Credit card debt could cause serious financial problems for those unable to repay their obligations. California residents struggling with these liabilities are not alone. Nationwide, borrowers are dealing with a tremendous accumulation of credit card balances. The...
With the cost of living in California, many residents struggle to keep their finances above water. Living with debt is stressful, and every unpaid bill adds to your anxiety. An intentional debt elimination plan can help you work toward a debt-free life. Getting hold...
If you have filed for Chapter 13 bankruptcy in California, you may wonder if paying off the bankruptcy plan is possible in a shorter amount of time. There are only two ways to get out of the mandatory payments early. Pay 100% of all claims The first way to get out of...
It’s natural for Californians who have a lot of debt to feel overwhelmed and unsure of where to turn. Fortunately, there are solutions available that can help alleviate the financial burden. Debt relief offers different routes for you to take. Debt management plan A...
If you are struggling to stay current with your debts, filing for Chapter 13 bankruptcy may be worthwhile. After a California judge receives your petition, an automatic stay of creditor activities will go into effect. In a Chapter 13 proceeding, debts are repaid over...
When Congress revised the nation's bankruptcy law in 2005, they introduced a means test to ensure that only individuals who are unable to pay their creditors are permitted to file Chapter 7 bankruptcies. The means test they came up with has two parts. The first part...
Debts can make like challenging for persons managing financial stress. California residents might wonder if their situation creates insurmountable problems, especially if they cannot reduce their budget further. Some may explore options to deal with the situation,...
Filing for bankruptcy in California can have a significant impact on a person's financial situation, making it difficult to obtain credit and loans. However, it is still possible to get a home loan after bankruptcy, though the process may be more challenging than it...
The burden of credit card debt in California can be stressful and overwhelming, but several options exist to help navigate the situation. Once you understand the different avenues available, you can decide which might work for you. Many people find debt relief through...
Debts may accumulate far beyond where a California resident can cover the balances. Upon exhausting all other options to deal with them, many will explore protections under federal bankruptcy laws. Personal bankruptcy could involve filing for Chapter 7 or Chapter 13....