Claiming bankruptcy in California is the same as in the rest of the U.S. as the Bankruptcy Court follows federal, not state law.  As such, the process to be followed, and the forms to be filled in are the same.  There are, however, a few small differences involving the exemptions and allowances for personal bankruptcy [...]

If you find yourself down on your luck, then you’ve probably considered the possibility of claiming bankruptcy. You are not alone. Every year, thousands of people go through the process of filing for bankruptcy because they have nowhere else to go. Their debts have taken over their lives. If you find yourself similarly situated, fear [...]

Bankruptcy is a term used to describe a situation when an individual or company cannot repay their debts. The individual or company files for bankruptcy to eliminate debt. The type of bankruptcy used depends on the financial situation. Chapter 7 bankruptcy is the liquidation bankruptcy. The debtor’s non-exempt property is liquidated and used to satisfy [...]

If you’ve recently gone through the personal bankruptcy process or even if it’s been several years since your claim was approved, you might be wondering how to secure a personal loan. Many debtors assume that they must wait the full 10 years for their bankruptcy to come off of their credit report before they can [...]