Category Archives: Bankruptcy
Is It Possible to Buy a Home During Chapter 13 Bankruptcy?
If you’re navigating the complexities of Chapter 13 bankruptcy, you might wonder if it’s possible to achieve major financial milestones, like buying a new home, during this period. It’s a common misconception that bankruptcy completely halts your financial progress, but this isn’t entirely accurate. Under certain conditions, purchasing a home while in Chapter 13… Read More »
Using Chapter 13 Bankruptcy to Catch Up on Second Mortgage Payments Over Time
Financial difficulties can happen to anyone, and when your home is at stake, the stress can feel overwhelming. Falling behind on mortgage payments, especially a second mortgage, can quickly escalate into fears of foreclosure and the potential loss of your home. Thankfully, Chapter 13 bankruptcy provides a viable pathway to address these concerns effectively…. Read More »
Beyond the Homestead: What Other Property Can You Protect Under California Exemption Laws?
Financial difficulties and the possibility of bankruptcy can be incredibly stressful and overwhelming. Understanding your rights and the laws designed to help protect your assets can offer peace of mind during such challenging times. In California, the well-known homestead exemption is frequently discussed, but beyond protecting your home, several other vital exemptions exist to… Read More »
Choosing Between California’s 703 and 704 Exemption Systems: A Critical Decision in Bankruptcy
When you’re facing financial challenges severe enough to consider bankruptcy, you’re likely experiencing intense stress, uncertainty, and a desperate need for guidance. One of the pivotal decisions you’ll encounter when filing for bankruptcy in California is choosing between two distinct exemption systems—the California Code of Civil Procedure Sections 703 and 704. The selection you… Read More »
The Hidden Value of California’s Exemption Laws: Why You May Have More Protection Than You Think
When you’re overwhelmed by debt, the idea of filing for bankruptcy can feel like admitting defeat. Many people delay filing for far too long—fearing that they’ll lose everything, from their home and car to the last piece of furniture in their living room. But here’s the truth that often surprises our clients at Wadhwani… Read More »
How to Handle a Sheriff’s Sale or Trustee’s Sale in California: Legal Tools to Delay or Prevent It
Facing a sheriff’s sale or trustee’s sale in California can feel like the final blow in a long and stressful financial battle. Whether the result of mortgage foreclosure or vehicle repossession, these public sales often mark the last stage before you lose your home or personal property. But even at this point, all may… Read More »
How to Find a Qualified Bankruptcy Attorney
Filing for bankruptcy is a significant financial decision that can provide relief from overwhelming debt and offer a fresh start. However, the bankruptcy process is complex, and hiring a qualified bankruptcy attorney is crucial to ensuring your case is handled correctly. A knowledgeable attorney can help you understand your options, protect your assets, and… Read More »
Can You File for Bankruptcy and Divorce at the Same Time?
Filing for bankruptcy and going through a divorce are two of the most stressful legal and financial experiences a person can face. If you are struggling with overwhelming debt while also preparing for a divorce, you may wonder whether it is possible—or even beneficial—to file for both at the same time. While legally permitted,… Read More »
What Is a FICO Score? Understanding Your Creditworthiness
Your FICO Score is one of the most critical numbers in your financial life. It determines whether you can qualify for loans, secure a mortgage, get approved for a credit card, and even influence the interest rates you receive. But what exactly is a FICO Score, how is it calculated, and what can you… Read More »
How Long Does Bankruptcy Stay on Your Credit Report and What You Can Do About It?
Bankruptcy can be a powerful tool for eliminating overwhelming debt and achieving a fresh financial start. However, many people worry about how long bankruptcy will impact their credit report and credit score. While bankruptcy does remain on your credit report for several years, its effect lessens over time, and there are proactive steps you… Read More »