Bankruptcy chapter 7 and economy
Have personal bankruptcy filings in the Los Angeles area increased in the past few years, decreased or remained the same? Why? Increased because of the downfall in economy.
Category: Bankruptcy
Bankruptcy Chapter 7 residency requirement
2. Can I file for bankruptcy in Los Angeles if I recently moved to the state? What are the rules regarding this? You must be living in CA for “the majority of the 180 day period” preceding the filing. In other words, you have to have been a resident of …
Bankruptcy – Chapter 7 vs Chapter 13
Is it better to file chapter 7 or chapter 13? It depends on your income, type of debts, etc. Chapter 7 involves liquidation of all assets that are not exempt. You can receive a discharge of your debts through Chapter 7meaning you no longer are responsible for paying the debts. …
Chapter 7 Bankruptcy
Can I file for bankruptcy in Los Angeles if I recently moved to the state? What are the rules regarding this? You must be living in CA for “the majority of the 180 day period” preceding the filing. In other words, you have to have been a resident of CA for …