Sometimes, hard work and determination are not enough to keep creditors at bay. Many responsible people due to uncontrollable issues wind up losing their ability to stay current on their financial obligations and pay off/down their debt. Those who find themselves...

You have heard the voices of others as well as the voices inside your head. Debating, debating. You remember the lectures as well as the unsolicited advice from well-intended, but misguided friends and relatives. You are torn as to what to do, but, deep down, you know...

When individuals can no longer keep up with debt payments, Chapter 7 bankruptcy may offer a crucial lifeline and an opportunity to rebuild a financial future. Under this form of bankruptcy, the court values and sells a debtor’s assets to pay creditors, discharging...

Many people do not file for bankruptcy when it would benefit them to do so because of the negative stigma attached to it. Despite what you may have heard, bankruptcy does not mean that you have to sell off all your assets, nor does it ruin your credit forever.  For...

Military veterans in California may find themselves struggling under the crushing weight of excessive debt. This can be especially true for disabled veterans who rely on military pensions and benefits to support themselves. From medical bills to personal needs, costs...

Different types of bankruptcy have different impacts on the credit of the petitioner. In some cases, California residents who file for bankruptcy will have the filing reported on their credit for 10 years; in other cases, it's reported for only 7 years. The two most...

Many older adults in California struggle with financial hardships, and increasing numbers of them are filing for bankruptcy. The Consumer Bankruptcy Project, which collects data about bankruptcy filings, reported that 12% of filers in 2016 were age 65 or older. A...

California residents may want to consider filing for bankruptcy if they are struggling to repay a debt. The type of bankruptcy an individual files for depends on what types of debt they have and what kind of protection the law says that they can seek. A Chapter 7...

Millennials in California and elsewhere in the nation were once known for being careful with credit card debt. However, this doesn't appear to be the case anymore. A survey by a credit card comparison company reveals that two in three young adults have credit card...

Chapter 7 bankruptcy offers a way for debtors in California and other states to return to solvency. However, not everyone will qualify for a liquidation bankruptcy. To qualify, an individual will need to pass the means test. It's important to note that only...