affordable bankruptcy Los Angeles

Know Everything about PayDay Loan

The name might be confusing for people who have not faced any financial problems. A payday loan is a short term loan which is due when you get your next paycheque. Most of the times, the loan is taken due to some financial problem causing an unexpected increase in expenses (medical ailments, etc.) It is a difficult time as once you have taken a payday loan, you are continuously living in the terror of harassing debt collectors. You also constantly worry whether you will be able to make essential payments like bills etc., have enough to eat while [...]

2021-12-08T05:27:02+00:00
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Effect of Bankruptcy on Credit

The effect of filing bankruptcy will remain on your record of credit for a period of ten years. But there is nothing to panic, as this statement doesn’t conclude that you will not be able to further get any debts or finances. In effect, the bankruptcy filing will not be the end of your credit journey. A new start to your financial status Eliminating the debts through the filing of a bankruptcy will give you the provision to start afresh and start saving too! Routine household expenses of groceries, clothing needs and automobile needs can now be accomplished [...]

2025-08-21T09:12:43+00:00
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Means Test of Bankruptcy

Before you want to file for bankruptcy, you may be required to take the means test. The means test can help you conclude the type of bankruptcy that you are eligible for – so in case that you pass this test, you can file for a Chapter 7 bankruptcy and if you do not clear this, you are still eligible to file Chapter 13 bankruptcy. The means test has to be calculated precisely so as to know which chapter to file the bankruptcy case against. Typically, there are two types of personal bankruptcies. Chapter 7– In this chapter of bankruptcy, most of the debtor’s assets are liquidated by a bankruptcy [...]

2023-06-27T05:21:16+00:00
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More About Emergency Bankruptcy Filing

The process of filing for bankruptcy usually involves the filling of various forms along with your bankruptcy petition – these forms are mandated by the court. Along with the forms, the debtor needs to gather all supporting information or documentation. This can take up a lot of his time. In cases, where the debtor is really stuck with a crisis situation like the foreclosure of a home or a wage garnishment, then he can file an emergency bankruptcy by filling a few of the needed forms to get the process started. Why an emergency bankruptcy? As soon as you file [...]

2019-05-10T13:31:29+00:00
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Duties of a Bankruptcy Trustee – Chapter 13 Bankruptcy

The notice of appointment of a bankruptcy trustee is sent to the debtor after the filing of bankruptcy has been received by the court. The notice carries the information about the name, address and phone number of the trustee. Moreover, if your trustee needs additional financial information, such as bank statements, and details of tax returns, and cancelled checks, it is intimated to the debtor in this notice along with the date on which these are due. Here’s a detailed description of the duties of a bankruptcy trustee: Administration of the bankruptcy estate– The assets and properties of the debtors are cumulatively [...]

2025-08-21T09:12:10+00:00
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Chapter 13 Bankruptcy in California, Nevada, and Texas

High secured debts such as mortgaging of home or car payment can pose a problem around repayment for some of the citizens. Initially, the bank that has lent the money contacts the debtor regarding the payment updates after it has defaulted for a month or two – the bank resorts to persistent phone calls (low-level adverse proceedings). They can steer towards high-level adverse proceedings such as foreclosure or repossession if the debtor continues to default. The debtor in certain scenarios may just need some extra time as he can facilitate the means to pay the moneylender. Chapter 13 [...]

2025-08-21T09:09:01+00:00
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Do You Need an Attorney While Filing for Bankruptcy?

Troubled financial times may cause people to make rash decisions, which will throw them further into an abyss. For people who are considering bankruptcy as a mean to get out of a bad financial situation, there are two options available. You can either file “pro se” or use a lawyer to file bankruptcy papers. Many people think, that by avoiding hiring a lawyer, they are actually saving money in legal fees. However, if you are not fully aware of the procedure, you might end up sabotaging your case which might worsen your already bad condition. […]

2025-08-21T12:05:01+00:00
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Should You File For Bankruptcy Just After Losing Your Job?

People who have seen a significant change in their income due to a sudden surge in expenses or dip in earnings due to loss of job, often wonder if they should consider bankruptcy as a way out of the financial mess they are in. since conditions do not allow them to make payments against any obligations they have, this is a thought worth your penny. Though you might find it compelling to file for bankruptcy just after losing your job, it’s important that you deeply analyze your situation and come up with the best possible solution to your [...]

2025-08-08T07:08:57+00:00
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