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How Can Automatic Stay Help People Filing For Bankruptcy?

Bankruptcy is a daunting word, especially for those who are facing acute financial problems. Filing for bankruptcy does not come easy for people. However, it is surprising that many people are unaware of the fact that a number of options are available for people that can help you during this process. The automatic stay is one of the biggest arsenals in the kitty for people who file for bankruptcy. However, not much is known about this tool. The automatic stay is a part of all bankruptcy cases and helps stop all creditors and debt collection agencies from taking [...]

2019-05-06T10:14:29+00:00
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Bankruptcy Basics for Federal Bankruptcy Laws

Federal bankruptcy laws and the bankruptcy process in entirety is one of the ways to offer a new lease of life to people who have been struggling to make ends meet and clear their dues. This kind of a situation can come in anyone’s life due to some miscalculated risks and financial decisions. However, it is not the end of the world as bankruptcy laws offer a chance for people to redeem themselves. Basics of bankruptcy include: […]

2021-12-08T06:33:01+00:00
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All You Wanted to Know About Bankruptcy Basis Process

The Bankruptcy Code is a uniform federal law which is used to govern all bankruptcy-related cases. According to U.S. Constitution Article I, Section 8, Congress is authorized to enact “uniform Laws on the subject of Bankruptcies”. The “Bankruptcy Code” (title 11 of United States Code) was thus enacted by the Congress in 1978 and has undergone several amendments since then. The bankruptcy process proceedings are governed by the Bankruptcy Rules (Federal Rules of Bankruptcy Procedure) and local rules of each bankruptcy court. As per bankruptcy rules, a certain set of official forms are to be used in bankruptcy [...]

2023-06-26T06:04:43+00:00
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Auto Calls Bullying You? Here’s What You Can Do

Making a few bad financial decisions, or falling in hard times can cause any person to lose their self-worth. However, just because you are down due to debts, doesn’t mean that you do not have any rights in this situation. According to Sacramento based Recovery Law Group lawyers, protections have been put in place to make sure that you don’t have to deal with unruly and disturbing collection practices made by creditors and collection agencies. The most important protection extends to your mobile phones. […]

2021-12-09T08:03:18+00:00
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Are Debt Collectors Discriminating Against You and Treating You Unfairly?

Things can be really tough for a person if they start having financial issues. Not only do people stop extending support, but your creditors can also turn devilish overnight. Ruthless times require brutality and debt collectors are not behind when it comes to collecting their dues.  They can be very cold-blooded to get hands on the money you owe them. Despite the provision of The Fair Debt Collection Practices Act (FDCPA), enforced by the Federal Trade Commission (FTC), to protect the consumers, some debt collectors will leave no stone unturned to get what is due to them. If [...]

2021-12-09T08:04:12+00:00
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Federal Bankruptcy Exemptions Details

It is not necessary that you lose all your property when you file for bankruptcy. While filing for bankruptcy, it is therefore important that you are aware of the exemptions allowed by the state as well as federal government under various chapters. This is important to salvage as much of your assets as you can. You should know the details to choose the best exemption to save your property. Some states offer you a choice between state and federal bankruptcy exemption, however Sacramento requires you to choose the state exemption only. In case you reside in any other [...]

2019-05-06T09:29:51+00:00
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What is Homestead Exemption Bankruptcy?

Filing for bankruptcy is traumatic and shameful for many people. However, it doesn’t mean that you lose all your belongings when you file for it. Homestead exemption can help protect your home from going under the hammer, if it has more value than what you owe to the debt lender. If you file for bankruptcy under chapter 7, the bankruptcy trustee won’t sell your home if homestead exemption covers entire equity. In case you file under chapter 13, you get to keep your home but have to pay your creditors, as per your repayment plan, an amount equalling [...]

2019-05-06T09:28:57+00:00
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Everything You Wanted to Know About Non-Exempt Property Bankruptcy

Property which isn’t protected in bankruptcy is known as non-exempt property. This doesn’t mean that you will lose everything you own in life when you file for bankruptcy. The entire purpose of bankruptcy filing is to offer a fresh start to people who have had some financial troubles. As per your state’s exemption statutes, you can protect all property listed in it as well as things you will require to maintain a home, such as: Modest amount of equity in car Household fixtures and clothes Tools needed for your profession Your retirement account As per Los Angeles based [...]

2021-12-09T08:09:43+00:00
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Know More About Chapter 7 Bankruptcy Exemptions

Bad financial decisions may lead to economic problems. Filing for bankruptcy under Chapter 7 may provide you relief from your debt collectors. However, in the process you might end up losing some of your property. However, all is not lost as people who file for bankruptcy under chapter 7 are allowed to keep certain full exempt property. Exempt property is protected from creditor’s claims by the law. Some states like Colorado allow property to be exempt only under state law. Exempted property includes a portion of or the entire unpaid wages, household furniture, personal effects and home equity. [...]

2023-01-12T08:38:23+00:00
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Bankruptcy Exemptions: An Overview

Filing for bankruptcy is a last resort for many people struggling immensely with financial issues and non-payment of dues. In this trying time, bankruptcy exemptions play a massive role in both chapter 7 & chapter 13 bankruptcy. While exemptions in chapter 7 bankruptcy help determine how much property can you keep, those in chapter 13 are used to keep your repayment plan payments low. Before delving deeper, it is important to know about bankruptcy exemptions. […]

2019-05-06T09:28:39+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.