Chapter 7 Bankruptcy

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 …

Get Relief from Wage Garnishment & Bank Levy through Bankruptcy Read More »

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 …

Will Creditors Stop Calling Me and Demanding Payment Once I Filed Bankruptcy? Read More »

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 …

Suspended Driver’s License from backed Child Support and Bankruptcy Read More »

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 …

Multiple Bankruptcy Filing Read More »

Bankruptcy and Foreclosure

What can Chapter 7 Bankruptcy and Chapter 13 Bankruptcy do for my Foreclosure? Chapter 7 Bankruptcy cannot stop foreclosure.  It can stall foreclosure.  If you receive a Chapter 7 Bankruptcy discharge, you are not personally liable for the debt after they foreclose on the collateral. Chapter 13 Bankruptcy can stop foreclosure as long as you timely …

Bankruptcy and Foreclosure Read More »

If I Operate a Business and I Filed for Bankruptcy, Am I Required to Stop Business Operation?

If I operate a business and I filed for Bankruptcy, am I required to stop business operation? The answer depends on who is filing for bankruptcy. If the bankruptcy filer is a corporation, limited liability company, or partnership, it must stop business operation immediately upon filing Chapter 7 Bankruptcy.  Corporation, limited liability company, and partnership cannot …

If I Operate a Business and I Filed for Bankruptcy, Am I Required to Stop Business Operation? Read More »

Liens and Bankruptcy

What liens can bankruptcy remove? The answer depends of the type of liens and which bankruptcy chapter filed. Judicial liens, aka judgment liens, by credit cards, personal loans, medical bills, or deficiency from car repossession or foreclosure can be removed in either a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy if you meet the conditions. …

Liens and Bankruptcy Read More »

What is the Best Thing About Bankruptcy?

What is the best thing about bankruptcy? The answer to this question will be different for different people.  For some people,  the best thing about bankruptcy is discharge of debts.  Bankruptcy can be a huge relief if you have insurmountable credit card debts, medical bills, unsecured personal loans, deficiency from car repossession or foreclosures, guaranteed …

What is the Best Thing About Bankruptcy? Read More »

What Debts are Discharged in Bankruptcy?

What debts are discharged in bankruptcy? Examples of dischargeable debts in bankruptcy,  whether you file for Chapter 13 Bankruptcy or Chapter 7 Bankruptcy,  are credit cards, medical bills, unsecured personal loans, and deficiency from car repossession or foreclosure. Examples of non dischargeable debts are child support, alimony, recent taxes, debts incurred through fraud, fines, restitution, …

What Debts are Discharged in Bankruptcy? Read More »

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 Stop Wage Garnishment? Read More »