Blog
17
Jul 2023
When to Declare Bankruptcy in Sacramento
The ideal time to file for bankruptcy usually comes after you’ve used up all other alternatives for paying your debts but are still unable to do so. If, for instance, you have significant debts that you’re unable to pay back, are falling behind on...
14
Jul 2023
How 341 Hearings Work in Sacramento
Bankruptcy allows individuals with overwhelming debt to either discharge it or make a reasonable plan to pay the creditors. Declaring bankruptcy in California involves filing a petition with the bankruptcy court, attending hearings, and receiving a...
14
Jul 2023
Can I File for Bankruptcy If I Own a Home in Sacramento ?
The thought of filing for bankruptcy frightens everyone. Bankruptcy (specifically chapter 7) is a legal order allowing the bankruptcy court to seize certain assets because the organization or individual cannot cover outstanding debts. Thus, the first...
14
Jul 2023
What is a Proof of Claim in Bankruptcy?
Bankruptcy is a legal proceeding that allows a person or business in debt to eliminate their debts or find an affordable way to pay their creditors. Filing for bankruptcy grants you an automatic stay, preventing creditors from threatening or demanding...
31
Mar 2023
What Bankruptcy Can and Cannot Do in California
If you are experiencing financial difficulties and are considering declaring bankruptcy, you must understand what bankruptcy will and will not do for you. For debtors, bankruptcy could be a potent tool. It enables you to manage your debts and restart...