BLOG

There are many unappealing aspects of being in debt. As if the stress of being in dire financial straits wasn’t enough, having to deal with harassment from creditors makes an already bad situation that much worse. You need to understand that you have rights. When you start working with an experienced bankruptcy lawyer, you can stand up to your creditors, come up with a long-term plan, and stop living in fear.

Everyone makes mistakes. In 2021, nearly 40,000 Californians filed for bankruptcy. The reality is that many people will experience financial hardship. When you are facing deep debt, filing for bankruptcy can seem like the only way out. “Bankruptcy” may be a scary word to most because they associate it with the embarrassment of financial failure and the fear of losing all of their possessions.

Billing errors on your debit or credit card statements may include unauthorized charges, misapplied payments, charges for services or goods you haven't received, or vague transaction descriptions. If you make use of a credit or debit card, you are likely to find a billing error on your statement once in a while.

Both state and federal initiatives during the onset of the COVID-19 pandemic allowed homeowners to delay their mortgage payments or otherwise rearrange their payment amounts or due dates. Those programs are now winding down, and property owners are pretty much back on a normal payment schedule.

According to the United States Bankruptcy Court for the Southern District of California, there were a total of 6,293 bankruptcy filings in 2020, including all Chapter 7, Chapter 13, and Chapter 11 filings. If your financial situation has changed dramatically, bankruptcy may be the right option for you.

When a person is in crippling debt, they may be experiencing a deep fear, worried that there is nowhere to turn. In 2019, according to statistics released by the Administrative Office of the U.S. Courts, 774,940 people filed for bankruptcy. There is a certain stigma attached to filing for bankruptcy, but truthfully, bankruptcy can happen even to those who are prudent and financially responsible.

The coronavirus pandemic has impacted the physical, emotional, and financial health of countless individuals across the country. Many were laid off while others were furloughed or forced to take salary reductions. It’s been a challenging time that has put many people in difficult financial situations.

You may have debt that you have fallen behind on and are being harassed by creditors. What are your options to make the seemingly endless bill collector calls and letters stop? Getting legal help could be the first step.

Probate proceedings can take months — oftentimes longer than a year — and can be costly and emotionally draining for the family and loved ones left behind to deal with probate proceedings. However, probate can be avoided altogether with proper estate planning.

When experiencing financial hardship or overwhelmed with debts, filing for bankruptcy may be one of the more promising options to remedy your financial situation and obtain debt relief. If you're thinking about filing for bankruptcy or if you are worried about what life post-bankruptcy looks like, consulting with an experienced California bankruptcy attorney is important for proper guidance.