People who are considering bankruptcy are already in a precarious financial position, so it is understandable that they would seek to reduce the cost of their bankruptcy case as a result. The least expensive choice is to draft your own bankruptcy petition, followed by...
Are your creditors harassing you with phone calls and letters? Are you facing foreclosure, wage garnishment, or repossession? Fortunately, there are ways to stop creditor harassment and protect yourself from these financial woes. In this comprehensive guide, we will...
Taxes are a debt that can really haunt an individual. In many instances, they survive bankruptcy filing, they accrue interest, and Internal Revenue Service and Franchise Tax Board can be aggressive creditors, garnishing your wages, seizing future refunds, and placing...
Most personal bankruptcy cases are relatively straightforward affairs. This is especially true in Chapter 7 bankruptcy, which wipes out all unsecured debt and does not pay creditors. However, things might become a little more challenging if a creditor feels they have...
At Winterbotham Parham Teeple, a PC, we want to help you throughout the whole process of filing for bankruptcy in California, which is why today we want to give you some tips on how you can improve your much-needed credit after filing for bankruptcy. To speak to a...
It is possible to file for bankruptcy without the assistance of a lawyer, and some may advise you to do so if your situation is “simple.” However, there are many pitfalls to consider when considering filing without proper legal counsel. Incomplete forms,...
Unlike ordinary unsecured debt, such as credit card debt, which is easily dischargeable in Chapter 7, most college loans are extremely difficult to discharge. However, in a few cases, petitioning for the discharge of private and/or federal student loan debt is easier....
If you’re drowning in debt, declaring bankruptcy may be your only option. Unfortunately, some people are hesitant to file for bankruptcy because the process may feel overwhelming, especially when they realize they will need to attend not one class, but two! The...
Is It Smart to Take Money Out of Your 401(k) to Avoid Filing for Bankruptcy? People may rush to use all of their resources to make payments when they are confronted with mounting financial problems. It’s important to remember that this isn’t always the...
The short answer is that an “automatic stay” is imposed when you file for bankruptcy. It protects everything you own and prevents creditors from pursuing you for payment. This also applies to your automobile. However, your protection will only be temporary...
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