If you’re struggling with debt, you may be wondering: What debts can I file bankruptcy on in California?
In California, bankruptcy can eliminate debts like credit card balances, medical bills, personal loans, utility bills, and certain car loans. However, obligations such as child support, most student loans, and some taxes typically cannot be discharged.
Continue reading “What Debts Can I File Bankruptcy on in California?”
Cosigning a loan can be a helpful way to assist a friend or family member in securing financing. But what happens if you cosign a loan and the other person doesn’t pay?
Failing to pay a cosigned loan on time harms both parties. The lender reports late payments to credit bureaus, lowering both credit scores. The cosigner must cover missed payments and may face collection actions or legal consequences. This can damage relationships and impact future loan approvals.
With decades of experience helping individuals understand their financial obligations, I’ve seen firsthand how cosigning can lead to unexpected financial burdens. Let’s examine the risks, consequences, and steps you can take to protect yourself.
Continue reading “What Happens If You Cosign a Loan and the Other Person Doesn’t Pay?”
Medical debt is a concern for many Californians, especially when understanding how long creditors have to take legal action. You might be wondering: What is the statute of limitations on medical debt in California?
In California, the statute of limitations on medical debt is four years under CCP § 337. This period begins from the date of the last payment or the last service rendered, as extended by CCP § 360 in some cases. After this time, creditors cannot sue to collect the debt.
Continue reading “What is a California Statute of Limitations on Medical Debt?”
Facing overwhelming debt can be stressful, and many Californians wonder if professional help is worth it. You might be asking: Should I hire an attorney for debt settlement in California?
Hiring an attorney for debt settlement in California can significantly improve your outcome. Experienced lawyers use their knowledge of debt laws and negotiation skills to secure better settlements, often reducing your debt to a fraction of what you owe.
Continue reading “Should I Hire an Attorney for Debt Settlement in California?”
Feeling overwhelmed by debt? You’re not alone. Many Californians find themselves struggling to keep up with mounting financial obligations. Debt settlement might be a viable option, but understanding the expenses involved is crucial. The cost of a debt settlement lawyer in California typically ranges from $125 to $350 per hour. However, fee structures can vary based upon:
Continue reading “How Much Does a Debt Settlement Lawyer Cost in California?”
Yes, personal loans can be included in bankruptcy in California, and they are usually dischargeable. This includes personal loans from banks, credit unions, friends, family, or employers. Unsecured personal loans, which are loans not backed by collateral, are eligible for discharge in both Chapter 7 and Chapter 13 bankruptcies.
Filing bankruptcy in California involves understanding the types of debt dischargeable, assets and exemptions, eligibility criteria, credit impact, costs, legal procedures, and the role of a bankruptcy lawyer in guiding individuals through the process.
Continue reading “Can Personal Loans Be Included in Bankruptcy in California?”
Struggling with a judgment on your public record could leave you wondering how to maneuver around its removal. In this clear-cut guide, we’ll unpack the specific steps for how to remove a judgment from public record in California, offering practical solutions to help you move forward. Ready to clear your name and restore your financial reputation? Let’s dive in.
Continue reading “How to Avoid Paying a Civil Judgement on Your Credit Report in California”
Are you a California resident drowning in debt? You’re not alone. In the Golden State, where the cost of living often outpaces income growth, many find themselves struggling with overwhelming financial obligations. Whether you’re in the bustling tech hub of San Francisco, the entertainment capital of Los Angeles, or anywhere in between, understanding your debt relief options is crucial.
Continue reading “The Pros and Cons of Debt Settlement vs Bankruptcy in California”
Alternatives to bankruptcy in California include debt consolidation loans, debt management plans, credit counseling, negotiating directly with creditors, and exploring legal options like loan modifications or settlements.
When you are struggling under the weight of crushing debt, it is smart to consider every possible option to get control over your finances. You have already tried to stay current by making minimum payments, but you were unable to make a dent in the balance after paying interest and fees. There may come a point that you need to look at legal remedies, and bankruptcy is a solution. However, many debtors in your position will also want to know about the alternatives to bankruptcy in California.
Continue reading “What Are the Alternatives to Bankruptcy in California?”
Debt can get out of hand before you realize it, leaving you struggling to pay bills and fearing legal action from creditors. Despite efforts to make payments and cutting your budget, you may be unable to stay on top of your finances. Unfortunately, the more you fall behind, the more the fees add up. You may have already considered some options for getting out of debt without court, but these are not always the best fit for your situation. Bankruptcy in Michigan may be a wise solution, since it eliminates qualifying debt. One of the first questions for many filers is timing and how long it takes to get a discharge in Detroit.
Continue reading “How Long Does It Take To Get a Discharge in Michigan?”
