Category Archives: Bankruptcy

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Bankruptcy and Debt Collection Lawsuits

When you have unpaid debts, creditors may resort to pursuing a lawsuit against you to collect. Not all creditors have the option of pursuing this legal remedy, but in many cases, the creditor can obtain a judgment against you that may include wage garnishment. Debt collection lawsuits begin when the collection agency or creditor files……
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Reaffirming Your Car Loan is NOT a Requirement

Despite what you might have been told by your creditors, you may not have to sign a reaffirmation agreement on your car loan in order to avoid repossession or to rebuild your credit score after filing for bankruptcy. In a 2020 Southern California hearing, a debtor said that she was under pressure from Wells Fargo……
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Chapter 7 Bankruptcy and Medical Debt

One of the biggest ways people end up accruing debt is the combination of inadequate health insurance coverage and the constantly increasing cost of healthcare. People find it difficult to meet the financial demands and high costs associated with treatments, surgeries, medications, etc., leaving them facing considerable medical debt. Despite this ever-growing problem, there is……
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How to Choose the Right Bankruptcy for Your Specific Situation

One of the largest differences between Chapter 7 and Chapter 13 protections is that, with Chapter 7, most of your debts are discharged. Under Chapter 13, you get to live in the same way you’ve become accustomed to (for example, keeping your house and vehicles) and you pay back your debt over a longer period……
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What Is Involuntary Bankruptcy?

Bankruptcy is often advertised as an option you can turn to in a tough financial situation. It provides you with a way to discharge some, if not all, of your debt and get you back on track to a sound financial future. In rare situations, an unwilling debtor might get forced into involuntary bankruptcy by……
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