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What is the Statute of Limitations on Medical Debt in California?

In law, the “statute of limitations” is the deadline for bringing a claim or case. If a creditor wishes to sue a debtor in order to collect a debt, such as a medical bill resulting from a surgery or hospital visit, the creditor must sue before the statute...

Can Unmarried Couples File Joint Bankruptcy in California?

According to court records, in 2016 more than 6,300 Chapter 7 bankruptcy cases were filed in the U.S. Bankruptcy Court for the Eastern District of California, Sacramento Division. The same year, just under 2,150 Chapter 13 cases were filed, bringing the total above...

How Does Chapter 11 Affect Shareholders in California?

Chapter 11 is a form of bankruptcy that, though occasionally used by individuals, is more commonly filed by corporations, partnerships, or limited liability companies (LLCs) in California. The major benefit of Chapter 11 over Chapter 7, which can also be filed by...

The 5 Most Common Reasons People File Bankruptcy in Sacramento, CA

Millions of people file for bankruptcy each year in the United States. California is no exception, with nearly 72,000 cases filed statewide in 2016 alone. Over 14,000 of those cases were filed in Sacramento, peaking during March when more than 1,400 cases were filed....

3 of the Most Common Reasons Companies File Chapter 11 in California

There are several types of bankruptcy in California, including Chapter 7 bankruptcy, Chapter 13 bankruptcy, and, as this article will focus on, Chapter 11 bankruptcy. While individuals can file Chapter 11 bankruptcy in rare circumstances, Chapter 11 is more commonly...

How Does Chapter 13 Bankruptcy Affect Your Credit in California?

The two most common types of bankruptcy in California are Chapter 7 bankruptcy, a fast process that involves liquidation of property, and Chapter 13 bankruptcy, a longer procedure where debtors make monthly payments to keep their property while reducing or eliminating...