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Bankruptcy Law Blog

How Much Does Filing for Bankruptcy Affect Your Credit Score?

When you file for bankruptcy, your credit score will most likely decrease. You could see a decline of anywhere between 50 to 200 points depending on what your score was before filing. However, it is crucial to remember that this is usually only a short-term impact. If...

How Long Does Bankruptcy Take to File?

One of the many questions people have when they first talk with a bankruptcy attorney is, “how long will it take for me to file?” The answer, like many other answers concerning bankruptcy, is, “it depends.” Many factors should be carefully...

What’s the Difference Between Default and Bankruptcy in California?

Different events impact your credit score. If you default on an account or file for bankruptcy, you will see your credit score take a hit. However, that is where the similarities end. Defaulting occurs when you fall behind on a required payment, such as a car loan or...

Can You Refinance a Mortgage After Bankruptcy in California?

After emerging from bankruptcy, you might want to begin putting your finances in order. One way homeowners reduce their monthly mortgage payments is by refinancing to take advantage of lower interest rates. While it is possible to refinance your mortgage after a...

Is There a Minimum of Debt in Order to File for Bankruptcy?

Debt is a personal thing. The amount of debt that is manageable for one person is overwhelming for another. While there is no minimum amount of debt necessary to file for bankruptcy, there are other important factors to consider to determine if filing for bankruptcy...

How Late Can Your Car Payment be Before it Gets Repossessed?

If you have missed car payment or two, you are probably losing sleep each night, wondering what day you are going to wake up and find your car repossessed. Every day you find your vehicle untouched feels like a reprieve. One question you might have, is when can a...