Blog Posts in 2014

  • How Bankruptcy Affects Divorce

    Posted By San Diego Bankruptcy Pros || 30-May-2014

    If you and your spouse decide to part ways, keep in mind this could affect the divorce proceedings – particularly the property division aspect. If you are filing for bankruptcy, some of your assets may be liquidated and therefore could not be divided in divorce. Because bankruptcy initiates a process known as "automatic stay," all attempts to collect or move your property will be ...
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  • How Bankruptcy Could Be the Solution to Your Foreclosure

    Posted By San Diego Bankruptcy Pros || 16-Apr-2014

    Have you been notified of foreclosure? If you want to keep your home, bankruptcy may be a viable option. As soon as bankruptcy is filed, an automatic stay goes into effect. This automatic stay prevents creditors and collection agencies from attempting to collect debts, including your home debts. Bankruptcy may not be right for everyone trying to protect their home against foreclosure. Before ...
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  • Considering Chapter 7 Bankruptcy? You'll Have to Take the Means Test.

    Posted By San Diego Bankruptcy Pros || 10-Mar-2014

    Chapter 7 bankruptcy is a good option for debtors seeking to completely discharge their debts. Chapter 7 is also known as "liquidation bankruptcy" and effectively gets rid of, rather than reorganizing, the petitioner's debts. Due to the nature of Chapter 7 bankruptcy filings, there are strict qualification standards. To find out if you meet those standards, you will have to take the ...
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  • Bankruptcy Homestead Exemption California

    Posted By San Diego Bankruptcy Pros || 12-Feb-2014

    Knowing about bankruptcy exemptions is important for anyone filing for Chapter 7 bankruptcy. Chapter 7, also known as "liquidation bankruptcy," is the process of discharging debts through the liquidation/sale of certain property to pay off creditors. Not all property is fair game though. The U.S. Bankruptcy Codes shed light on which types of property can be liquidated during Chapter 7 ...
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  • Bankruptcy is More Common than You Think

    Posted By San Diego Bankruptcy Pros || 2-Jan-2014

    For many people, the word "bankruptcy" elicits feelings of fear and uncertainty; for others, the idea of filing a bankruptcy petition is foreign and far-removed. Did you know that approximately 1.5 million people file for bankruptcy every year in the United States? That's more than the entire population of Delaware, and with about 300 million people living in the United States, 1.5 ...
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