2018-05-30 15:16
In order to have your debts wiped out in Chapter 7 or Chapter 13 bankruptcy case, you must disclose all your monthly income. This is performed using the "means test" which can qualify you fo… Read More
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Liviakis Law Blog
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A blog written to provide fresh information for those interested in understanding their rights in bankruptcy.
2018-05-23 18:24
Bankruptcy is a highly efficient form of debt relief that can legally eliminate many of your debts. There are exceptions to this, however, as some types of debts that are not eliminated or "… Read More
2018-05-09 18:21
A beloved childhood icon that brought warm memories during our childhoods will be no more by the end of 2018. Toys R Us filed bankruptcy in September of 2017 citing huge losses that caused a… Read More
2018-05-03 18:19
There are several unnecessary worries when deciding to file for Chapter 13 bankruptcy. While keeping your job is of the utmost importance, you should find solace in the fact that you can&rsq&hell…Read More
2018-05-01 18:15
If you are in the predicament of being behind on payments, you have most likely received an attempt to collect the debt from the company or person. While debt collection “bullies&rdquo&hell…Read More
2018-04-25 18:13
A subprime loan is commonly referred to a secured interest loan made to an individual with a credit score of 620 or lower. Interest rates are normally higher on these types of loans in order… Read More
2018-04-17 18:03
As we enter the last two shopping weeks before Christmas, more and more people are reaching for their credit card, and unintendedly adding to the record level of consumer debt in America. Th… Read More
2018-04-11 18:08
For many of those in extreme debt, Chapter 13 bankruptcy is a shining beacon of hope and relief. Not everyone qualifies, however, for Chapter 13 bankruptcy in California. It’s also not… Read More
2018-04-10 18:29
Anyone who has been in debt knows that it can be a stressful situation. Consequently, a number of studies have shown an adverse relationship between debt and your physical and mental health… Read More
2018-04-05 18:26
After Bankruptcy, California is testing a new form of welfare called “universal basic income”. The new universal basic income, or UBI, is initially funded by a tech group called… Read More
2018-04-03 08:15
Most things in life are “give and take”, and Chapter 7 bankruptcy isn’t much different. It’s true that Chapter 7 bankruptcy can be an enormous lifeline to individuals… Read More
2018-03-29 18:12
An unexpected traffic accident, the sudden onset of a major disease, or an extended hospital stay due to illness or injury are a few of the emergencies that can cause an enormous spike in me… Read More
2018-03-27 18:08
Many individuals who are struggling with debt worry they will lose their home if they file for Chapter 7 bankruptcy. Consequently, we hear the “Can I keep my house in Chapter 7 bankrup… Read More
2018-03-23 18:18
Bankruptcy attorneys in Sacramento, CA often get asked about the differences between debt consolidation and bankruptcy and which one causes more damage to your credit. A Chapter 7 bankruptcy… Read More
2018-03-21 15:12
When filing bankruptcy, your bankruptcy attorney will explain the filing process which includes filling out a list of creditors and the amount of debt that you owe them. The bankruptcy court… Read More
2018-03-15 15:05
Because a Chapter 13 bankruptcy typically lasts 3-5 years, the chapter 13 bankruptcy trustee plays a crucial role in your bankruptcy proceedings. In a Chapter 13 bankruptcy, you will create… Read More
2018-03-13 14:59
In a severe blow to Jazz lovers in the area, the Sacramento Traditional Jazz Society filed for Chapter 7 bankruptcy protection this week, putting an end to the Sacrament Music Festival, prev… Read More
2018-03-07 14:56
Sometimes, paying to go broke doesn’t seem like the most logical or straightforward answer to debt relief. In fact, requiring a fee to file bankruptcy, to some, seems like an oxymoron… Read More
2018-03-01 15:34
In bankruptcy, a creditor’s claim is a right to payment by a debtor. In turn, a debt is defined as a liability on that claim. So in other words, when we say that a creditor has a claim… Read More
2018-02-27 15:29
Having to face a lawsuit is by far one of the most stressful things a person can endure. By filing for bankruptcy protection, you are automatically given what is called an “automatic s… Read More
2018-02-22 17:07
When one files for bankruptcy their debts are divided into three main classifications to determine what they will have to pay back and what will be wiped out. The three classifications of de… Read More
2018-02-20 17:01
When you file a petition for Chapter 13 bankruptcy protection, you present a payment plan that, once approved, obligates you to make monthly payments to the bankruptcy trustee, who will then… Read More
2018-02-15 16:59
Faced with over $2.5 million in debt, the Cedarville California-based Surprise Valley Health Care District filed for Chapter 9 bankruptcy protection this week. The company is the owner and o… Read More
2018-02-13 16:55
Bankruptcy is a legal procedure which allows individuals, businesses, and even government entities to eliminate debt with the protection of the federal bankruptcy court. A bankruptcy case is… Read More
2018-02-08 18:08
A recent survey by CareerBuilder showed that over 75% of households in America are living paycheck-to-paycheck. This issue, exacerbated by overspending, is potentially dangerous especially w… Read More
2018-02-06 18:05
A personal guarantee is an agreement to make oneself personally liable for a debt to a lender. These are often used by small business owners to secure lines of credit by putting up their per… Read More
2018-02-01 18:02
Bankruptcy lawyers in Sacramento California are most commonly asked how an individual can qualify for Chapter 7 bankruptcy and what qualifications or standards need to be met in order to fil… Read More
2018-01-30 17:58
The US Trustee assigned to the Chapter 11 Bankruptcy protection case for Global Brokerage Inc. raised concerns this week about the exchange broker’s bankruptcy reorganization plan. Glo… Read More
2018-01-24 18:11
The previous 24 months has been a tough one for retailers with a high brick-and-mortar footprint. No less than 21 major brand name companies with traditional retail models filed voluntary pe… Read More
2018-01-17 21:19
What happens to rental property in bankruptcy, like most facets of bankruptcy law, depends on whether you file Chapter 7 bankruptcy or Chapter 13 bankruptcy. Furthermore, the state in which… Read More
2018-01-11 21:04
Much of the negative feeling towards bankruptcy revolves around not knowing what will happen if you file chapter 7 or chapter 13 bankruptcy. As a result, one of the biggest questions surroun… Read More
2018-01-04 21:00
A Chapter 7 bankruptcy case is typically the quickest and simplest type of bankruptcy in Sacramento. After filing bankruptcy, you can typically expect to have your eligible debts discharged… Read More
2018-01-04 20:55
A typical question we hear revolves around credit card usage before bankruptcy. Specifically, individuals want to know how using a credit card with the months leading up to filing for bankru… Read More
2018-01-02 20:48
When you file for bankruptcy protection, the U.S. Bankruptcy Court will assign a bankruptcy trustee to your bankruptcy case. Bankruptcy trustees are an important function of your bankruptcy… Read More
2017-12-27 01:15
When filing for bankruptcy protection, a very common question we hear often is about how chapter 13 bankruptcy affects your credit. No matter which type of bankruptcy works best for your per… Read More
2017-12-20 01:14
“A fool and his money are soon parted” is an old English proverb that some scammers take seriously during the holiday season. It seems like every Christmas new scams are concocte… Read More
2017-12-13 01:12
A man serving an 18-year prison sentence after pleading guilty to wire fraud, bankruptcy fraud, and money laundering escaped from a minimum security prison in California last week and is sti… Read More
2017-12-06 01:09
When faced with overwhelming debt, Chapter 13 bankruptcy exists as a form of debt relief, enacted by the federal government. Chapter 13 bankruptcy, or repayment bankruptcy, is an alternative… Read More
2017-11-22 18:26
Some of the most common questions we hear at our Sacramento bankruptcy office are centered on how bankruptcy affects tax debts. It’s not surprising that individuals want to know how fi… Read More
2017-11-15 18:20
While it may be hard to assign a value to everything you own, the valuation of your property is very important when filing for bankruptcy. When you file for bankruptcy protection, there are… Read More
2017-11-08 22:01
Much of the anxiety surrounding bankruptcy is a factor of the timing. It is said that timing is everything and nothing could hold truer when it comes to the timing of filing a bankruptcy pet… Read More
2017-11-01 21:54
In both California Bankruptcy law, as well as Federal bankruptcy law, there is no requirement that says you must have a job in order to declare bankruptcy. In fact, loss of employment, is a… Read More
2017-10-25 22:11
Many individuals struggle with massive amounts of credit card debt. It typically begins when you miss a payment or two, and then start to fall more and more behind. The interest on the debt… Read More
2017-10-18 22:08
A garnishment is the legal process for collecting a monetary judgment on behalf of a plaintiff from a defendant. Garnishments allow the plaintiff, or the “garnishor”, to take mon… Read More
2017-10-11 22:06
We’ve discussed what happens to your primary residence when filing for bankruptcy protection, but what happens to vacation homes in Chapter 7 bankruptcy? Chapter 7 bankruptcy protectio… Read More
2017-10-04 22:04
The San Francisco, California based children’s apparel store, Gymboree, was approved to exit Chapter 11 bankruptcy on September 7th, 2017. The company plans to cut $1 billion worth of… Read More
2017-09-21 00:27
California traffic fines are some of the highest in the country, so it’s not a surprise that a single speeding ticket could lead to excessive debt when trying to repay the traffic tick… Read More
2017-09-19 00:23
Even though employment law and bankruptcy law are two separate areas of the law, they often intersect when individuals are concerned about their employment and how a California bankruptcy wi… Read More
2017-09-13 00:21
Making the decision regarding which chapter of bankruptcy to file is a difficult one. The decision to file Chapter 13 bankruptcy over Chapter 7 depends on what type of debt you are seeking t… Read More
2017-09-05 00:18
Except for a handful of exceptions, anyone wishing to file for either Chapter 7 or 13 bankruptcy must take a credit counseling course within 180 days prior to filing for bankruptcy. This new… Read More
2017-08-24 21:39
Typically, when someone files for Chapter 7 Bankrtupcy they must pass what is referred to as a Chapter 7 means test. But many former service members ask how bankruptcy work for veterans and… Read More
2017-08-22 21:33
Few things in life can cause as much anxiety, confusion, and apprehension than making the decision to file bankruptcy. Filing bankruptcy, after all, is a big decision and has long term finan… Read More
2017-08-10 22:49
Overspending, loss of a job, medical bills, and lack of savings are among the top reasons for debt in America. Additionally, high household debt levels are still normal and haven’t cha… Read More
2017-08-08 22:47
For those drowning in debt and unable to pay bills for basic necessities, a short term loan such as a payday loan, cash advance loan, or title loan may seem like an intriguing option. Howeve… Read More
2017-07-27 00:30
One of bankruptcy law’s most useful tools is the automatic stay. With an automatic stay the bankruptcy court prohibits creditors from continuing any activities related to collections… Read More
2017-07-25 00:27
There are many considerations revolving around student loans whether you are repaying them, shopping for student loans for you or a child, or are currently in default. Student loan debt is a… Read More
2017-07-20 08:16
In a Chapter 13 bankruptcy case, you formulate a repayment plan for your debts using your income in order to pay some or all that you owe to creditors over a three to five year period. The l… Read More
2017-07-18 08:11
If you are in a situation where you are faced with dealing with bill collectors, it may seem like a stressful situation. One thing the bill collector can do to make a bad situation worse is… Read More
2017-07-13 00:08
With shopping, music, dating, and many more facets of life going digital, it shouldn’t be much of a surprise that debt collectors are getting in on the digital act as well. Digital deb… Read More
2017-07-11 00:05
On June 27th, California Governor Jerry Brown signed legislation that will take away most of the authority of the state tax collection agency, also known as the California Board of Equalizat… Read More
2017-07-05 23:39
Bankruptcy exemptions are an important factor in both Chapter 7 and Chapter 13 bankruptcies in California. Bankruptcy exemptions include assets or property that you are allowed to keep after… Read More
2017-07-03 23:35
Chapter 13 bankruptcy, sometimes referred to as repayment bankruptcy, is a form of debt relief that allows a debtor to restructure their debt and pay back their creditors over the course of… Read More
2017-06-15 01:16
There are numerous debt repayment options, each with their own sets of pros and cons. You can choose one of these after factoring in your debt amount, income, monthly expenses, credit… Read More
2017-06-13 01:12
Located at the confluence of the American River and the Sacramento River, Sacramento is also the capital city of the state of California in the US. Renowned for its diverse ethnicity, humong… Read More
2017-06-09 00:51
If you are struggling with an overwhelming debt on your home mortgage and/or high-interest credit cards, you are not alone. Given the current economic situation in the country, there are mil… Read More
2017-06-07 00:46
Dealing with a massive debt is extremely difficult if you are unable to manage your finances well. However, there are ways in which you can deal with your crippling debt more efficiently. De… Read More
2017-05-31 23:39
One of the most popular ways of getting repo’d car back is by filing Ch 13 in California. Regardless of whether it is a small car, SUV, truck, van or motorcycle, you can always get it… Read More
2017-05-25 00:36
Economists have found out that unlimited data mobile phone plans help limit inflation of the country. The unemployment levels are low and the job market is tightening. However, core inf… Read More
2017-05-23 00:43
If your student loan debt is giving you constant cold sweats and nightmares, you are not alone. There are millions of students in our country that are bogged down by their crippling student… Read More
2017-05-18 10:44
Often taken as a last minute measure, payday loans are a high-interest, easy-to-procure kind of advance that are meant to be paid back in a few months. Under bankruptcy though, they are trea… Read More
2017-05-16 10:38
Cashing out 401K to pay debt seems like a great idea till you get all the facts. There are a few, and let’s be clear about it. There are a few instances where it makes sense to do this… Read More
2017-05-11 00:40
Filing for bankruptcy or even the thought of it is quite disconcerting. Money management strategies are a dime a dozen, but not all of them actually work. They are like diets, they will work… Read More
2017-05-09 00:31
Debt is something that all of us face at some point in time. The ideal way to keep debt is paid on time and manageable balances. Debt management options are to be considered when in over you… Read More
2017-05-04 00:27
People assume that filing for bankruptcy means all debt is written off. This isn’t the entire picture. Some debts will be erased and others repaid. Secured loans are all paid… Read More
2017-05-02 00:19
Some homes have depreciated in the recent times. You might consider getting your second mortgage in bankruptcy discharged under chapter 13. The elimination of the second mortgage is carried… Read More
2017-04-20 00:31
Contrary to popular belief, you can always discharge your income tax debts in Chapter 7 bankruptcy. However, in order to be able to do so, your tax debts must meet the basic requirements sti… Read More
2017-04-18 00:27
A judge in the U.S. District Court for the Northern District of California has ruled that if a business is going through a Chapter 13 bankruptcy, it need not find a place in its credit repor… Read More
2017-04-06 00:33
Living with a poor credit history in the US is pretty tough to deal with. Bad credit will make a lot of things including insurance, utilities, loans fairly expensive for you to pr… Read More
2017-04-04 00:27
Credit cards affords you the flexibility for dealing with financial emergencies. However, doing so unmindfully can end up stacking an overwhelming amount of debt that is hard to pa… Read More
2017-03-23 01:05
In case you file for bankruptcy while you have an active mortgage loan, there are many different ways in which it can play out. Depending on your lender, you can reaffirm the loan or you mig… Read More
2017-03-21 01:05
If you have an existing car loan when you file for bankruptcy, there are five options for you. In most cases, you might even be able to hold on to your car. It depends on how far through you… Read More
2017-03-09 15:43
If you are one of millions facing serious debt problems, don’t worry. There are ways to get out from under your debts. The first step is admitting your debts are a problem. Next, devel… Read More
2017-03-07 15:16
Debt. It is a word that scares the best of us. For most people, it is a sign of a problem. A sign that their finances are out of control and they need help. Some people even carry debts that… Read More
2017-03-02 08:00
Medical debt problems were once blamed on a lack of insurance coverage. Now that uninsured rates are down people are still experiencing high levels of medical debt. A closer looks revea… Read More
2017-02-28 08:00
The costs of healthcare go beyond high monthly premiums and co-pays. For many families unpaid medical bill debt problems are growing. Each year the number grows, leading more people int… Read More
2017-02-23 08:00
If you are lucky enough to get a tax refund this year, be thankful. Not everyone gets money back. A lot of people owe the IRS. How do you plan to use your tax refund this year? A vacation? A… Read More
2017-02-22 08:00
Donating to charity is always a positive thing. A separate benefit is a deduction on your tax liability total. As tax filing deadline approaches you may be considering making a donation this… Read More
2017-02-21 20:37
It is tax season once again. With it comes the dreaded April 15th deadline for filing taxes. If you are anticipating getting a tax refund are you really getting all you can? Follow these max… Read More
2017-02-09 08:00
As tax time approaches many families are feeling a sense of dread. Not everyone gets a refund during tax season and owe the IRS instead. Since tax debts are a specific type of debt, traditio… Read More
2017-02-07 08:00
It’s that time of year people dread: tax season. Filing taxes is daunting enough, and adding in debt problems is a recipe for disaster. Which is exactly what scammers hope to convey. B… Read More
2017-01-26 14:52
The average college student owes $37,172 in debt. That represents one year’s paycheck for many graduates. Interest fees are rising each quarter as a result of changing interest rates… Read More
2017-01-24 14:50
Americans now owe more in student loan debt than in credit card debt. Approximately 71% of all college graduates now carry student loan debt. Of those dealing with student loan debt, 15% are… Read More
2017-01-19 19:19
Dealing with debt is overwhelming. The impact on your personal life can be stressful. As a result, people often search for debt relief options to help. Bankruptcy is one debt relief op… Read More
2017-01-17 19:16
Are you living paycheck to paycheck? Do you feel like you’re drowning in debt? Do you want to be debt free? Getting out of debt isn’t always easy it. There are tips for paying do… Read More
2017-01-12 08:00
Filing for bankruptcy can be a sound financial decision when hardship strikes and debts become unbearable. If you are considering filing for an Elk Grove bankruptcy there are some important… Read More
2017-01-10 08:00
Mortgage debt problems can be stressful, but so is losing a home to foreclosure. For many people who have suffered financial hardship, bankruptcy offers a way to resolve debt problems and re… Read More
2017-01-05 15:22
It is estimated that medical debt is one of the largest causes of bankruptcy filings in America today. People suffering chronic or serious illnesses are the most vulnerable because their med… Read More
2017-01-03 15:20
Nearly one-third of all consumers have at least one account in collections on their credit report, and over 20% of these are due to medical bill debt. Many people aren’t even aware tha… Read More
2016-12-29 17:30
Your home is your biggest asset and one that brings you much pride. Owning a home is a big responsibility that comes with a lot of work. Unfortunately, hard times can fall on good people thr… Read More
2016-12-27 17:28
Over 40% of American households carry some credit card debt, and many of those carry balances over $5,000. Although having some credit card debt can actually benefit your credit profile, the… Read More
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