Read through our tips on going through bankruptcy.
The 341 Meeting of Creditors is a formal session that is required for all parties filing for bankruptcy. During the Visalia Bankruptcy Hearing, the trustee presiding over the case looks over the assets and debts and asks any questions they might have. Creditors are...read more
Four Tips to Remember When Recovering from Bankruptcy: Brought to You by Labiak Law No one wants to go through bankruptcy, let alone filing Chapter 11. However, sometimes the situation calls for it to happen. The first thing you should do is consider hiring a...read more
The negative aspects of bankruptcy have been well chronicled. Yes, the individual will suffer damage to their credit score. Yes, they may lose some assets. And yes, they might have difficulty getting credit in the immediate future. However, none of those issues are...read more
Debt consolidation and bankruptcy are both procedures that can help you eliminate debt you cannot pay. However, they work in different ways. You can file for bankruptcy while paying off a debt consolidation loan, but certain circumstances may mean the consolidation...read more
Imagine you are a business owner operating in several companies. What happens if you, as a debtor or one of the debtor's claimants, involve claims or assets that exist in more than one country? In the United States, the Bankruptcy Code governs the ultimate form of...read more
Student loan debt is a major concern for today's students and recent graduates. With the cost of higher education rising, more students are financing their future by taking out privately funded and publicly-backed student loans. In fact, the US has around 44 million...read more
The Constitution of the United States charges Congress with the establishment of uniform bankruptcy laws. Although the legislative branch made several efforts in the first 100 years of its existence, those measures were seen as insufficient and were consequently...read more
Are you someone who is tired of creditor calls? Are you covered in debt up to the brim? Well, you’re not alone. There are tens of thousands out there who are battling to sustain through the economic crisis with ‘filing Bankruptcy’ as the only option left to them. That...read more
Your business is in financial trouble. You can’t pay your debts. How do you figure out whether bankruptcy is necessary or helpful for your situation? If you want help knowing if it’s time for you to talk to a lawyer, here are a few questions to ask yourself: Are you...read more
Civil law can apply to many types of cases such as medical malpractice, personal injury and bankruptcy. These types of cases many times have things in common and have cross-over relationships. Bankruptcies usually occur because of three kinds of misfortunes, having...read more
When you file a Chapter 7, Chapter 13, or any bankruptcy, the protection of the automatic stay kicks in. This is a code sections that causes all collection action to cease. This also causes any companies with notice to cease automatic withdrawals from your accounts....read more
A common question that is asked in people trying to avoid bankruptcy is an inquiry about a debt consolidation loan or a signature loan or a home equity loan or some type of loan that if they just had one easy payment, the mess one go away and they could avoid a...read more
Last time we covered bankruptcy before the divorce. This article will focus on filing that Chapter 7 or Chapter 13 Bankruptcy after the divorce. Advantages to filing after the divorce: Advantages: Two sets of exemptions. These means each individual can protect over...read more
Unfortunately, money problems can lead to a divorce. Money problems also lead to Chapter 7 and Chapter 13 Bankruptcy filings. Often times, divorce and bankruptcy are sought at the same time. It is rarely a good idea to do them both at the same time. So here are so...read more
Despite the common knowledge to the contrary, it is possible to reduce or eliminate your student loan debt in a Chapter 7 or Chapter 13 Bankruptcy in Fresno. First off, to discharge these debts, you must file an adversarial proceeding. For most debts, such as credit...read more
by Stephen Labiak, Attorney at Law After how much does it cost to file a Chapter 7 Bankruptcy, the next question is how long is it going to take in Hanford. While every case is different, this is a general time line. -Before you file: This may range from mere...read more
When you file a Chapter 7 bankruptcy in Visalia, or any bankruptcy for that matter, one of the factors to determine if you will have to surrender some of your possessions is if they have any value. So what is the trustee looking for and how do you value items to make...read more
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We know going through any legal situation can be stressful.
Stephen Labiak and his team is here to help guide you step-by-step through this process. We’re here to help you and answer your questions.
Give us a call today for your free consultation and we’ll show you how we set ourselves apart from other law firms in Visalia and Fresno.