasons to file for bankruptcy
A California resident who is struggling with debt might want to consider several options before filing for bankruptcy. In some cases, it's possible to negotiate a payment plan with creditors. A debtor could also consider credit counseling. Some credit counseling...
The link between medical debt and bankruptcy
Some California residents may be a single medical emergency away from filing for bankruptcy. This is the takeaway from a study conducted by a professor at CUNY Hunter College in New York and several others. The study looked at 910 random bankruptcy filings between...
Circumstances dictate the appropriate type of bankruptcy
Many California residents struggle with debt for some years before it becomes too burdensome or simply impossible to continue on any longer. The reluctance to seek help is often the result of a perceived stigma of acquiring debt that is unmanageable, yet unforeseen...
Waiting period required before filing for bankruptcy again
High living expenses in California coupled with a crisis like a job loss or serious health problems sometimes send people into bankruptcy. Although bankruptcy is meant to give people a fresh financial start, the law generally recognizes that people might need to file...
