August 18, 2010

Who Is The Creditor and Debtor?

A Sacramento bankruptcy attorney briefly on Who Is The Creditor and Debtor?

Text: Q: Who is a creditor?

A: A creditor is a person that is owed money. For instance, if you borrowed money from Wells Fargo to buy your house, and if you are still repaying that loan to Wells Fargo, then Wells Fargo is your creditor. Wells Fargo is your creditor because they are owed money.

Q: Who is a debtor?

A: A debtor is a person who owes money. According to the above scenario, since you borrowed money from Wells Fargo, and since you are still repaying that loan, you are the considered the “debtor” and Wells Fargo is your “creditor.”


If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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July 13, 2010

What Is A Monthly Operating Report?

A Sacramento bankruptcy attorney describes the monthly operating report in bankruptcy

What Is A Monthly Operating Report?

A monthly operating report is an accounting of a revenue and expenses for a particular month that must be filed each month during an open Chapter 11 filing by a business. Reports not filed leave the business open to dismissal or conversion to Chapter 7 by the U.S. Trustee.

The report is filed by the debtor in possession who assumes the role of a trustee and is responsible for the restructuring of the business. The debtor in possession is usually the principal or executive of the business and has the greatest knowledge of all operations and management.

The monthly operating report is designed to give all interested parties information about the debtor’s financial activity in order for them to monitor the likelihood of a successful reorganization.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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July 8, 2010

How do I make the creditors stop calling in Roseville, CA?

A Roseville bankruptcy attorney answers: How do I make the creditors stop calling?

You should be able to get creditors to stop calling once you:
1) tell them to stop calling you, then
2) follow up your demand to stop calling with a written letter specifying that you do not wish to be contacted any more.

I often hear the complaint that debtors continue to call even after the creditors are told to stop calling. At this point, your best bet is to hire an attorney. Your attorney will be in a much better position to ensure that the creditors are complying with the Fair Debt Collection Practices Act.

Once you hire an attorney, tell your creditors that you are now represented by counsel and that they can no longer call you. Give them your attorney’s contact information and let your attorney deal with the calls. Hiring an attorney often brings people great peace of mind for this very reason.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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July 2, 2010

What is Secured debt, Roseville?

A Roseville bankruptcy attorney explains what secured debt is...

Types of debt:

Debt is money that is owed. If you owe money, your debt is either secured debt or unsecured debt. Secured debt is debt that is secured by some type of property.

Some examples of secured debt:

One common example of secured debt is your home mortgage.

You obtained a loan to purchase your home, and the bank secured that loan with the value of the home itself. So, if you do not pay the bank back, the bank has the right to take your home instead through the foreclosure process. If you owe money on a car loan, that debt is also considered a secured debt since the loan is secured by the value of your vehicle. If you do not repay the car loan, your car may be reposessed to cover the money owed.

Secured debt vs. unsecured debt:

Since secured debt is debt that is secured by some type of collateral, unsecured debt is debt that is not secured by any collateral. Some common forms of unsecured debt are:credit card bills, medical bills, personal loans, etc.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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June 29, 2010

What is Unsecured Debt, Roseville, CA?

A Roseville bankruptcy attorney describes Unsecured Debt...

What does unsecured debt mean?

Unsecured debt is debt that is not secured by any type of property. If you default on unsecured debt payments your creditor has no security/no way to get his/her money back without suing you. Unsecured debt simply means the creditor's loan to you is not secured.


Unsecured debt vs. Secured debt

One helpful method of understanding what unsecured debt is comparing it with secured debt. Since unsecured debt means that the creditor's loan is not secured by anything, secured debt means the creditor's loan to you is secured by something. Secured debt includes things like your home mortgage (which is secured by your home), and your car loan (which is secured by your car). If you default on making your secured debt payments, then your creditor is secured in the sense that he/she can take back your home/or car to get the money back.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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June 28, 2010

How do I keep my personal property in bankruptcy?

A Roseville bankruptcy attorney explains to Roseville debtors how to keep personal property in bankruptcy?

How does a Chapter 7 Bankruptcy work?


The goal of a Chapter 7 bankruptcy is to wipe out all of your unsecured debt. The way it works is: any assets that you have (such as house, cars, clothes, jewelry, furniture, etc.) which are not covered by California exemption laws (if you reside in CA) are used to repay your creditors.

What property do I get to keep in a Chapter 7 Bankruptcy?
You will get to keep all of your real property and personal property in bankruptcy IF all of the property is covered by California exemption laws. California exemption laws allow you to keep up to a certain value of your home, your furniture, your jewelry, your vehicle, etc. Your assets include both real property and personal property in bankruptcy. If you don't have too many assets, then most likely you will get to keep all of your personal property in bankruptcy. California has two sets of exemption laws. You should consult with attorney to get a better idea of whether or not your assets will be covered by the exemption laws so that you can determine whether you will get to keep all of your personal property in bankruptcy.

How does a Chapter 13 Bankruptcy work?

A Chapter 13 bankruptcy is basically a repayment plan. It generally does not involve letting go of either real or personal property in bankruptcy. A Chapter 13 repayment plan can last anywhere from three (3) years up to five (5) years, depending on your income.

What property do I get to keep in a Chapter 13 Bankruptcy?

Generally speaking, if you qualify for a Chapter 13 bankruptcy and if you make all of your plan payments on time, then you should be able to keep all of your real and personal property in bankruptcy. Consult with your attorney to determine which Chapter of bankruptcy is the best option for you.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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June 24, 2010

How do I make the creditors stop calling?

A Sacramento attorney address a popular consumer question: How do I make the creditors stop calling?

Late payments or any delinquent account will have the creditors calling. Whether you actually owe the debt or not, creditors and bill collectors will call.

One way to have the creditors stop calling is to pay the debt. The account will be current and there’s no reason to call.

If the debt is actually not owed but the collectors believe you owe it then record on paper when those calls are made and what was being said. The material you gather here may support a cause of action for violations of the Fair Debt and Collections Practices Act.

If you believe you are judgment proof or the statute of limitations on collection had run let the creditor know by sending a letter or responding to their civil complaint in state court. If creditors recognize that that you are judgment proof or the statute of limitations had run they should stop calling.

Finally, filing for bankruptcy imposes an injunction against all collection activity by your creditors. Any collection effort after you file subjects the offending creditor to sanctions by the Bankruptcy Court.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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June 11, 2010

Will Bankruptcy Help With Credit Card Debt?

A Sacramento bankruptcy lawyer answers if Bankruptcy will help with Credit Card Debt?

Bankruptcy may help with credit card debt depending on whether you can exempt all of your assets. Luckily in California the wildcard exemption along with the other exemptions for your car, tools, etc..is enough to exempt all of your property. Other states are not so generous. Any property that cannot be exempted is nonexempt and must be liquidated by the Chapter 7 trustee and use whatever is realized after auction or sale to pay creditors.

In Chapter 13 filers are permitted to keep their property but they would have to pay the value of any nonexempt out their future income. If all the property is exempt then creditors do not get paid in your Chapter 13 plan leaving only any remaining attorney fees and the trustee’s administrative expense to be paid over the term of your Chapter 13.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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May 14, 2010

Asset List for Bankruptcy

A Sacramento bankrutpcy attorney comments on listing your assests when filling bankrupty

Any asset that is scheduled in your bankruptcy petition will revest to your possession when the case is closed. But an unscheduled asset does not revest and could prevent the denial of your discharge. Worse consequences can happen if the omission was intentional. Your bankruptcy attorney needs to make sure that all assets both tangible and intangible are listed. Accrued earnings are owed to a filer and hence not tangible. Most filers are not paid daily and there is usually a delay between the end of a pay period and pay day. On any given day an employee may be owed money for work performed but not yet paid for. The amount owed in proportion to the number of unpaid days worked needs to be listed as an asset on your bankruptcy schedules.

Real estate brokers may have thousands of dollars in commission in escrow but not paid for it until halfway through their bankruptcy. The amount of commission expected should be listed prior to filing. Failure to recognize accrued income as an asset puts the asset as risk of liquidation and thereby defeating the whole reason to file bankruptcy with an attorney.

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April 16, 2010

White House Party Crashers Not Immune from Chapter 7 Bankruptcy

A Sacramento bankrutpcy attorney comments on the Chapter 7 bankruptcy of White House Party Crashers

From my Sacramento bankruptcy firm, I recently read a little article about the couple that crashed President Obama's first official state dinner. It details the Chapter 7 filing and assorted debt of Mr. and Mrs. Salahi, which is said to include over $80,000 in credit card debt. Its a good read and a small insight into what I see both in our Northern Califormnia bankruptcy practice and what I see happening nationwide; business is slow, debt is high and bankruptcy filings are up. We all just don't try to gate crash the white house to get a reality show to help pay off those debts. Actually that brings up a question. If they filed for a Chapter 7 bankruptcy and presumably those debts will be discharged then why do they need the reality show money so bad? They should be basically debt free....

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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April 12, 2010

Creditors ask for tax returns in a Bankruptcy?

A Sacramento bankruptcy attorney answers the question: What Should I Do If A Creditors Wants My Tax Return In Bankruptcy?

Answer: Comply, If The Request Is Timely.

A creditor in a Chapter 7 or Chapter 13 bankruptcy can request your tax return if they file a request with the bankruptcy court more then 7 days before the First Meeting of Creditors. Do not provide your tax return if your close to attending your 341 meeting or after. If the creditor’s request is timely then and the tax return is not given, the creditor can request the court to dismiss the bankruptcy. The court must dismiss unless you can give circumstances that support an inability to comply.

Savy creditors have done this and its best to comply and send the tax return to the requesting creditor. The main purpose is likely to create another hurdle and get an opportunity to dismiss the case. I’ve seen many a bankruptcy attorney get upset and try to fight the request. Its best to just comply and move on.

See Section 521(e)(2)(ii) for the exact language.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

March 31, 2010

Personal Finance Course in Bankruptcy

A Sacramento bankruptcy attorney tells debtors about credit counseling courses when filing bankruptcy

Sacramento: let’s face it, if you’re considering filing for bankruptcy you may not have the best spending habits. Still, in the spirit of transparency, most Americans today (including this writer) probably could use some personal finance coaching. It should therefore come as no surprise that part of the process of filing for bankruptcy involves two credit counseling courses. Specifically, a debtor must take a credit counseling course before filing their petition and after filing their petition.

Sacramento, I know what you’re thinking, you hate homework. Not to worry, the credit counseling courses are but a minor inconvenience. Some courses are now available online and are not too expensive. And if I may be so bold Sacramento, the course may do you some good. So take heart Sacramento, the credit counseling courses are not the end of the world.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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March 27, 2010

Fraudulent Debt in Bankruptcy

A Sacramento bankruptcy lawyer outlines fraudulent debt in a bankruptcy filing
Sacramento, as we approach the close of tax season and a close review of our financial straits, there may be some debtors who know they are going to file bankruptcy. For many this realization may be a difficult pill to swallow. Still, some debtors may take this as an opportunity to run up their credit card bills to pay for debts or necessities knowing they will discharge the debt when they file for bankruptcy. Not so fast my friends!

Debts from fraud are non-dischargeable. Thus, if a creditor can prove that your debt arose out of dishonesty, the court probably will not let you discharge that debt.

For example, you know you are going to file for bankruptcy, but your five year old daughter really wants a pony for her birthday. Being the kind parent you are, you pay $5,000.00 for your daughter’s beloved pony by using your credit card. A couple months later you file for bankruptcy after making only one payment on that credit card after purchasing the pony. In this situation a debtor should not be surprised to have the creditor object and the court agree this debt should not be dischargeable.

So, word to the wise, Sacramento, enjoy life. But do so responsibly.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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March 5, 2010

This State's Foreclosure Rates

A Sacramento bankruptcy lawyer comments on forclosure rates...

It isn't exactly news that California has posted the nation’s second highest foreclosure rate in recent months. Foreclosures in California are up 50% from the same time last year. California’s default notices and schedules foreclosure auctions are up 120% and 73% respectively. A recent survey shows that 7 out the top 10 metropolitan area foreclosure rates were in California. San Jose was thankfully not among the top ten, but its foreclosure rates are still dramatically up from last year. The hardest hit metro cities in Northern California are Vallejo-Fairfield, Modesto, Merced, Stockton, and Sacramento.

A chapter 13 bankruptcy can help consumers stop a foreclosure on their home. The 5 year (60 month) restructuring plan allows debtors to repay any arrears on their home over 60 months, so long as the homeowner is able to make their current mortgage payment in addition to the monthly arrears repayment. The benefit of this type of repayment plan is that the arrears cease accruing interest and the stress of a pending foreclosure is lifted.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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