If you have filed for Chapter 7 bankruptcy in California, you must attend a Section 341 meeting. The meeting will generally be scheduled within 90 days of petitioning the court to approve your bankruptcy petition. Your bankruptcy trustee will conduct the meeting, and...
Before obtaining a discharge in your Chapter 7 bankruptcy case, you must provide the California judge overseeing your case with a bankruptcy certificate. The certificate is used to verify that you completed a credit counseling session as well as a debtor education...
Divorce is one of the most difficult situations for California residents. However, financial problems can only compound it, which can lead to considering filing for bankruptcy. This is how you can handle Chapter 7 bankruptcy during such a time. Filing for bankruptcy...
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 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....
Nobody wants to think about both bankruptcy and end-of-life planning at the same time, which is understandable. However, you should at least be aware of how the latter can impact the former so that you can be prepared and plan accordingly. Can bankruptcy affect your...
Filing a Chapter 7 bankruptcy in California and around the country became a little more difficult in 2005 when Congress revised the nation's bankruptcy code. To prevent abuses of the financial system and protect lenders from consumer fraud, an income test was...
Tens of thousands of California residents file Chapter 7 bankruptcies each year, and the vast majority of them own cars. Many of them put off filing for bankruptcy because they were worried about their vehicles being seized and sold off to pay their creditors, but...
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...
Anyone considering filing for Chapter 7 bankruptcy is likely dealing with a challenging debt situation. When assets and income cannot come close to paying various obligations, a California debtor may take the means test to see if Chapter 7 is viable. Anyone eligible...