Reaffirmation Agreement – Should You Reaffirm Your Auto Loan?
Upon filing a Chapter 7 Bankruptcy, if you have an auto loan, most likely your lender will ask if you want to reaffirm your auto loan. Reaffirmation agreement does not apply to Chapter 13 Bankruptcy. When you reaffirmed a debt, you agreed to be on the hook on the debt as though you never filed […]
“Debt” Trap – Beware of Automobile Title Loans
Avoid automobile title loans. If you have debt problems, you should call Muoi Chea Bankruptcy Attorney with offices in Sacramento, Stockton, Fairfield, California. Auto title loans require you to put up your car as collateral. If you miss a payment or in default, these lenders can repossess your car. Be aware that these lenders can use […]
Beware of Foreclosure Scams; Bankruptcy Attorney in Sacramento, Stockton, Farfield, CA
Desperation from the threat of imminent foreclosure can make homeowners easy targets for scams. Some signs of a scam are guarantees, pressure to act quickly without giving you time to think, or signing over title of your house. The cliche should echo loud as a bell here, "if it sounds too good to be true, it is!" Although […]
Think Twice before you Cash out your 401k Plan, IRA, and other Pension/Retirement Account
When it comes to saving for retirement you should not depend solely on Social Security to provide for you during your retirement. Social Security is going to come under pressure as the baby-boomer generation retires with fewer working-age adults to pay into the Social Security Trust Funds. The US Social Security Administration collects payroll taxes […]
Muoi Chea is an experienced Bankruptcy Attorney in Sacramento, Stockton, and Fairfield, California, providing Chapter 13 Bankruptcy and Chapter 7 Bankruptcy representations in Bankruptcy Courts at Sacramento, CA and Modesto, CA for over a decade. If you are facing foreclosure, wage garnishment, IRS tax levy, car repossession, or creditor's lawsuit or harassment, Muoi Chea is a […]
Get Relief from Wage Garnishment & Bank Levy through Bankruptcy
What is Wage Garnishment & Bank Levy? And Can Bankruptcy Stop Wage Garnishment & Bank Levy? If you owe money and fell behind on payments, your creditors can sue you for the amount owed. Once your creditors received a judgment against you in court, they can attempt to collect on the judgment by recording an […]
Will Creditors Stop Calling Me and Demanding Payment Once I Filed Bankruptcy?
Will creditors stop calling me and demanding payment once I filed Bankruptcy? Upon filing of Bankruptcy, whether it is Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, “Automatic Stay” takes effect. Under the Bankruptcy Code, Automatic Stay prevents creditor from attempting to collect on a debt, which includes calling you to demand payment. However, creditors might […]
Suspended Driver’s License from backed Child Support and Bankruptcy
Can filing for Bankruptcy reinstate my driver’s license that was suspended for backed Child Support? Not only can California county-based child support services department suspend your driver’s license, but also your business license and state issued professional license. The State Licensing Match System is used to match paying parents who owe child support with business, professional, and driver’s licenses. These licenses […]
Multiple Bankruptcy Filing
I previously filed for Bankruptcy, but because of circumstances beyond my controll I need to file Bankruptcy again. Do I qualify for another Bankruptcy Discharge? It depends on what Chapter was your last filed Bankruptcy and whether you received a discharge. Moreover, your bankruptcy filing is in good faith. If you filed for Chapter 7 Bankruptcy and received […]
Can I Remove Judicial Liens from My Home through Bankruptcy?
Can I remove judicial liens from my home through Bankruptcy? When a creditor filed a lawsuit and received a judgment against you, the creditor can levy your bank account, garnish your wages, or record an abstract judgment with your county recorder’s office in hopes that you own real estate in the county. Abstracts of judgment become […]