Pro’s and Con’s of Debt Settlement

Pro’s and Con’s of Debt Settlement

Debt settlement can help you pay off large amounts of debt. It requires making a lump-sum payment to a debt settlement company, or depositing money each month into an escrow account until there’s enough for it to negotiate with the creditor. This often means paying less than your outstanding balance. While this strategy can work […]

Can I Afford a Bankruptcy Lawyer?

Can I Afford a Bankruptcy Lawyer

Filing for bankruptcy is an option if you’re experiencing financial hardship and drowning in debt. However, the process itself can be costly when you consider filing fees and attorneys’ fees. Just what can you expect to pay a bankruptcy lawyer? There are different factors to consider. While filing fees are the same across the U.S., […]

Should I Hire a Wage Garnishment Lawyer in California?

Should I Hire a Wage Garnishment Lawyer in California

If you owe money to a creditor, they can get a court order to collect it, often through wage garnishment. A creditor authorized to garnish wages will take a portion of what you earn, possibly leaving little left to spend. However, you can stop this from happening by hiring a wage garnishment lawyer. Reasons for […]

How do Gifts and Loans Affect Bankruptcy?

money received after filing chapter 7

Bankruptcy is not an option to be taken lightly, but it is a reality for many Americans and business owners. If you find yourself on the precipice of bankruptcy or have already started the process of filing for bankruptcy, you may be curious about how gifts and loans affect your bankruptcy case.  In a nutshell, […]

OakTree Law’s Legal Glossary

Whether on your own or with an attorney, bankruptcy can be challenging. Don’t let legalese get you down, OakTree’s Legal Glossary is here to clarify and dispell any questions you may have about the legal terms you may encounter during the legal process. A B C D E F G H I J K  L […]

What Is a Chapter 13 Hardship Discharge?

Chapter 13 Bankruptcy Hardship Discharge

Chapter 13 bankruptcy, or the wage earner’s plan, is not typically associated with a discharge of debt. Its foundation is a three- to five-year repayment plan that lets you pay out past due balances. You don’t need to surrender property while paying your debts and rebuilding your finances. But it is possible to ask for […]

Can I Travel While Filing for Bankruptcy?

Can I Travel While Filing for Bankruptcy

There are lots of activities that financial advisors and attorneys warn against while filing for bankruptcy. For example, you don’t want to pay back any personal loans in the 90 days leading up to your bankruptcy petition. Charging up your credit cards can be considered fraud in some cases. Your bankruptcy case can be dismissed […]

California Statute of Limitations on Debt

California Statute of Limitations on Debt

What if you can order your medications online at otc online pharmacy California’s statute of limitations on debt is 4 years, per the state’s Code of Civil Procedure § 337. A statute of limitations is the amount of time you have to take legal action. In the case of debt, it refers to how […]