Most Americans have some amount of credit card debt. Some have an easier time of paying it than others. Often, people take on a little more than they can handle and, over time, they accumulate tens of thousands of such debt without having the sufficient...
Federal law in Chapters 7, 11, and 13 of the Bankruptcy Code (Title 11), details the type of bankruptcy relief available in the United States. Today's blog, the last in a series, addresses some questions that you should ask if you are unsure which type...
Federal law in Chapters 7, 11, and 13 of the Bankruptcy Code (Title 11), details the type of bankruptcy relief available in the United States. Today's blog, the second in a series, addresses some questions that you should ask if you are unsure which type...
Federal law, specifically chapters 7, 11, and 13 of Title 11, detail the most common types of bankruptcy relief. Today's blog, the first of a series, addresses some questions that you should ask if you are unsure which type of bankruptcy is best for you. Chapter...
When life's problems cause you to get behind on mortgage payments with the resulting consequence that you face the possibility of the foreclosure of your family's home, bankruptcy may help save it. After all, your home is the most important, vital asset that you own. How...
Many of life's unexpected events such as the loss of a job, tragic accident, sudden illness, or death of a spouse may cause unforeseen, negative changes, especially in an individual's pool of assets and income. Such events may have the effect of eliminating adequate funds...
Alberto Montefalcon and the Montefalcon Law Offices serve all residents of the Sacramento area. We proudly serve individuals who need to file bankruptcy to solve their financial problems. Whether married or single, if you need to solve your problems related to financial difficulties, we may...
Chapter 13 of the Bankruptcy Code provides for the adjustment of debts of an individual with regular income permitting a debtor to retain property and pay debts over a time period defined by federal law. By filing a chapter 13 bankruptcy case, debtors propose a...
Federal law, specifically Title 11 of the United States Code, sets forth the statutes governing the various types of bankruptcy relief. Different chapters of Title 11, specifically chapters 7, 11, and 13, detail the most common types of bankruptcy relief. Today's blog summarizes the type...
Congress, through its enactment of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), created what is known as "The Means Test" to determine potential bankruptcy debtors' ability to repay any of their general unsecured debt. Debtors compute their income as defined by...