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Bankruptcy Issues

Can I Walk Away from My Inheritance Before Filing for Bankruptcy?

Sometimes receiving an inheritance is amazing. Sometimes it’s a blessing. Sometimes it can even be a downright lifesaver. But then there are times when you feel like it’s the last thing you want! Some who have finally turned to bankruptcy as a solution for their impossible financial situations will be ...
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Assets during bankruptcy

What Counts as an Asset to the Bankruptcy Court?

Some consumes fear filing for bankruptcy because of what they think the will have to give up. We all work hard for what we have. Even if what we have isn’t much, we still don’t want to have to give it up and start over. It makes bankruptcy seem like ...
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bankruptcy after divorce

Bankruptcy After Divorce: Filing in Contempt of the Divorce Decree

When couples get divorced, they receive a divorce decree. The divorce decree is the final decision of the court regarding how affairs will be managed post-divorce. In some divorces there is debt to be divided. In addition to dividing the debt, some decrees will specifically forbid either party from filing ...
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750 credit score

Before I Filed for Bankruptcy I had a 750 Credit Score: Can I Get it Back?

Many bankruptcy petitioners are extremely concerned with their credit score. Some enjoyed the benefits of a fantastic credit score pre-bankruptcy and despair ever getting it back. You may find yourself wondering, “Can I get back the 750 credit score I had before I filed for bankruptcy?” If you do, you ...
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bankruptcy filers

What happens to my home if I file for bankruptcy?

Many worry about their living arrangements post-bankruptcy. What happens to my home if I file for bankruptcy? Will you be able to buy a home in the future if you’ve got a bankruptcy on your record? Will you be approved for long-term lease agreements even though you’ve filed for bankruptcy? Addressing ...
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bankruptcy and HELOCs

HELOC and bankruptcy: Negotiating, Foreclosing or Settling?

If you have questions regarding how filing for bankruptcy will affect your home equity line of credit, meet with an attorney and have HELOC and bankruptcy explained to you before proceeding. When you file for bankruptcy, the trustee reviews your case. If the trustee has no issues with your petition, ...
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bankruptcy and divorce

Bankruptcy and Divorce: When Your Ex Files Without Adhering to the Property Settlement Agreement

So you filed for divorce. During the divorce process, a Property Settlement Agreement (also known as the Marital Settlement Agreement) was created detailing out the division of assets and liabilities. In this agreement, it’s common for the family home to be designated to one of the two parties. When this ...
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awarded a judgment

What Happens to Judgments You Hold When Filing for Bankruptcy?

There is always a lot of discussion regarding judgments and bankruptcy. But in most cases, the discussion is all about how to avoid getting a judgment against you for outstanding debt or how to handle a judgment if it’s already in place, etc. What we don’t talk about very much ...
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Bankruptcy Alternatives

Bankruptcy Eligibility: Do I Make Too Much Money?

If you are worried about whether or not you make too much money to file for bankruptcy, you should make an appointment to discuss it in detail with an experienced California bankruptcy attorney. There are some guidelines that you can consider in order to get an idea of whether or ...
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Bankruptcy Alternatives

Becoming Debt Free: Your Third Step

The third step in becoming debt free is to file for bankruptcy. The fact that they call it “filing” takes away from the excitement of the idea, but it’s a big day for you! Your bankruptcy attorney will file your bankruptcy electronically so it can be submitted anytime 24/7. The ...
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