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Chapter 13 Bankruptcy

What are the Qualifications for Chapter 13 Bankruptcy?

Chapter 13 is commonly referred to as a “wage earner” or “restructuring” bankruptcy. Debtors are permitted to reorganize their financial obligations, paying some debts through a three to five-month bankruptcy plan and potentially discharging some. While many people are eligible to file a Chapter 13 case, some requirements must be met. A potential filer must be eighteen years or older…

Can I Go On Vacation While In Chapter 13 Bankruptcy In California?

For many California residents, filing for bankruptcy is a lifesaver. When someone eliminates most of their debt through Chapter 7 or reorganizes their debt, while maybe saving their home, by filing for Chapter 13, they remove a significant financial burden. However, bankruptcy is not a “get out of jail” free card. In the case of Chapter 7, a person must…

Will I Lose My Owned Rental Properties if I File for Bankruptcy in California?

People file for bankruptcy for many different reasons in California, under many different circumstances. In some instances, the trustee and court will review a bankruptcy with more scrutiny because the debtor has additional real estate besides their home. If you own investment or rental properties, it might be challenging to protect them in bankruptcy. The Bankruptcy Group wants our clients…

Will I Lose My Real Estate Investments if I File for Bankruptcy in California?

If you decide to file for bankruptcy in California, one of the first choices you will have to make is whether you wish to file for Chapter 7 or Chapter 13. This decision will impact your ability to keep possession of your real estate investments. Typically, if you file for Chapter 7, the bankruptcy trustee will take control of your…

Can You Declare Bankruptcy Without Losing Your House in California?

The recent rough economic times have placed millions of people under financial duress. Dealing with burdensome debt and the stress associated with it can certainly be hard. The situation can get worse when your house is on the line. However, bankruptcy can prove to be your best way to prevent foreclosure and protect your home. Don’t discard the possibility of…

Benefits of Chapter 13 Bankruptcy in California

One of the most effective ways to deal with a challenging financial situation may be filing Chapter 13 bankruptcy in California. Chapter 13 bankruptcy can help people from Roseville, CA manage their debt by creating a repayment plan. At the end of the plan, the remaining debts can be wiped out. In addition, Chapter 13 may provide the chance to…

How to Determine if Chapter 7 or 13 Bankruptcy is Best for You

Bankruptcy may be the best choice for people or businesses who can no longer afford to pay their debts. Bankruptcy allows people to obtain a clean slate by liquidating their assets to pay off debts, or by creating a repayment plan to reorganize and settle their debts. Bankruptcy proceedings are initiated when the debtor files a petition with the bankruptcy…

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