Most people who file for personal bankruptcy file for either Chapter 7 or Chapter 13. People in California who file for a Chapter 13 bankruptcy are supposed to repay debts over a three- to five-year period. There is an order in which debts must be paid, and while some...
Bankruptcy
Spouses can file for bankruptcy separately
If you are married in California, you do not have to file for bankruptcy jointly with your spouse; there may be situations where it is better for you to file on your own. The best thing to do depends on your debts and your own specific situation. Community property...
What Happens When A Defendant Files for Bankruptcy in The Middle Of Your Civil Lawsuit?
You have filed your civil lawsuit and have begun your legal proceedings in order to obtain damages from defendant; however, now you have been informed that the defendant has filed for bankruptcy, now what? When a defendant files for bankruptcy in the middle of...
Financial Impact COVID-19 will have in the legal field
During these unprecedented times as the bustling world around us comes to a screeching halt what does this mean for the legal system? In response to the spread of the novel coronavirus (“COVID-19”), California Governor Issues a Stay at Home Order to California’s...
How to recover from bankruptcy?
We understand that bankruptcy can be a scary word, however it's not necessarily the case. Bankruptcy can work in your favor if you seek efficient legal counsel. If you choose to use this tool, here are some actions you can consider that can help you reestablish a good...
¿Cómo recuperarse después la bancarrota?
Entendemos que declararse en bancarrota puede sonar difícil y causar temor, sin embargo, esta herramienta puede funcionar a su favor si cuenta con una asesoría legal experimentada. Si decide llevarlo a cabo, aquí algunas acciones que pueden ayudarle a reconstituir su...
Famous people that recovered from bankrupcty
Being rich and famous isn't always as good as it sounds. We investigated an article by Business Insider about celebrities that were broke or filed for bankruptcy at a certain point in their lives. Here are the most notorious ones. 1. Actor Will Smith. Back in 1989 he...
Don’t be scared of bankruptcy
If you find yourself considering bankruptcy, don't look at this as a bad thing. Don't run scared. Instead, you need to face your fears, answer your questions, and decide if now is the best time to file. Common Bankruptcy Fears Once you get moving in the right...
5 Companies that recovered from bankruptcy
Bankruptcy is often the end of a company, but it doesn't have to be in every case. The companies in the list above have re-emerged from bankruptcy to become profitable and successful. As an investor, it is useful to note that bankruptcy isn't always the end of the...
5 Celebrities that faced bankruptcy
Celebrities go broke at a monumental rate for a lot of reasons. Divorce, not paying taxes, and bad investments lead the way (which comes as almost no surprise.) Nobody is safe, either. Celebrities that are loved, ones that are hated, those that seem smart and those...
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