When you file for personal bankruptcy, it is considered “public record” in your home state. Information about it can be accessed through a court or other government entity without any formal authorization. In fact, all court proceedings are matters of public record unless a judge orders otherwise; bankruptcy records are rarely sealed unless you can […]
Chapter 13 Article Archives
New Year. No Debt! Is Bankruptcy a Good New Year’s Resolution?
Consumer debt surpassed $4 trillion in December 2018, according to the Federal Reserve. This includes revolving credit card debt, which now stands at over $1 trillion.1 At the end of 2018 alone, more than $41 billion in outstanding credit card balances was added. And, according to data from Experian, the average American has a credit […]
Will Filing For Bankruptcy Stop My Foreclosure?
Facing foreclosure can be one of the more troubling life events of adulthood, but it can happen to even the most financially savvy homeowners. ATTOM Data Solutions released its 2018 Foreclosure Market Report that shows bank repossessions, defaults and foreclosure filings are down 78% since the peak of the crash in 2010. Even though U.S. […]
Can You Keep Your Car During a Bankruptcy?
Can You File Bankruptcy If You Are Unemployed In California?
If you are unemployed and are considering filing for bankruptcy in California, there are considerations that can determine if your bankruptcy filing is successful, or not. Being unemployed means your funds are limited, and filing bankruptcy seems like a sound financial move. But, because some courts may consider unemployment compensation as income, instead of being […]
The Difference Between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
When you are in debt and cannot find a clear way to pay off the debt, bankruptcy may be one solution. However, before filing, you should know the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy. Which chapter of the bankruptcy code you should use will depend largely on your disposable income. The Means […]