Recent Posts in Chapter 7 Category

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Nationwide Bankruptcy Filings Down for 2012

The total number of bankruptcy filings for all federal courts decreased by 14% in 2012, with a total number of 1,261,140 cases filed last year. (Should be noted that this number is for Fiscal Year ...
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Who Is Notified or Able to Know About a Personal Bankruptcy Filing?

Filing for bankruptcy is a very personal thing. Because of the stigma associated with filing for bankruptcy, most people want the process to be as discreet as possible. One of the major concerns is ...
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Do I Really Need an Attorney to File for Bankruptcy?

Many people who are considering filing for bankruptcy are looking for the most cost-effective way to do so. Afterall, a person needing a bankruptcy usually doesn't have a large sum of money that ...
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Can I Lose My Job if I File for Bankruptcy?

Federal law prohibits employers from firing employees simply because they have filed for bankruptcy. Because of this, employers cannot fire someone if the only reason is that they filed for ...
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Gingrich Health-Care Group Files for Bankruptcy

Presidential hopeful Newt Gingrich once ran a healthcare think tank, The Gingrich Group LLC. The well-known group offered advising on various healthcare issues. The Gingrich Group was started by Newt ...
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Are we being counterproductice on the war on drugs(marijuana) in California ?

Are we being counterproductive on the war on on drugs in California? Should Marijuana be legal? Here are some bold facts. In 2011 California spent 9.6 billion on their prison system vs 5.7 billion on ...
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Orange County Bankruptcy Filings Rise in February 2012

For the past month of February there were 1,404 bankruptcy filings in Orange County. This number rose from 1,348 filings in January, despite February being a shorter month. Compared to 2011, February ...
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Which Job Sectors Have the Most Layoffs for 2012?

A report by Challenger, Gray & Christmas stated that there were 51,728 layoffs nationwide in February, down from the 53,486 layoffs reported in January. (This report was mostly for large employers ...
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OC Gas Prices Beginning to Stabilize?

As of this week, the average price of unleaded gas in Orange County is $4.377 for regular (87), $4.475 for mid (89), and $4.571 for premium (91). Last week, prices were $4.375 (87), $4.475 (89) and ...
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What is Personal Bankruptcy?

The general purpose behind bankruptcies is to provide debt relief for individuals and businesses. The difference between a business and a personal bankruptcy lies in whose assets are in question and ...
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Orange County Bankruptcy Filings Decline for January 2012

Bankruptcy filings in Orange County for January 2012 totaled 1,348. This is a 9.8% decline from 1,495 filings for January 2011. Los Angeles County saw a decline of 11.9% and Riverside/San Bernardino ...
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What Happens to Attorney Fees When I File Bankruptcy?

In your lifetime, you may incur debts related to legal services. In other words, you will probably end up owing one attorney a lot of money. So the question is then whether you can discharge attorney ...
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Who Will Know about My Bankruptcy?

The first answer to this question would be your creditors. That is because your creditors are entitled to finding out and will receive notice from the Bankruptcy court. Your employer can also find out ...
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Does Filing for Bankruptcy Affect My Immigration Status or Citizenship Application?

If you are an immigrant who is considering filing for bankruptcy, you may be concerned about how bankruptcy will affect your immigration status in the United States. Fortunately, you don't have ...
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Will Bankruptcy Stop Eviction from Your Apartment?

The answer depends on where your eviction case is at. If your landlord has not taken you to court yet and does not have a "judgment for possession" against you, the landlord cannot proceed ...
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Califorina Leads the Nation in Underemployment

The job outlook in California remains bleak as California is tied with 4 other states for the highest rate of underemployment, which was 21%-24%. Underemployment rates calculate people who are ...
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Can I Get Student Loans after Filing for Bankruptcy?

Yes! You can still get student loans after filing for bankrutpcy. However, whether you will get the financial aid depends on who the lender is. You can still qualify for federal student loans because ...
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Gary Busey Files for Chapter 7 Bankruptcy

Movie actor Gary Busey has recently filed for Chapter 7 bankruptcy. According to his filing, his assets are less than $50,000 and his liabilites are between $500,000-$1,000,000. Some of his creditors ...
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Student Loans and Bankruptcy-Changes on the Horizon?

Student loan debt is at an all-time high, a number that is expected to hit $1 trillion dollars this year (thats $1,000,000,000,000!!!!). With the job market the way it is, many people with high ...
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Foreclosure Relief Settlement- $26 Billion Dollars!

Today the US Attorney General annouced a settlement of $26 billions dollars with Bank of America, Wells Fargo, Chase, Citigroup, and Ally Financial. The settlement is in response to charges against ...
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What happens to my credit after I file for bankruptcy?

After filing for bankruptcy, your credit score is going to take a hit. Rebuilding your credit will also take a few years. It is also true that a bankruptcy can appear on your credit report for up to ...
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Orange County Bankruptcies Fall for 2011

In 2011, the total number of bankruptcy filings for Orange County was 18,372. This number was actually down from 18,863 bankruptcies filed in 2010. Though total filings were down, it should be noted ...
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Can I keep my Tax Refund if I file for Bankruptcy?

Many people who are considering filing for bankruptcy worry about what will happen to their anticipated tax refund. The answer depends on when you received your tax refund-before or after filing for ...
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Will Filing For Bankruptcy Hurt My Chances of Getting An Apartment in the Future?

Many people who are considering filing for bankruptcy worry that they will not be able to rent an apartment if they file for bankruptcy. This is a common misconception about the effects of filing for ...
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What is a discharge in bankruptcy?

A bankruptcy discharge essentially means that you are no longer legally required to pay any of your debts that have been discharged. The discharge is a permanent court order that prohibits the ...
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