What can I do to Stop Wage Garnishment?
What can I do to stop wage garnishment? Filing for Bankruptcy, whether it is Chapter 7 Bankruptcy of Chapter 13 Bankruptcy, will stop most wage garnishment because Automatic Stay takes into effect upon filing which stops creditors from collection activities. However, automatic stay will not stop wage garnishment for child support or alimony. Domestic support obligation are priority […]
What Can I do to Save My Home from Foreclosure?
What can I do to save my home from foreclosure? One effective way to save your home from foreclosure is to file a Chapter 13 Bankruptcy before the foreclosue date or Trustee Sale date. However, you must be able to afford the Chapter 13 Bankruptcy plan payment for a 3 to 5 year period. The […]
How is My Income Relevant in Bankruptcy?
How is my income relevant in bankruptcy? In a Chapter 7 Bankruptcy, income and expenses are key in determining if you qualify for Chapter 7 Bankruptcy. The Means Test is utilized to determine if your income and expenses fall below a certain threshold to qualify for Chapter 7 Bankruptcy. Keep in mind, expenses must be […]
What does Discharge of Debt Mean in Bankruptcy?
What does discharge of debt mean in bankruptcy? When the Sacramento Bankruptcy Court or Modesto Bankruptcy Court grants you a discharge, it means that your creditors cannot collect your debt from you personally. Once you received a bankruptcy discharge, your creditors have to stop wage garnishment, bank levy, phone calls, threatening letters, lawsuits and other attempts […]
What do I Need to Bring to Sacramento Bankruptcy Attorney Appointment?
What do I need to bring to Sacramento Bankruptcy Attorney appointment? For an in depth Bankruptcy consultation and for Sacramento Bankruptcy Attorney to determine if your Bankruptcy case is a Chapter 13 Bankruptcy or Chapter 7 Bankruptcy case, you should bring 7 months of pay stubs, most recently filed tax return, lawsuits, and general knowledge […]
Ask Stockton Bankruptcy Attorney: How Long does a Stockton Bankruptcy Case Take to Complete?
Ask Stockton Bankruptcy Attorney: How Long does it Take for a Stockton Bankruptcy Case to Complete? If you resides in Stockton, California and file a Chapter 7 Bankruptcy petition in Bankruptcy Court, it usually takes 3 to 4 months to complete from filing to discharge or final decree assuming nothing went wrong in court: for […]
Ask Modesto Bankruptcy Attorney: How Long does a Modesto Bankruptcy Case Take to Complete?
Ask Modesto Bankruptcy Attorney: How Long does it Take for a Modesto Bankruptcy Case to Complete? If you file a Chapter 7 Bankruptcy petition in Modesto Bankruptcy Court, it usually takes 3 to 4 months to complete from filing to discharge or final decree assuming nothing went wrong in court: for example, creditors challenging the […]
Ask Sacramento Bankruptcy Attorney: How Long does a Sacramento Bankruptcy Case Take to Complete?
Ask Sacramento Bankruptcy Attorney: How Long does it Take for a Sacramento Bankruptcy Case to Complete? If you file a Chapter 7 Bankruptcy petition in Sacramento Bankruptcy Court, it usually takes 3 to 4 months to complete from filing to discharge or final decree assuming nothing went wrong in court: for example, creditors challenging the […]
Will Bankruptcy Prevent Me From Obtaining Credit Again to Buy A House or Car?
Will Bankruptcy prevent me from obtaining credit again to buy a house or car? Although bankruptcy filing damages your credit, it does not prevent you from borrowing again. There are several factors lender considers to lend to borrower: how much down payment the borrower proposed to put down, amount of borrower’s income net expenses, and […]
If I File Bankruptcy Without My Spouse, Can Our Creditors Collect From the Non-Filing Spouse?
If I file Bankruptcy without my spouse, can our creditors collect from the non-filing spouse? When only one spouse filed for bankruptcy, the bankruptcy discharge will discharge both the filing spouse and the marital community properties. Community properties are generally property acquired during the time of marriage. Of course, there are always exceptions to the […]