Kostopoulos Bankruptcy Law

Tag: debt discharge

Can Personal Loans Be Included in Bankruptcy in California?

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Yes, personal loans can be included in bankruptcy in California, and they are usually dischargeable. This includes personal loans from banks, credit unions, friends, family, or employers. Unsecured personal loans, which are loans not backed by collateral, are eligible for discharge in both Chapter 7 and Chapter 13 bankruptcies.

Filing bankruptcy in California involves understanding the types of debt dischargeable, assets and exemptions, eligibility criteria, credit impact, costs, legal procedures, and the role of a bankruptcy lawyer in guiding individuals through the process.

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Federal Law Allows California Student Loan Debt Discharge

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Embarking on the journey to secure a student loan debt discharge is a crucial step towards achieving financial liberation. This guide provides answers to your essential questions about obtaining relief, guides you through the application process, and helps you grasp the potential effects on your financial health. It also equips you with a deeper understanding of the various relief options available to you.

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Can Bankruptcy Help Eliminate Medical Bills in California?

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Yes, both Chapter 7 and Chapter 13 bankruptcy in California can potentially eliminate medical bills, providing relief from overwhelming medical debt.

Are you confronted with medical bill collections in California? Understanding your options is critical. This article lays out your rights within California’s collection laws, examines how bankruptcy might offer relief, and suggests measures to manage medical debt before it escalates. With an overview of both Chapter 7 and Chapter 13 bankruptcy solutions, you’ll gain crucial insights to help you make informed decisions about your financial future without succumbing to the pressures of medical bill collections.

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Bankruptcy Exemptions in the State of California

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California’s unique approach to bankruptcy allows residents to choose state-specific exemptions instead of federal ones. The California bankruptcy exemption system offers two sets of exemptions that play a crucial role in protecting your assets during the bankruptcy process.

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