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 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 […]

Can I Keep My House If I File Bankruptcy?

Can I keep my house if I file Bankruptcy? If you file Chapter 7 Bankruptcy, your Chapter 7 Bankruptcy Trustee will not liquidate your house if there is no net value after the claimed exemption pursuant to the California exemption statutes, amount encumbered by your secured lender, recorded property taxes owed, recorded unavoidable judgment liens, […]