Kostopoulos Bankruptcy Law

Tag: bankruptcy

Can Personal Loans Be Included in Bankruptcy in California?

Posted on by Kostopoulos Bankruptcy Law

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?”

What Are the Common Mistakes to Avoid When Filing for Bankruptcy in California?

Posted on by Kostopoulos Bankruptcy Law

When declaring bankruptcy in California, the margin for error is slim, and mistakes can derail your financial reset. Understanding and avoiding common ‘bankruptcy mistakes’ can mean the difference between relief and regret. Our guide maps out these pitfalls, offering you actionable steps to confidently maneuver through the process ahead.

Continue reading “What Are the Common Mistakes to Avoid When Filing for Bankruptcy in California?”

How to Avoid Paying a Civil Judgement on Your Credit Report in California

Posted on by Kostopoulos Bankruptcy Law

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”

What Happens If You Cosign a Loan and the Other Person Doesn’t Pay?

Posted on by Kostopoulos Bankruptcy Law

If the primary borrower doesn’t pay a loan in California, you, as the cosigner, become fully responsible for the debt. You may be sued, and your wages or property could be seized to satisfy the outstanding balance.

Continue reading “What Happens If You Cosign a Loan and the Other Person Doesn’t Pay?”

The Pros and Cons of Debt Settlement vs Bankruptcy in California

Posted on by Kostopoulos Bankruptcy Law

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”

How To Stop Wage Garnishment in California

Posted on by Kostopoulos Bankruptcy Law

Facing wage garnishment in California can feel overwhelming and isolating, but it doesn’t have to be an insurmountable challenge. At Kostopoulos Bankruptcy Law, located in Riverside and Oakland, CA, we specialize in helping individuals regain control over their financial situations.

To stop wage garnishment, also called wage attachment, in California, you can file a Claim of Exemption with the levying officer (usually the sheriff) to protect a portion of your wages, negotiate a payment plan with your creditor, or, in more extreme cases, file for bankruptcy, which triggers an automatic stay on all collection actions.

This guide offers a comprehensive overview of how to stop wage garnishment in California, ensuring you possess the necessary knowledge and resources to protect your income and meet your essential needs.

Continue reading “How To Stop Wage Garnishment in California”

Do you have a matter with which our lawyers can help you?

Get a Free, No-obligation Consultation