Bankruptcy In California: Consider The Alternative
March 17, 2023
According to the United States Bankruptcy Court, in the Central District of California there were a total of 57,714 bankruptcy filings in 2021. This includes both personal bankruptcies and business bankruptcies. As of September 2021, California’s total outstanding debt was approximately $295 billion. $10.1 billion was in Tax debt. It is important to note that…
Considering Filing? You Need To Know What Happens When You File Bankruptcy
March 9, 2023
What is Bankruptcy? Thinking about filing bankruptcy? Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. What should to consider when…
Why is Chapter 13 Bankruptcy a Bad Idea?
February 24, 2023
Bankruptcy laws exist for those whose debt has become unmanageable. Whether it’s bad fortune or financial irresponsibility, filing for bankruptcy does provide the opportunity to alleviate the debt. In the United States system, the two most common types of bankruptcy are Chapter 7 and Chapter 13. In Chapter 7 bankruptcy debtors can erase debts with…
Bankruptcy: What Are The Three Main Types?
February 17, 2023
This page is general information, not legal advice. CuraDebt is not a law firm and does not provide legal services. For advice about your situation, consult a licensed bankruptcy attorney. By Eric Pemper, Founder of CuraDebtHelping people resolve unsecured, tax, and business debt since 2001 · BBB A+ accredited Last updated: July 5, 2026 Bankruptcy:…
Pros and Cons of Filing Bankruptcy
February 14, 2023
Bankruptcy can provide relief from debt, but it will affect your credit score and ability to apply for credit. Learn about all the pros and cons of bankruptcy. You may think of bankruptcy as either a disaster or a magic bullet that makes the consequences of bad financial decisions disappear. Unfortunately, it is neither of…
