Archives for November 2013

Filing For Bankruptcy In California

Filing For Bankruptcy In California

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One of the most important things to know about filing for bankruptcy in California is the impact of the 2005 Bankruptcy Act.  This law mandates that all individuals filing bankruptcy after 2005 must go through a six month credit counseling program before they are eligible to file for bankruptcy relief.  In addition, a financial management course must also be completed after that individual has filed for bankruptcy.

The 2005 Bankruptcy Act will also be informative regarding your eligibility to file for Chapter 7 or Chapter 13.  Using the means time, the bankruptcy court looks at your average income over the preceding six months and compares it to California median income.  [Read more…]