The means test is one of the first things that your attorney needs to prepare in order to file a consumer bankruptcy. The results of this process will tell you whether you qualify to file a Chapter 7. And it will tell you what your monthly payments would be if you were to file a [...]
Douglas Jacobs, California Bankruptcy Attorney
If you are behind in the mortgage payment on your home, there are several things you can do. One way to stop a foreclosure is to file bankruptcy. Once filed, there is an automatic stay that goes into effect that keeps anyone from taking your property, including your home. In a chapter 7 bankruptcy, however, [...]
When you file bankruptcy, regardless of which chapter, you must list all of your debts and all of your assets. Bankruptcy law requires you to list both and you are signing the petition under penalty of perjury that you have listed everything. If you don’t list all of your assets, lots of bad things can [...]
Does bankruptcy require qualification ? I hear that often in my consultations with consumers who are looking for some relief from their debts. The easy answer is “yes;” almost everyone in is entitled to some kind of bankruptcy relief. Most often, the question arises because of horror stories the client has heard about not being [...]
There is no “cure” for a foreclosure of your home, but bankruptcy can certainly help. If you haven’t lost your house yet, but are behind in the payments, go talk to a competent bankruptcy attorney as quickly as you can. There might be a way to save the home in a Chapter 13 . If, [...]
