Bankruptcy Blog

  • Follow us on social media!

    || 29-Apr-2016

    Stay in touch with The Bankruptcy Law Firm for the latest news on the firm and bankruptcy laws. Connect with Us Online Google+ Avvo Facebook FourSquare Justia Lawyer Central LinkedIn Twitter Yelp FavStar Pinterest Storify LookUpPage MuckRack BlogSpot Tumblr WordPress Flickr
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  • How can I stop wage garnishment?

    || 24-Nov-2015

    If you are facing wage garnishment from a creditor, The Bankruptcy Law Firm wants to help you learn how to put an end to the financial strain and embarrassment it might be causing. Wage garnishment means that your employer is withholding a certain amount of your paycheck and providing the funds to a creditor to whom you owe a debt. How can you stop wage garnishment in California and find relief ...
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  • Student Loans & Bankruptcy

    || 25-Aug-2015

    In general, you cannot have your student loan debt discharged by means of a chapter 7 or Chapter 13 bankruptcy. You would need to prove that repaying your student loans would cause you undue hardship to have them eliminated. What precisely constitutes undue hardship varies from court to court. The burden of proof lies with you for demonstrating you cannot feasibly repay your loans. What is known ...
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  • Can I file Bankruptcy while in the Military?

    || 21-May-2015

    Those in the military have the same right as any to file for bankruptcy relief and actually enjoy certain benefits over civilian debtors. On the other hand, filing for bankruptcy can also affect your security clearance in some situations. Service members are offered federal protection in civil actions thanks to the Service-member’s Civil Relief Act, or SCRA. This act allows courts the right ...
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  • Can I Buy a Vehicle After Filing for Chapter 13 Bankruptcy?

    || 12-Feb-2015

    After filing for bankruptcy, it almost feels like all big purchases are off limits. After all, your finances just underwent an intense amount of scrutiny and passed through the ringer, so to speak. While bankruptcy can make it more difficult to purchase items such as a car or a home, it's certainly not impossible. Chapter 13 bankruptcy is unique in that you commit to a repayment plan. The ...
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  • How Fast Does Bankruptcy Work?

    || 29-Jan-2015

    Once you've made the decision to file for bankruptcy, it is common to just want to get the entire process over with. But with so many varying opinions, is there any way to know how long it actually takes? There's no doubt that every case is different and the timeframes vary from person to person. Regardless, the following information can at least give you the barebones of what to expect ...
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  • Liquidation vs. Adjustment: How Chapter 13 & Chapter 7 Bankruptcy Differ

    || 10-Oct-2014

    Filing for bankruptcy is a serious step. Before you make the decision, you should know what option is best for you. By understanding the differences between Chapter 7 and Chapter 13, you can make an informed choice before filing for bankruptcy. Not only does the chapter you select influence your immediate financial situation, but it can also effect you in the future. For this reason, it is helpful ...
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  • Is Chapter 7 Right for You?

    || 31-May-2014

    Chapter 7 bankruptcy can serve as a powerful tool for getting debt discharged and for paving the way for a healthier financial future. However, it is important to note that this type of bankruptcy might not be the right solution for everyone. While there are many benefits to Chapter 7 bankruptcy, there are also many risks that need to be considered. Due to this fact, it is vital that you seek ...
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  • What Type of Debt Can Be Discharged Through Bankruptcy?

    || 28-Mar-2014

    If you have found yourself struggling under a mountain of debt and are unable to keep up with your financial obligations, you may be wondering whether bankruptcy is right for you. Our firm has represented clients in more than 6,000 bankruptcy filings and we have helped countless individuals in and around the San Francisco become debt free. The Debt Education and Certification Foundation (DECAF) ...
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  • The Most Common Reasons to File for Bankruptcy | California Bankruptcy Blog

    || 20-Mar-2014

    If you are wondering whether bankruptcy may be right for you, we advise you discuss the matter with a certified bankruptcy specialist. The Bankruptcy Law Firm is one of only a few San Francisco law firms that have a bankruptcy specialist on their legal team who has been certified by the American Board of Certification. Having represented clients in more than 6,000 bankruptcy cases, we have the ...
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  • Bankruptcy Exemptions in the State of California

    || 10-Mar-2014

    Each state has its own laws that dictate the exemptions an individual can claim when filing for bankruptcy. The state of California requires that any individual who wishes to claim certain property and assets as exempt from his or her bankruptcy proceeding, must use the exemptions afforded by state laws. The federal exemptions found in the U.S. bankruptcy code cannot be used here in our state. In ...
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  • Overview on Debt Settlement

    || 14-Dec-2013

    There is no question that the emotional and psychological effects of debt can be devastating and impact numerous aspects of a debtor's life. Debt can affect your ability to have a nice dinner with friends to your ability to go on a much needed vacation or pay for everyday living expenses. Having too much debt can take the joy out of living. Given the economic downturn that has impacted ...
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  • The Bankruptcy Means Test

    || 11-Dec-2013

    Section 707(b)(2) of the Bankruptcy Code applies what is called a "means test" to determine whether a debtor's filing of a Chapter 7 would be presumed an abuse of the Bankruptcy Code, thereby requiring a conversion of the case to a Chapter 13. Essentially, the "means test" was created to determine whether a debtor's income is low enough to qualify for a Chapter 7 ...
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  • Welcome to Our Bankruptcy Blog for Oakland!

    || 27-Sep-2013

    Are you facing a financial hardship? Do you feel overwhelmed by debt? If so, working with Kostopoulos Law Group — The Bankruptcy Law Firm can help! Our team is comprised of caring, experienced and understanding legal professionals who stand ready to ensure that you receive a favorable outcome for your case. We have 10 years of experience handling a variety of bankruptcy-related issues and we ...
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.