Sacramento Bankruptcy Attorney

What should you do if you’re underwater on your mortgage and you are considering a Chapter 7 or Chapter 13 bankruptcy?  The term “underwater home” refers to houses that have lost so much market value that they are now worth less than the outstanding balance on the home mortgages.  In many cases, a bankruptcy may  Read More

Sacramento Bankruptcy Lawyer serving Galt talks about debt collector tactics versus the protection from an automatic stay of a Chapter 7 or Chapter 13 Bankruptcy. Are debt collectors getting pushier?  More and more say “yes” as a growing percentage of people are facing insurmountable debt problems, often accompanied by overly aggressive collection efforts from debt  Read More

A Nevada economist files for a Chapter 7 bankruptcy?  This unusual news reported in the Las Vegas Sun illustrates the point that financial crisis can catch you off guard.  Even a professional economist who prepares annual budget forecasts for the state of Nevada reports he was surprised to learn that he needed to file for  Read More

Anyone who has completed a Chapter 7 or Chapter 13 bankruptcy knows how increasing expenses can create a financial crisis, which could eventually lead to the necessity of seeking bankruptcy protection.  But just like all those “little things” can predictably add up to a debt crisis, there can be many “little things” that add up  Read More

Ever notice how debt problems seem to build up slowly?  Unless you have a lot of disposable income (money to spend after paying expenses), your debt can go from “smaller than a molehill” to “a mountain of insurmountable debts.”  This is often true if you lose a job or have unexpected medical needs and your  Read More

DMPs can still harm your credit score It seems logical that if you are making an effort to pay off your debts that this could only help your credit score, but this is not always the case.  While just signing up for a DMP in and of itself may not harm your credit score, your  Read More

Who is the average person who files for Chapter 7 or Chapter 13 bankruptcy protection? A lot of people who are considering bankruptcy feel a great deal of shame, guilt, and embarrassment. Some people believe that the stereotypical bankruptcy filer is someone who is lazy and dishonest.  Some people believe that they brought the situation  Read More

Sacramento Bankruptcy Lawyer serving Vallejo discusses the advantages of filing Chapter 7 or Chapter 13 Bankruptcy instead of Debt Management Plan (DMP) – Part Two In my last blog post I discussed how DMPs are not formally legally binding agreements and their long time commitments. DMPs can still harm your credit score It seems logical  Read More

Sacramento Bankruptcy Attorney serving Carmichael discusses the advantages of filing Chapter 7 or Chapter 13 Bankruptcy instead of Debt Management Plan (DMP). There are numerous reasons why people are reluctant to file for bankruptcy protection.  They worry about the impact on their credit, they worry about the judgment of others, and many people have heard  Read More

When you are overwhelmed about debt, any chance at relief may seem like a good idea.  At a certain point, many creditors may decide that getting something is better than nothing, and offer to cancel a portion of your debt.  What are the downsides, if any, to Cancellation of Debt, aka Debt Forgiveness? What is  Read More