Medical debt bankruptcy is filing bankruptcy due to medical bills. It is more common than most might imagine. According to a recent USA Today article, medical debt is the number one cause of filing bankruptcy in America. Sacramento is no different. It is a significant factor in forcing many
Sacramento Bankruptcy & Debt Relief Attorney
Credit Card Debt Forgiveness
Are you in credit card debt? If so, you are not alone. Credit card debt is on the rise, and it is growing. Take a look at this CNBC story to see the rise. Credit card debt forgiveness is also increasing. But how? Why
Too Much Credit Card Debt?
Do you have too much credit card debt? If so, you are not alone. Credit card debt recently surpassed one trillion dollars for US consumers. That's a lot! An ABC news story depicts the deepening American debt load. What, then, to do?
Common bankruptcy myths are many. But they shouldn't deter filing for bankruptcy for those in need. Why? Because they are not true. Bankruptcy is a powerful financial tool for those unable to afford their debts. Your debts can be eliminated or, at the least
Debt or Discharge?
Debt or discharge, that is the question. But what does it mean? Simply put, its a decision. It's a decision whether to live with debt or without it. Discharge is the end result of a bankruptcy. When you file bankruptcy, here in Sacramento or elsewhere, you
Sacramento Bankruptcy Basics
Sacramento bankruptcy basics is a primer post for those considering filing for bankruptcy. Bankruptcy can be a hard decision. A really hard one. But bankruptcy can bring relief. Lots of it. The most basic equation for those thinking of
Can you discharge student loan debt? Maybe. Ordinarily student loans cannot be discharged through bankruptcy. Meaning that student loan debt cannot be eliminated through a bankruptcy filing and discharge. Other types of debt can be discharged, or eliminated, in bankruptcy. But not student loans
Abbey Lee, the reality TV star of "Dance Moms," filed for bankruptcy several years ago. And the Dance Moms bankruptcy did not go well. Why? She didn't disclose all her assets when she filed for bankruptcy. That's bad! Filing bankruptcy provides protection from creditors. It allows you to eliminate
Financial stress is, well, stressful. That is not news to millions of Americans coping with money woes. This Forbes article points out the percentage of Americans who are struggling to make financial ends meet. It is a tough task.
Much of the advice given out to counter financial
Bankruptcy plan. What is it? Bankruptcy is a legal tool that allows you to eliminate your debt. Sometimes all your debt. Sometimes some of your debt. Each bankruptcy filing is different. But the basics for all bankruptcies remain the same. When you can’t repay the debt you owe, what
Sacramento Bankruptcy Statistics
Sacramento bankruptcy statistics have been telling the past decade. Bankruptcy filings peaked in 2010. Over 50,000 bankruptcy filings were reported in Sacramento that year. The bankruptcy court in Sacramento is the United States Bankruptcy Court. It serves the entire
Average Credit Card Debt in America: 2016 Facts & Figures
The following debt statistics outline the median credit card debt in america.
Average Credit Card Debt in America
The mean credit card debt of U.S. households is approximately $5,700, according to most recent data from the
Dischargeable debt. What does that mean? Debt needs no definition. But dischargeable does. Dischargeable debt is debt that can be discharged by law. This means that the debt is eliminated. Normally this is done though the filing of bankruptcy. And once discharged, the debt can no
Medical Bill Relief
Medical bill relief is a much needed commodity for many American consumers. This is especially so for surprise medical bills, as this Fortune Magazine article reports. The reason medical bills can cause such financial chaos is simple. Medical bill are expensive. Really expensive
Wage Garnishment Relief
Wage garnishment relief is a must for those in need. A wage garnishment is the result of an earnings withholding order. It means a creditor can collect what they are owed directly from your paycheck. Without your consent. Often creditors obtain authority to garnish wages
Sacramento Bankruptcy Debt Relief
Sacramento bankruptcy debt relief is needed for many in the region. The economy in Sacramento is better since the great recession. But it is not back. Not even close. Those living and working in Sacramento know this.
Debt, though, is back. Consumer debt has risen far
Bankruptcy discharge is the legal term applied to debt elimination through bankruptcy. Filing for bankruptcy and completion of a bankruptcy case allows filers to receive a discharge. The discharge is an order issued by the bankruptcy court eliminating debt. Here is the he full
Foreclosure relief can come in many ways. Paying you mortgage delinquency is the surest strategy. But those behind on their mortgage rarely have the money to make up the arrearage on their mortgage. That’s why they are in foreclosure in the first place. But there are ways to save
Payday Loan Relief
Payday loan relief is a common concern of those considering bankruptcy. And it should be. Payday loans are some of the most predatory loans out there. Payday loans provide quick cash. They are easy to get. But they come at a cost. A big cost. Typically payday loans charge nearly
Bankruptcy Effect on Lawsuits
Bankruptcy effect on lawsuits is a common question for those considering filing bankruptcy. Particularly so with those who are being sued. Bankruptcy filings invoke what is known as an automatic stay. It is a bankruptcy term meaning you are instantly shielded from your