Monthly Archives: October 2025
The Role of Community Property in Bankruptcy: Protecting Yourself During Divorce in California
Divorce is challenging enough on its own, but when it overlaps with bankruptcy, financial and emotional stress can quickly multiply. California’s community property laws add another layer of complexity that many divorcing couples don’t fully understand until it’s too late. Because California is a community property state, assets and debts are treated differently here… Read More »
Can Bankruptcy Eliminate Spousal Support or Child Support Obligations in California
Financial hardship can make it difficult to keep up with monthly expenses, let alone ongoing child or spousal support payments. Many Californians who file for bankruptcy hope the process will provide relief from overwhelming obligations, but when it comes to family support orders, the law draws a very firm line. Under both federal and… Read More »
How to Remove a Collections Account from Your Credit Report After Seven Years
If you’ve had a debt in collections, you know how damaging it can be to your credit score and overall financial profile. But what happens when that debt is older than seven years? Can it still legally appear on your credit report? And if it does, how do you get it removed? The Fair… Read More »
How Long Does a Collections Account Stay on Your Credit Report?
Dealing with debt is stressful enough, but the lingering consequences of falling behind on payments can continue to affect you long after the bills have been turned over to collections. One of the most common questions people have when trying to repair their financial lives is how long a collections account will remain on… Read More »
What Happens If Your Home Equity Exceeds the Homestead Exemption? Understanding the Risks and Options
For many Californians, a home is more than just a roof overhead; it represents stability, family security, and one of the most valuable financial assets they own. When facing financial struggles such as debt collection or the possibility of bankruptcy, homeowners often take comfort in knowing that California law provides a homestead exemption. This… Read More »
Bankruptcy and Asset Protection in High-Cost California Areas: Why the Homestead Exemption Makes a Huge Difference
Owning a home in Los Angeles is both a point of pride and a major financial commitment. With housing prices among the highest in the country, many residents have built significant equity in their homes simply because property values have climbed so quickly. While this increase in equity may look like a financial blessing,… Read More »