On behalf of Grech Legal | Sep 18, 2020 | Bankruptcy
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...
On behalf of Grech Legal | Jul 30, 2020 | Bankruptcy
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...
On behalf of Grech Legal | Jan 29, 2020 | Bankruptcy
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...
On behalf of Grech Legal | Sep 3, 2019 | Bankruptcy
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...
On behalf of Grech Legal | Aug 28, 2019 | Bankruptcy
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...
On behalf of Grech Legal | Aug 22, 2019 | Bankruptcy
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...
On behalf of Grech Legal | Aug 6, 2019 | Bankruptcy
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...
On behalf of Grech Legal | Aug 2, 2019 | Bankruptcy
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...
On behalf of Grech Legal | Jul 27, 2019 | Bankruptcy
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...
On behalf of Grech Legal | Jul 18, 2019 | Bankruptcy
When the financial crisis was at its peak, almost 1.6 million people in California and the rest of the United States filed for bankruptcy. Almost one decade later, the number of filings is less than 800,000. However, the difference in the number of filings is not an...
