Bankruptcy & Debt

Bankruptcy and debt law covers issues such as foreclosure, loan payments (credit cart debt, student loans, medical bills), repossession, wage garnishment and the declaration of bankruptcy when debts become impossible to manage.

Bankruptcy is the first step a person or business makes towards financial health is debt management. If the debt is too large to overcome, Bankruptcy helps people and businesses who are unable to pay their bills to those they owe. It wipes away much or all of their debt and gives them a fresh start. Chapter 7 and Chapter 13 of U.S. Bankruptcy Code are frequently used for personal bankruptcy and Chapter 11 for business filings. Under Chapter 7, the debtor’s non-exempt property is sold and the proceeds are distributed between the creditors. Under Chapter 13, the debtor keeps the property and a “reorganization plan” is created to pay creditors over the next 3-5 years. It is prudent to obtain legal advice from a bankruptcy attorney or debt specialist before deciding to file for bankruptcy. A bankruptcy filing can stay on your credit report for up to ten years.

  1. Enforcement How to Place a Bank Levy on Online Accounts in California

    How to place a bank levy or "freeze" the online bank account of a debtor and collect money. Steps and detailed explanation of the process in California.
  2. Bankruptcy Bankruptcy Creditors, Claim Priority & Superpriority

    An explanation of how bankruptcy claims are paid, who has priority in being paid first, what is a "superpriority claim" and requirements to file for one.
  3. Chapter 11 Chapter 11 Bankruptcy Reorganization: How It Works

    An introduction to how reorganizing your business under Chapter 11 of the Bankruptcy Code may benefit you. Basic primer on how it works for debtors and creditors.
  4. Chapter 7 Bankruptcy Filing Fees: Chapter 7 & Chapter 13

    Starting an action for bankruptcy in federal Bankruptcy Court usually requires a fee. This is a list of how much it costs, getting the fee waived as well as other filing fees you might encounter.
  5. Chapter 11 Business Bankruptcy Basics: Chapter 11 & Chapter 13

    Understanding business bankruptcy under Chapter 11 and Chapter 13 of Title 11, choosing one over the other, bankruptcy reform and more.
  6. Foreclosure Challenging Foreclosure and Predatory Lending Practices

    Successful strategies to challenge foreclosure on your home, governmental assistance programs that can prevent foreclosure, remedies for predatory lending practices.
  7. Garnishment Garnishment Law: Limits, Exemptions & Defenses

    Garnishment: how it works, a list of exempt property, information about garnishing wages due to back child support & loans, effect of bankruptcy and more.
  8. Bankruptcy How to Avoid Foreclosure on your Home

    Steps you can take to avoid foreclosure and receive additional assistance if needed. Alternative remedies you can obtain from your lender, scams to avoid, recommendations.
  9. Chapter 7 Personal Bankruptcy: Chapter 7 Basics & Exempt Property List

    An introduction to personal bankruptcy or Chapter 7 of the bankruptcy law, including a list of exempt property and non-exempt property and bankruptcy court issues.