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Bay Area California Bankruptcy Law Blog

Are debt collectors harassing you?

On Behalf of Grech Legal | Sep 3, 2018 | Uncategorized

Falling behind on your bills is stressful enough, but when debt collectors start aggressively contacting you, it can be a nightmare. Like many in this situation, you may reach the point where you are afraid to answer your phone, reluctant to leave the house and...

Bankruptcy often a viable tool for dealing with medical debts

On Behalf of Grech Legal | Aug 28, 2018 | Bankruptcy

People in California naturally think about their health when confronted with a cancer diagnosis, but a medical crisis could also trigger financial problems. Ongoing medical bills sometimes coupled with an inability to work could quickly deplete a person's resources. A...

Young people struggling with credit card and student loan debt

On Behalf of Grech Legal | Aug 20, 2018 | Chapter 13 Bankruptcy

According to a survey by Charles Schwab, members of Generation Z in California and elsewhere around the country owe lenders an average of $4,343. That amount increases to $11,663 for those who are between the ages of 21 and 25. In addition to being in debt, roughly...

Older Americans filing for bankruptcy at higher rates

On Behalf of Grech Legal | Aug 13, 2018 | Bankruptcy

A study from the Consumer Bankruptcy Project has found that California residents and other Americans who are 65 and older filed for bankruptcy at a higher rate in 2016 compared to 1991. The rate was more than 200 percent higher for people between the ages of 65 and 74...

Common financial mistakes and possible solutions

On Behalf of Grech Legal | Aug 9, 2018 | Uncategorized

Even if you're someone who loves all things financial and have always kept careful track of your own spending habits, have organized, updated financial records and simply love to create budgets and put them into action, the cost of living in various California regions...

Key mistakes to avoid when in debt

On Behalf of Grech Legal | Aug 6, 2018 | Bankruptcy

Some California residents who are in debt make mistakes that cause their financial situations to go from bad to worse. For instance, an individual may spend money on food or other nonessential items to forget about their plight. However, it is important that an...

Securing business financing after a bankruptcy

On Behalf of Grech Legal | Aug 1, 2018 | Bankruptcy

Some Californians who own businesses might worry that their prior bankruptcy cases may keep them from being able to get approved for business loans. While it might be more difficult to qualify after bankruptcy, it is possible for business owners to find loans that...

Credit card interest payments top $100 billion

On Behalf of Grech Legal | Jul 25, 2018 | Chapter 13 Bankruptcy

Collectively, U.S. consumers, including millions in California, owed $1.03 trillion in revolving debt as of April 2018, and much of that came in the form of credit card balances. There is $687 billion in credit card debt that is held on a monthly basis according to...

Understanding damages available in a stay violation case

On Behalf of Grech Legal | Jul 16, 2018 | Bankruptcy

According to the bankruptcy code, those in California and throughout the country who are injured by the violation of an automatic stay are entitled to compensation. If the violation is willful in nature, a debtor can receive actual and punitive damages in addition to...

If debt is drowning you, rescue is important, not the cause

On Behalf of Grech Legal | Jul 10, 2018 | Bankruptcy

There are few things in the world that are certain. Death and taxes come to mind as being proverbially the surest things in life. Another thing that might rank on the list is the cost of medical care in the United States. As recently as March of this year, a JAMA...

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Matthew Grech is a debt relief agent. He helps people file for bankruptcy relief under the Bankruptcy Code.

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