The Law office of Tawni Takagi
If you’re considering filing for bankruptcy, you’re probably at least somewhat familiar with what bankruptcy can do for you: automatic stay protection to stop creditor harassment and discharge of most of your debts for a clean financial start. Still, it’s important that you understand what bankruptcy cannot do and make sure you have realistic expectations … Continue reading "What California Bankruptcy Cannot Do"
If you have any cosigners on loans or credit cards, it may be important to consider how they will be affected if you file for bankruptcy. This is because bankruptcy will not only affect you; it will also impact cosigners and joint accounts. When you file for bankruptcy, a discharge will wipe away your obligation … Continue reading "What Happens to Your Cosigner if You File for Bankruptcy?"
If you’re struggling with debt, especially a high car loan payment, bankruptcy may be a good option for you. Bankruptcy can discharge your debts to give you a fresh start or restructure your existing debts into affordable payments with a three- to five-year payment plan. When you’re struggling with a steep car loan payment, bankruptcy … Continue reading "Reducing Your Car Payment in Bankruptcy"
Bankruptcy can be a frightening prospect, but the truth is it offers a fresh financial start with a legal process that isn’t as complicated as you may think. Despite this, you need to be sure you follow all California bankruptcy rules, meet all deadlines, and avoid mistakes that can complicate your case or even get … Continue reading "Thinking About Bankruptcy? 6 Things to NOT Do"
Student loan debt is hard to get rid of, even through bankruptcy. Unpaid student loans can follow you for decades and even affect you long into retirement. The typical student loan borrower is in their 20s or 30s and facing six-figure debt while starting a career, but new data shows that older Americans are also … Continue reading "Seniors Losing Social Security Benefits Over Unpaid Student Loans"