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California Bankruptcy Law Blog

Settling tax debt in California

The California Franchise Tax Board has an Offer in Compromise program available for residents who want to settle tax debt. The program allows residents to offer a lower amount to pay the undisputed final tax liability. The Internal Revenue Service also has an OIC...

The role of a Chapter 7 trustee

If you file for Chapter 7 bankruptcy in California, a trustee will be assigned to your case. This person typically performs a variety of functions that help to ensure that each party's interests are preserved throughout the bankruptcy process. The trustee inventories...

Subchapter 5 for small businesses

A California small business might find itself debt-laden. Subchapter 5 of Chapter 11 bankruptcy could provide a solution for such business owners. Subchapter 5 and small businesses Chapter 11 bankruptcy provides a way for businesses to remain in business during...

What are the different types of bankruptcy?

California individuals and businesses have options when struggling with debt. Bankruptcy is often the best for a financial refresh. Filing for bankruptcy Filing for bankruptcy is a decision that should not come easily. It’s important to first research your options if...

What is a bankruptcy discharge in California?

Filing for bankruptcy can be a complicated process for some California residents. Ultimately, most people filing for bankruptcy are looking for a bankruptcy discharge. This is the court order that frees someone from the obligation to pay back any qualifying debt. What...

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