Sacramento bankruptcy & injury law blog

Stay informed with the James Keenan Law Blog, where you’ll find helpful insights on personal injury law, legal tips, and updates that matter to you. Learn your rights, understand the legal process, and get expert guidance to help you make confident decisions after an accident.

Get Out of Debt

Debt can be crippling. Many in Sacramento are living with debt. And the situation is worsening. But how do you get out of debt? This recent news story offers tips to relieve your debt dilemma. But the options offered presume you have the money to, at minimum, pay down your debt. What do you do when you don't have the income to do that?

Bankruptcy Options

Bankruptcy is an option when you cannot afford the debt you have. Filing bankruptcy allows you to discharge your debt. This means your debt can be eliminated. Typically people who file bankruptcy can retain their property and still get out of debt. There is often nothing to lose. Credit is impacted by filing bankruptcy, but so is debt itself. That's where bankruptcy comes in.

When you have too much debt, something needs to be done. If you don't have the money or resources to get out of debt, the problem can only worsen. Bankruptcy is a way to get out of debt. Bankruptcy offers credit relief to those who cannot afford their debt. If you can pay your debt, even if only a portion of it, bankruptcy law requires you do so. For those

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Fast Financial Fix

Fast financial fix sounds like a catch-phrase for a scam. It can be. But there are options out there that allow you to fix your finances. And they can be fixed fast. Bankruptcy is one such option. And bankruptcy is far from a scam. It is a conservative legal undertaking to eliminate your debt. Normally bankruptcy is a last resort for consumers. But for those in need of a last resort, it is a worthwhile strategy.

Bankruptcy is premised on dealing with debt that can't be afforded. Those filing for bankruptcy know this. That is why they file for bankruptcy. Other financial solutions may not work, or can't be afforded. That's where bankruptcy can come in. Bankruptcy is a fast financial fix, too. Chapter 7 bankruptcy from filing to discharge last a little over three months.

Bankruptcy Eligibility

Not everyone is eligible to file for bankruptcy. There are certain income and asset restrictions. Those who are eligible, though, stand to benefit from bankruptcy law. Normally those seeking bankruptcy relief are eligible for filing bankruptcy. Their income and assets are limited. That is why they need bankruptcy help. Those in need of bankruptcy need a financial fix, a fast financial fix.

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Debt Resolution

Did you make a resolution to begin this year? Do you have debt? Perhaps you should make a debt resolution. If you owe more debt than you can afford to repay, make 2018 a year you do something about it!

There is a lot of new consumer debt, as this NBC news story reflects. More so now, if not soon, than before the Gre

at Recession. Consumer debt, particularly credit card debt, can be crippling. A debt resolution to do something about this is a good idea. But what?

Paying your debt is a great debt resolution, a simple one indeed. But few can afford to do that. That's why people are in debt. They can't afford to get out. Owing more than you can afford to repay is a common consumer issue. Even if you cannot repay your debt, there are other options.

Debt Resolution

Consumers often look to debt consolidation as a debt resolution. But it is rarely that. Typically there are hidden fees and costs associated with debt consolidation. And commonly debt consolidators are associated with or owned by credits card companies. Sometimes "consolidating" your debt winds up channelling more money to some creditors at the expense

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Bankruptcy Protection

Bankruptcy protection is often the point of filing for bankruptcy. Filing bankruptcy allows to an automatic stay. That is a legal buzz word that means you are protected from your creditors when you file for bankruptcy. But protected from what? Well, everything. The bankruptcy automatic stay shields you from your creditors. This includes any efforts creditors could take if you didn't file for bankruptcy. Lawsuits, even if already filed, are stopped. Wage garnishments must be ceased. Also included are levies, liens, foreclosures and even phone calls. All these actions must be stopped by creditors when you file for bankruptcy.

It also does not matter when you file for bankruptcy. Bankruptcy protection kicks in automatically when you file bankruptcy. Hence, the automatic stay. Some believe it is too late to file bankruptcy if you have been sued, have a judgment or your wages are garnished. That is not so. As soon as you file bankruptcy, your creditors are stopped cold. No exceptions. It is a common reason many file for bankruptcy in the first place. This is particularly so with wage garnishments, levies and foreclosure. If facing one of these creditor collection tactics, bankruptcy can stop it. Filing bankruptcy is all

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