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Exemptions in Chapter 7 Bankruptcy in California

Exemptions in Chapter 7 Bankruptcy in California

Unfortunately, it has become a common misconception that filing for bankruptcy will cause you to lose all of your property. Very seldom is this actually true. In most cases, the people who file bankruptcy in California – also known as “filers,” “debtors,” or...
Can You File Chapter 7 on Back Taxes in California?

Can You File Chapter 7 on Back Taxes in California?

It’s that time of year again: tax season. While the 2017 tax filing deadline has already passed, thousands of Californians who applied for extensions are still sorting through their financial paperwork. Some of them – perhaps yourself included – are probably wondering...
How Long Does Chapter 7 Bankruptcy Stay on Your Record?

How Long Does Chapter 7 Bankruptcy Stay on Your Record?

Contrary to the pervasive myth that bankruptcy will destroy your credit, bankruptcy can actually provide the much-needed financial relief that, in the long term, allows the filer to begin building good credit once again.  However, while a Chapter 7 or “liquidation”...