California Bankruptcy Lawyer Blog

A San Jose Bankruptcy Attorney discusses the Increase in Chapter 7 Filings

Generally speaking, from a San Jose Bankruptcy Attorney perspective, Chapter 7 bankruptcy filings are up over 35% in Silicon Valley. An increase this dramatic has not been seen since the dot-com bust. Most attorneys in the San Jose area alone have seen their bankruptcy practices double, if not triple, over the past year. The increase in Chapter 7 filings has been driven by the increase in unemployment and the housing market crash. With the jobless rate on the rise and none of the Silicon Valley giants hiring, bankruptcy is often the only recourse. Chapter 7 filings have hit executives, professionals, and blue collar workers alike. Once a debtor falls behind on his/her payments it is next to impossible to get caught up in this economic climate. While most people have reserves to sustain themselves for a period of time, eventually those reserves run out and there is nowhere to turn.

Creditors have been ruthlessly terminating consumers’ credit lines and decreasing limits, not to mention the rampant increase in interest rates and penalty fees. It is no wonder that debtors throughout San Jose and the rest of Silicon Valley have had to turn to Chapter 7 protection.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney discusses the Importance of Full Disclosure...

Bankruptcy Attorneys in San Jose that often work with debtors seeking protection under Chapter 7 and Chapter 13 find they inevitably want to protect family and friends from the consequences of their filing. However, all debtors are required to fully disclose all debts and assets in their bankruptcy petition. Furthermore, the bankruptcy court will review all payments made to family, friends, acquaintances, business partners, which fall under the category of “insiders” during the twelve months prior to filing. Any suspicious or “preferred payments” may be recoverable by the trustee.

Debtors should also be wary of trying to hide assets by transferring them to another party. Debtors are required to disclose all property that they have either sold or given away in the past 24 months prior to filing. Any transfers that the trustee believes was made for less than the fair market value could raise a red flag and possible dismissal of the bankruptcy proceeding. Any debtor who lies on their bankruptcy petition could also be charged with perjury, which can carry severe consequences including jail time.

As such, all debtors should be wary of transfers and the sale of property to family and friends immediately proceeding a bankruptcy. In life and in bankruptcy, honesty is the best policy to avoid case dismissal or worse potential consequences.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankrutpcy Attorney comments on analysis regarding consumer sentiment

As San Jose consumers scan the news for any rise in jobs or delcine in recent unemployment numbers and San Jose Bankruptcy Attorneys reveal we aren't quite there yet, Fox News New York confirms the effects of the latter, stating that 'consumer sentiment was weaker in February, as Americans grew more impatient with the government's gridlock over efforts to stimulate jobs...' This information, via a survey released on Friday, it further shows that while not so much concerned about additional dramatic spikes in layoffs, consumers are continuing to embrace gloom and doom about their income status and job opportunities, according to the Thomson Reuters/University of Michigan's Surveys of Consumers.

Fox News quotes a statement from Richard Curtin, surveys director, "Consumers have been getting more impatient with the slow progress of the stimulus program, and confidence in the Obama administration's economic policies has begun to wane."

The survey's overall index of consumer sentiment was at 73.6 in February's 73.6 is a drop from January's 74.4 as well as coming in lower than the Reuters' analyst poll forecast of 74.0.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney Comments on the Unemployment Stats vs. Consumer Spending on Durable Goods...

While San Jose Bankruptcy Attorneys acknowledge the bleak job market as par for the current course with regard to conversations with Bay Area bankruptcy clients, and as week-ending February 20th reports a weekly increase in jobless claims to 496,000 even though a drop of 13,000 was expected, curiously consumer purchasing of durable goods is up.

According to Wall Street Journal, reported data generated on a 4-week average has increased by 6,000 to 473,750 for consumption of items such as appliances, or goods that will last more than 3 years. This is not typical, as the durable goods average is often sporatic, according to Commerce Department reports, noting its current strength at an increase of 3%.

Also noted is that the biggest decrease for unemployment claims occurred in California, while the largest rise happend in North Carolina due to construction and furniture industries being hit the hardest.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney comments on new job bill...

San Jose Bankruptcy Attorneys may want to spread a little potential good news for bankruptcy clients in the Bay Area that are unemployed. The Senate passed a bill on Wednesday offering a tax break to companies that hire the unemployed. The jobs-promoting bill by the Obama Administration is the first of many according to a Fox News article, quoting Democratic leaders, although notably a far cry from the $862 billion economic stimulus bill enacted a year ago as this proposal waves a much smaller price tag at $35 million.

Two major provisions contained in the bill include an exemption for the hiring businesses from the 6.2 percent Social Security payroll tax through December with an additional $1,000 credit if the new employee remains employed for an entire year. Additionally, the bill will extend highway and mass transit programs through the end of 2010 and inject $20 billion into them in time for the construction season this spring.

What does this new hiring tax credit really mean for the unemployed and those facing bankrutpcy due to debt beyond their control? The approximate 250,000 new jobs it may create, says economist Mark Zandi of Moody's Economy.com (Fox News). The economy has shed 8.4 million jobs since the recession began in December, 2007.

Fox News also quoted bill sponsor Sen. Charles Schumer, D-N.Y., as saying it would have an immediate impact since businesses won't have to apply for it when doing their taxes a year from now. "It immediately takes effect," Schumer said. "It goes right to small businesses."

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Thrill seekers and adrenaline junkies in San Jose probably already know that Six Flags inc. filed for Chapter 11 bankruptcy in June of 2009, as do most San Jose bankruptcy attorneys. Six Flags’ petition listed assets of $3 billion and debt of $2.4 billion as of Dec. 31. While the petition was filed more than six months ago, the corporation has had difficulty getting its plan approved by voters.

Recently, however, a Delaware Judge granted Six Flags an extension until April 5th to have its plan approved. Still, if the plan remains unapproved certain creditors could submit an alternative plan.

According to the associated press Under Six Flags' post bankruptcy plan, holders of senior secured notes issued by Six Flags Operations Inc., a subsidiary, would receive about 93 percent of the equity in the reorganized company. Holders of junior notes issued by Six Flags Inc. would receive only about 5 percent of new equity under the company's plan. They claim to have lined up $1.8 billion in financing for an alternative plan that would increase the recovery for creditors.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorneys have undoubtedly noticed a rise in bankruptcy filings in the Bay Area, while at the same time Bay Area consumers as well as Bay Area consumers in debt are noticing themselves pulling more tightly on their purse strings, so to speak. According to a Gallup poll released last week, American consumers claim they have minimized their spending in January to reflect that of January, 2009. Gallup, which polled more than 14,000 adults, with an overal error margin of 1 percentage point noted that the results indeed include those in upper income margins. Categories include stores, gas stations and restaurants across all income brackets. A Reuters article notes that these findings do not match that of US data which suggests consumer spending strength within the same time frame, further noting that last week, 'the Commerce Department reported U.S. retail sales rose an unexpected 0.5 percent in January as consumers stepped up spending for essential goods and luxury items.'

Gallup's website indicates that these upper income households - those making $90,000 or more a year) self-report spending an average of $113 per day across the listed categories compared to $110/day from 2009. This is down 14 percent from December of 2009, while middle- and lower-income consumers lowerede daily spending by 13 percent to levels dropping last year's average per day.

While some focus on spending less compared to their income, the reality is that unemployment is still on the drastic rise of earlier this year. Bay Area consumers in debt and those considering filing bankruptcy and or credit counseling should not feel alone, as bankruptcies are growing across the country.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney comments on Reader's Digest Ch. 11 filing...

San Jose Bankruptcy Attornys have been commenting that Reader's Digest has emerged from it's August 2009 Chapter 11 bankruptcy with $525 Mil in exit financing and a new board of directors according to Reuters.com.

The Reuters article names Fredric Reynolds, former chief financial officer of CBS Corp (CBS.N), as a member of the new board.

President and DEO, Mary Berner, was quoted as stating "Having strengthened our balance sheet and capital structure and having successfully monetized underperforming assets, Reader's Digest is focused on free cash flow and return on investment," with regard to the Chapter 11 filing event.

The company alongwith its exit financing has been given a B1 Corporate Family Rating by Moody's Investors Service assigned, while Standard & Poor's assigned a B rating to the exit financing package.

Reader's Digest, made popular for its waiting room reading material additionally sells approxiamtely 40 million music, video and book products annually and has upwards of 75 branded websites, accordng to the article, so their Chapter 11 bankruptcy filing did not go un-noticed.

Reader's Digest states it has access to an additional $50 million of revolver credit.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

In speaking with a San Jose Bankruptcy Attorney who also does bankruptcies in the greater San Diego Area, he had to say with the rollout of the Credit CARD Act of 2009 coming very soon, credit card companies are doing everything they can to get paid before time runs out.

He asked Bay Area consumers as well as southern California consumers to consider this: a credit card with a 79.9% interest rate. That’s right. That’s not a typo: that’s seventy nine point nine percent interest. See a movie for $10, you’ll end up paying $17.99 if you fail to make the payment in full. The link is below. While I doubt anyone will actually sign up for the card (except those sad few who don’t read the fine print, perhaps), it’s a sign of the evil associated with subprime lending. I’m not saying all subprime lending is evil; if it’s profitable, it’s worth doing in a purely business sense. But there are other considerations than just profitability. The interest rate itself is not illegal because it is spelled out in the fine print, but, again, that’s not the point. This is predatory and that’s what makes it bad. So, don’t get the 79.9% card. Even if you file a San Diego Chapter 7 bankruptcy, you’ll get credit card offers immediately after the case, and at a rate much less than 79.9%.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney talks pizza...

Pizza lovers in San Jose as well as San Jose Bankruptcy Attorneyshttp://www.bkanswers.com/lawyer-attorney-1402957.html may want to know that Boston based UNO’s has filed for Chapter 11 bankruptcy.

Our San Jose Bankruptcy Attorney noticed that the first Uno's opened in 1943 in Chicago. Spencer, the current chairman, opened the first Boston location in 1979 and started expanding the chain in the mid-1980s, according to the company Web site.

According to CBS news, a 2005 private equity takeover burdened Uno’s with debt and Uno’s parent company filed for Chapter 11 recently.

CBS news reports that privately owned Uno Restaurant Holdings Corp. said a majority of its bond holders had agreed to convert $142 million in senior secured debt into a 96 percent equity stake in the reorganized company. That conversion is part of a prearranged restructuring the company hopes a bankruptcy judge will approve.

Still, fear not pizza fans. CEO Frank Guidara said the company doesn’t expect the filing to disrupt the restaurants. In a statement made to the associated press Guidara was quoted as stating, “Our goal is to get on the other side of our balance sheet problem, and this is going to get us there."

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

In its first move to adjust lending back to normality since 2008, the Federal Reserve raised its discount rate on Thursday and caught the attention of many a San Jose Bankruptcy Attorney. The one-quarter percentage point increase – raised from 0.50 to 0.75 will take effect tomorrow.

Not meant to be an across-the-board tightening of credit, according to Officials, this discount rate that has been at 0.50 percent since December of 2008, is instead meant to deter emergency borrowing by banks in lieu of other financial routes available to them.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Several news sources have reported that the housing market will take a significant period to recover. Economist predict that it could take up to a decade for many homeowners to see equity in their homes, while those in the areas that were hit the hardest may not see complete restoration of the market in their lifetime. Since their peak in 2006, it's been reported that home prices have fallen another 30%, and many experts predict that the market will take another hit as foreclosures pile up. Experts are further concerned that recent government incentives to restore the market such as low interest rates and tax credits will actually lead to another crisis when the measures providing these incentives expire.

In places such as California, where the housing market saw a significant drop in home values, it's predicted that it could take as long as fifteen years to recover according to the chief economist for the national Association of Realtors. Within the state, the Sacramento area was hit particularly hard, and it should not come as a surprise that it will take longer for places such as the Sacramento area to recover because prices fell more steeply.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney comments on Foundry Stalwart Bankruptcy

San Jose residents, have you ever looked down at manhole covers and wondered who produces such things? Well, Neenah Enterprises a stalwart in iron works has been producing such iron products for cities since 1872, according to the research of a local San Jose bankruptcy attorney.

Despite its history, Neenah has recently filed for chapter 11 bankruptcy protection. Neenah cites a decline in overall sales volume as a catalyst for the filing.

The company has assets of $286.6 million and debts of $449.1 million on a consolidated basis as of Sept. 30 according to the documents filed in U.S. Bankruptcy Court. According to RTT news, the company has reached an agreement in principle with key creditor constituencies on the terms of a plan of reorganization that proposes to reduce the company's debt by approximately $220 million while providing 100% recoveries for the Company's suppliers and vendors.

According to WTAQ The owner of the Neenah Foundry says it will not layoff anyone, after filing for Chapter 11 bankruptcy protection.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Unlike a Chapter 7 bankruptcy, a Chapter 13 bankruptcy requires at least one appearance before a bankruptcy judge at a “confirmation hearing.” At the confirmation hearing the court approves or denies confirmation. Under the new Bankruptcy law, the confirmation hearing must be held between 20 days and 45 days after your meeting of creditors. The hearing, however, can be held earlier if no one objects.

Generally, so long as the trustee approves your plan and no creditor appears before the judge, the judge usually will not deny the confirmation. Still, if the trustee disapproves your plan, the judge will most likely reschedule another confirmation hearing and require the debtor to amend the plan. If after an attempt to amend the plan it becomes obvious that a Chapter 13 bankruptcy isn’t ideal, the judge may order that your case be dismissed. Generally, an experienced bankruptcy attorney will be able to avoid this circumstance.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

California debtors who file Chapter 13 bankruptcy will want to understand the confirmation hearing process. Basically in a Chapter 13 a judge must approve your Chapter 13 plan. This approval takes place at the confirmation hearing. Here, a judge will address any objections to your plan raised by creditors.

Unlike the creditors’ meeting, the confirmation hearing will be run by a judge. For those debtors in California who are terrified at the prospect of sitting in front of a judge, if you are represented your attorney usually attends solo. If, however, a debtor is self represented they must appear. Since judges like efficiency they generally call cases that are uncontested or fairly straight forward first.

Debtors in the Bay Area as well as Southern California debtors in San Diego or Carlsbad, may wonder why a confirmation hearing is required. The meeting allows a judge to evaluate your plan, and inquire whether or not you can make your payments. In addition, it allows the judge to ask creditors specifically about their objections, hear your response, and make a ruling. If your plan needs to be amended you probably will be allowed an opportunity to comply. Otherwise, if it’s obvious you can’t afford your plan your case may be dismissed.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Many Chapter 7 bankruptcies sail through the Bankruptcy process without a hitch. Consequently, while arguably not the most efficient and safest approach, filing Chapter 7 bankruptcy can be done without the aid of attorney. Still, debtors should really consider whether this represents the best option?

There are some specific circumstances in which a debtor should almost always consider hiring a bankruptcy attorney. For example, your average income for the last six months is more than your state’s median income, and it looks like you won’t pass the means test; you want to hold onto a house or motor vehicle; you want to get rid of student loan debt; the bankruptcy trustee seeks to have your whole case dismissed! These represent just few examples of why it’s very important for a debtor to decide whether they want to risk filing bankruptcy themselves, or hire an experienced bankruptcy attorney.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Did you know that Bankruptcy has steadily risen among the middle class? The USA Today reports that in 2008 nearly 1.1 million consumers filed bankruptcy! A study by Elizabeth Warren (Harvard law), Leo Gottlieb (Professor of law), and Deborah Thorne (Ohio State professor of sociology) found that personal bankruptcy has become a middle class phenomenon. Specifically, most filers are college-educated and home owners.

If you live in San Jose or the greater Bay Area, consider yourself middle class, and filed bankruptcy in 2007 you’re not alone. In 2007 100,000 middle class families filed for bankruptcy every month! Bay Area consumers in debt should also know that college education and home ownership may not be enough to guarantee financial security. Even more alarming, the issue itself may be systemic. Specifically, the above study found that many Americans instead of graduating from college with upward mobility find themselves overwhelmed with debt.

Bankruptcy attorneys across the nation note that many middle class Americans who had a good paying job are struggling with debt, and trying to makes ends meet working at Home Depot or Lowes. Many simply won’t address the issue. They are ashamed and embarrassed. Thankfully for those willing to seek help there are avenues to a Fresh Start.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

When in the planning and implementation stages of filing for bankruptcy it is essential for the debtor to understand some of the requisites needed to file and obtain a discharge in their case. One thing everyone filing for BK needs to know is the relative timeline involved with their specific case as it relates to credit counseling and debtor education courses. Possession of this knowledge is specifically important for a Chapter 7 Bankruptcy. When in the process of filing for Chapter 7, one must understand that they will be eligible to obtain a discharge much faster than in Chapter 13. When in Chapter 7, the approximate time from filing and discharge is anywhere from 90-120 days, so keep this in mind.

It is mandatory that EVERY debtor (there are few exceptions to this) take and complete two courses in order to obtain a discharge in their case. These courses have been required since the The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 which not only birthed the Means Test , but section 109(h) of this Act defines the guidelines for Credit Counseling & Financial Management Courses.

One of the most frequently asked questions relating to these courses are “can I take both of these courses at once?” unfortunately the answer to this question is No, you must complete CC before you file, and Debtor Education afterwards. Most approved agencies offer both courses either telephonically or online.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

A San Jose Bankruptcy Attorney on the Means Test for Filing Bankruptcy...

San Jose consumers, San Jose Bankruptcy Attorneys want to know: do you have the means?

There are two basic income tests that determine a debtor’s eligibility for Chapter 7 bankruptcy:

1. The “means test,” which compares a debtor’s average monthly income for the six months before filing bankruptcy to the median income in a debtor’s state.

2. The “abuse under all circumstances” test, which looks at a debtor’s current income and expenses and determines whether a debtor has enough disposable income to repay some of their debts.

So how does this affect you, San Jose? Well, if you fail the means test, you a presumption of abuse arises and a debtor must file Chapter 13 bankruptcy not Chapter 7. If you fail the “abuse under all circumstances” test, the Office of the U.S. Trustee must prove your ineligibility for Chapter 7.

The means test is a perfect example of why debtors in San Jose may want to seek out legal counsel. I highly recommend any high income debtor facing bankruptcy to seek the help of an experienced bankruptcy attorney who can more fully explain the means test and its implications. Gain knowledge, San Jose!

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney has a conversation with a San Diego Bankruptcy Attorney with regard to technology...

After the 341(a) hearing that a debtor must attend following a San Diego bankruptcy under either Chapter 7 or Chapter 13, there exists a requirement that the debtor attend a financial management course. This is the second of the two courses mandated by the 2005 Bankruptcy Abuse and Consumer Protection Act. This second course is supposed to be geared toward teaching the debtor how to avoid getting themselves in financial trouble in the future. As I have discussed in previous blogs, very often the debtor’s financial situation is not a product of the debtor herself but just the consequence of a globally-troubled economy (i.e., lost employment as a result of the employer doing decreased business which stems from the national recession). Regardless, the times themselves may help facilitate greater ease in personal finance management.

Consider how the new age of computers and smart-phones can assist in finding good deals on things. Not only are phones equipped with a basic calculator but I just saw an iPhone application that lets consumers take pictures of barcodes and then the app searches for the best prices for that product. This may not change spending habits but it can promote informed decision-making with respect to individual purchases. The Credit CARD Act set to become law later this month requires creditors to provide online access to account information and the credit companies themselves are setting up web tools to help consumers plan their repayment schedule. Sears, I think, has in-store computers available to shoppers to price-check competitors. Best Buy has a “price-match policy,” as do many stores. And the opportunity to learn what those other prices are is now incredibly easy.

So, as you emerge from your Chapter 7 bankruptcy or you complete your Chapter 13 repayment plan, the modern age can help you ensure fiscal responsibility. Of course, you have to employ the technologies for them to be any good and nothing can change the need for the consumer to be wise in their spending, but financial management is important; this is why, I suppose, it is a required instructional course for debtors seeking discharge following a Chapter 7 or Chapter 13 bankruptcy.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose Bankruptcy Attorney reports on Muzak Holdings bankruptcy filing

If you live in San Jose, like many San Jose Bankruptcy Attorneys, and have ever taken a ride in an elevator, shopped at a department store, or possibly been placed on hold, you no doubt have had the dubious honor of being privy to the sounds of background music programming. Now, what San Jose residents may not know is that some entity programs those stellar music selections. Enter Muzak Holdings.

Approximately one year ago Muzak Holdings filed for Chapter 11 protection in Delaware. Today, Muzak Holdings has emerged from Chapter 11 reorganization with a significantly improved balance sheet, reducing its outstanding debt by more than half and realigning its organizational structure to improve its client’s experience.

In a statement to the associated press Muzak’s, CEO Stephen Villa, noted that “As we move into the future, our strengthened capital structure provides us with the renewed ability to invest in new talent and technology that will allow us to provide new offerings and further enhance the first class products and services that our clients have come to expect from Muzak.”

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

A drop in the number of million-dollar plus homes sold in California has marked its fourth consecutive year (2009) on the downslide. Hillsborough ranked the highest with the most expensive home selling at $8 mil, with Menlo Park a close second. To follow were Cupertino, Los Altos and Saratoga, while Palo Alto, Fremont and Los Gatos were the next grouping on the list with Los Gatos’ top seller peaking at $4.25 million. California communities where almost all sales of homes were in the million-dollar category were Portola Valley and Atherton in San Mateo County, Newport Beach in Orange County, Ross in Marin County and Rancho Santa Fe in San Diego County.

MDA DataQuick, a real estate service out of San Diego recently reported that 18,621 California homes sold for a million dollars or more last year, down 23.8 percent from 24,436 in 2008. In 2007 the total was 42,506, in 2006 it was 50,010 and in 2005 it peaked at 54,773. Last year was the lowest sales count since 2002, when 15,703 were sold.

1,457 newly built homes accounted for 2009's $1 million-plus sales, down 50.3 percent from 2,933 for 2008. There were 1,542 condo sales in the million-dollar category, down 34.7 percent from 2,362 the year before. Condos sold at the million-or-more level were in San Diego, Los Angeles and San Francisco.

While these statistics are mildly interesting, most consumers in the greater Bay Area do not fall in the category of the million dollar listing. If you are facing foreclosure, need assistance with asset management or protection or are considering filing bankruptcy, a Bay Area Bankruptcy Attorney may be in order. No matter what monetary bracket you fall into, consumers in debt are rampant in our current economic crisis, as commercial filings skyrocket, the dow dips, retail businesses file left and right, loans get modified and unemployment continues to plummet. However, the upside to those in financially dire straits are the bankruptcy options available to you, including the Fresh Start of a Chapter 7 bankruptcy.

Aid for money markets, bond dealers and foreign central banks was cut off this week as the Federal Reserve shuts down emergency liquidity programs put in place to stave off the credit crisis resulting from the 2007 US mortgage collapse. According to data released this week by the Federal Reserve, a $2.25 trillion balance sheet contrasts sharply compared to $924.2 billion noted for September 2008, approximately 5 days prior to the bankruptcy filling of Lehman Brothers Holdings Inc.

New Federal Reserve Chairman, Ben S. Bernanke (sworn into his second term just yesterday), made the move to shut down the programs as a first step focused on avoiding a depression, and bringing down the unemployment rate, currently at a 26-year high. To do this, Bernanke’s plan promise is to keep the benchmark interest rate low for a longer period of time as the financial crisis fades. Others disagree, stating that “normal isn’t zero,” as the overnight loans interest rate among banks has been near zero since December 2008.

Don Galante, Senior V.P. at MF Global Ltd. Was quoted by Bloomberg as stating, “It’s a sign telling you we’re beyond the financial crisis. But that’s not the problem today. The problem today is the broader economy.”

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

The Wall Street Journal reports a major dip to below 1000 for the Dow Jones Industrial Average before rising ever so slightly above that 1000-marker, where it settled. The culprit? Why, the global economy, of course. The Dow’s 268.7 point fall is the worst since April of 2009 in addition to a marked 3-month low for 2010. Meanwhile, Treasury prices rose, as did the dollar, and investors ran for cover. The bleak unemployment picture also plays a major roll. This is no surprise to Bay Area consumers and especially Northern California consumers in debt as we all balance our budgets, clamor to the internet to check our credit scores and consider filing bankruptcy as a viable avenue to resolve mounting debt through bankruptcy options and hopefully get that Fresh Start everyone has been hearing about.

If you are a San Jose consumer in debt facing similar dips and lows, you may need the advice of a qualified bankruptcy attorney. The economy being what it is and mounting debt against a rising dollar may prompt Bay Area debtors to re-evaluate their finances and seriously consider bankruptcy options.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

BlueHippo Funding LLC which markets computers to consumers with low credit scores, filed for Chapter 11 federal bankruptcy protection. The firm was driven to file for bankruptcy protection when its bank accounts were frozen due to contempt charges filed by the Federal Trade Commission. The FTC has accused BlueHippo of violating a settlement agreement filed in April of 2008. Pursuant to that agreement, BlueHippo was barred from collecting payments from its customers without delivering the product the consumer expected to receive.

BlueHippo has had more than 4,200 complaints filed against it for allegedly failing to provide the goods promised. BlueHippo paid a $3.5 million fine to the FTC as a part of its settlement agreement. BlueHippo claims the FTC’s current action is based on false statements and that it has not been inappropriately using customer funds, but merely paying creditors to remain in business. Under Chapter 11 bankruptcy protection, BlueHippo can petition the Court to use cash collateral to keep its doors open and pay its creditors. BlueHippo will be best served by quickly proposing a restructuring plan to the court to end its stay in bankruptcy as quickly as possible.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

While lenders will generally look at both spouses credit reports prior to making significant loans, there is no such thing as a “combined credit score.” For example, if a woman with an 800 FICO score marries a man with a 600 credit score, the day after their wedding, there is no merging of credit scores that would result in each of them having a 700 FIC score. Each spouse has his/her own credit score based upon their credit history prior to marriage and post-nuptial activity. This is true whether you live in a community or non-community property state. For purposes of a credit report, your credit score will only be impacted by your spouse’s credit issues if you are both listed on the debt and neither of you are making timely payments.

In a divorce proceeding in a community property state you may be liable for your spouses debts incurred during marriage, but this same rule does not apply in bankruptcy. A debt solely held by one spouse can be discharged in bankruptcy and the creditor will not be able to pursue the non-filing spouse. Practically speaking, spouses should assist each other with debts whenever possible to keep both of their credit scores in good standing, which will aid in making large purchases such as cars and homes in the future.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Reader’s Digest loyalists in San Jose may be interested to know that according to the associated press, the company has hit a snag in their Chapter 11 bankruptcy. Apparently, regulators in the U.K. will not approve Reader’s Digest’s plan to settle pension costs there. The company had reached a deal to retire a $180 million obligation of a British subsidiary in exchange for a $17.6 million cash payment and giving up a one-third stake in the business.

Originally the company anticipated emerging from Chapter 11 by the end of January, with its lenders taking ownership. Still, a judge in the U.S. Bankruptcy Court for the Southern District of New York has already approved the company's Chapter 11 plan, which cuts its debt load to $555 million from $2.2 billion.

Despite the setback Reader’s Digest still anticipates emerging from bankruptcy within the next few weeks.


If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

San Jose residents and debtors alike will soon have intimate insider details surrounding the financial crisis of 2008 and its effect on former treasury secretary Henry Paulson. The former Treasury Secretary’s new book (On the Brink) will be released Monday but the associated press purchased an early release copy.

Associated Press writer Stevenson Jacobs, notes that in Paulson’s new book, a “jolt of fear” gripped Paulson as the enormity of the financial crisis threatened to plunge the U.S. economy into financial abyss. Jacobs quickly notes, however, that no new revelations are revealed in Paulson’s book. Instead the book offers an intimate perspective on one man trying to prevent financial catastrophe.

For example, in one passage Paulson describes one phone to his wife where he expressed fear when people were coming to him for answers he simply didn’t have. In another passage Paulson describes how exhaustion and fear finally revealed themselves in public. After an emergency meeting with congressional leaders on Capitol Hill to discuss the massive taxpayer rescue of insurer AIG Paulson began feeling nauseous and had to crouch behind a pillar. Paulson notes how thankful he felt that journalists did not witness the incident.

Paulson also details a meeting between CEOs of the nation's largest and most powerful banks, including JPMorgan and Goldman Sachs, in a desperate bid to save Lehman Brothers. Unfortunately, a deal never happened. Three days later Lehman Brother’s filed the biggest bankruptcy in U.S. History.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down,  stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.