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The Rising Cost of Living in Orange County and Its Impact on Consumer Debt

Residents of Orange County, including people in Anaheim, are face substantially higher cost-of-living expenses and the average household.  According to an analysis of home costs, utility expenses and grocery costs, the Read More

Meeting the “Best Interests of the Creditor” Test for Chapter 13

Chapter 13 bankruptcy offers individuals a pathway to regain control over their finances by creating a court-approved repayment plan that lasts from three to five years. Unlike Chapter 7, where Read More

How the Increased California Bankruptcy Exemptions Affect Debtors

In bankruptcy, “exemptions” are a crucial protection for individuals trying to achieve a financial fresh start. These laws enable debtors to keep certain property — such as a portion of Read More

U.S. Bankruptcy Filings Surge in 2025 — What Californians Need to Know

In 2025, consumer bankruptcy filings across the United States climbed at a pace not seen in over a decade. California, with its dynamic economy and sky-high cost of living, is Read More

What Are Your Remedies for Automatic Stay Violations by Creditors?

The automatic stay is one of the most critical protections provided to debtors who file for bankruptcy under the United States Bankruptcy Code. As soon as a bankruptcy petition is Read More

How Long Does a Chapter 7 Bankruptcy Usually Take?

A Chapter 7 bankruptcy provides a “fresh start” — an opportunity for individuals to wipe out most unsecured debts and move forward. One of the common questions raised by debtors Read More

How the Higher Chapter 13 Bankruptcy Debt Ceilings Help Consumers

As of April 1, 2025, the eligibility thresholds have been raised for Chapter 13, a form of bankruptcy in which individuals repay a portion of their outstanding debts over time Read More

Bankruptcy and Divorce: Which Should Come First?

Marital problems and financial difficulties often go hand-in-hand. It’s not uncommon for couples to be considering both bankruptcy and divorce at the same time. That raises the question of which Read More

Calculating a Chapter 13 Plan’s Monthly Payments and Duration

A Chapter 13 bankruptcy plan is a court-approved schedule that allows individuals with regular income to repay a portion of their outstanding debts over a period of time, typically three Read More

What Factors Can Disqualify You From Bankruptcy Relief?

While bankruptcy is a valuable tool for individuals overwhelmed by debt, not everyone qualifies. The specific requirements depend on the type of bankruptcy being considered—primarily Chapter 7 or Chapter 13, Read More

What a Debtor Can Do to Stave Off Creditors’ Objections to Discharge

Chapter 7 bankruptcy is designed to give debtors a fresh start by discharging — that is, cancelling — their debts. However, this process can be frustrated if a creditor brings Read More

Asset Transfers Prior to Bankruptcy Filing May Be Set Aside as Fraudulent

In a bankruptcy case, the court-appointed trustee plays an important role in managing and resolving the debtor's financial affairs. Part of this function is to find all assets that should Read More

Why U.S. Bankruptcy Filings Rose Dramatically in 2024

Bankruptcy filings experienced a significant surge in 2024, marking a major uptick from the previous year, according to a recent report from the U.S. Courts. This rise in bankruptcy cases Read More

What to Know About the Creditors’ Meeting in Your Bankruptcy Case

Creditors' meetings are required in all Chapter 7 bankruptcy cases. They are designed to give the bankruptcy trustee and potentially the creditors an opportunity to gather information about the debtor's Read More

Dealing With the Reduced Debt Limits for Chapter 13 and Subchapter V

June 21, 2024 saw the expiration of the increased debt limits for Chapter 13 bankruptcy, marking a significant shift for individuals seeking financial relief through bankruptcy. These temporary changes, enacted Read More

Pros and Cons of Debt Consolidation vs. Bankruptcy

For people who are besieged with heavy bills, debt consolidation might seem like an attractive option. It allows for combining multiple high-interest loans or credit card balances into a single, Read More

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