A concern which often comes up when considering Chapter 7 bankruptcy is that it will affect one’s credit negatively and make it difficult to rebuild credit. If you are considering bankruptcy because you are behind on your credit card or medical bills, chances are your credit report has already been negatively impacted. While filing bankruptcy…
One of the most common misconceptions about bankruptcy is that people think they cannot keep any of their assets if they file for a Chapter 7 Bankruptcy. California law has certain exemptions that allow us to protect your assets in most cases. We will need to evaluate your specific assets on a case-by-case basis in…
Are you struggling to pay off older tax debt? A Chapter 7 bankruptcy may provide you with relief and eliminate your tax debt. While most taxes are usually considered nondischargeable, there are certain criteria which may enable you to discharge your liability on tax debt. The taxes had to have been income-based, due at least…