Following the loss of a loved one, family members and close friends may face a long period of grieving. The need to distribute the deceased person’s estate often adds to feelings of anxiety and uncertainty. In most cases, assets must pass through the court in a...
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Role of the bankruptcy trustee in Chapter 7
Filing for bankruptcy may not be what you envisioned. However, it can be an effective avenue out of debt for you. To successfully file for Chapter 7 bankruptcy, you need to ensure that you have all the relevant documents at hand. Upon receiving your case, the court...
Can you retain your Silicon Valley home in bankruptcy?
Bankruptcy is often a last result for California homeowners strapped under heaps of debt. Owning a home takes a Herculean effort for many owners as they strive to collect the money for a down payment, insurance and other related costs. However, life changes, and you...
Why fewer California debtors are filing for bankruptcy
According to the chief justice of the U.S. Supreme Court, bankruptcy filings are at their lowest in roughly 10 years. In 2010, there were 1.53 million cases filed throughout the country. This was compared to just over 770,000 cases filed as of September 2018. However,...
National health care costs lead many to crowdfunding options
Do you or someone in your family have a current medical need? Perhaps, your finances were stable until you or a loved one experienced adverse health symptoms. Repeated medical visits or surgery can throw finances out of whack, even if you have health care...
Understanding how high levels of debt might affect your future
There may be few things in life as stressful and daunting as dealing with overwhelming financial obligations. If you know how it feels to struggle under the weight of debt, you may wish to gain a better understanding of your available options for relief, but deciding...
Is California headed for economic collapse?
Whether you live in San Jose, Redwood City or another California location, you can likely relate to a fluctuating economy that has an impact on your personal finances. Depending on the unique circumstances of your lifestyle, such as whether you're married, have...
Determining whether Chapter 7 or Chapter 13 best fits your needs
Your credit card balance is out of hand. You have medical bills rolling in from the surgery your spouse had last year. Your boss informed you that the company is doing away with bonuses, which, in your case, amounts to a significant portion of income. One of your kids...
Are you losing a portion of your wages to garnishment?
Owing a significant amount of debt can lead to stress and complications in various areas of your life. One common result of falling behind on your payments is that creditors and debt collectors will work diligently to try to collect on these past-due balances. One way...
Protect your rights regarding personal debt collections
You might currently owe more than one lender money. It is not uncommon, nowadays, for California residents to have multiple loans out at once. Perhaps you have a mortgage, a car loan and credit card debt. If you run into financial trouble, it can be quite challenging...