Articles From Peter Rasla & Associates, P.L.C.
Many Californians saw their homes go “underwater” in the recent recession when real estate market values plunged throughout the state and the nation.
Using credit cards to purchase everything from gasoline to clothes, groceries, restaurant meals, airfare, hotels, and entertainment items is so prevalent in our society that few consumers who have ...
NBC News recently reported that 1.7 million American households will be forced into bankruptcy this year due to medical expenses.
A Chapter 7 personal bankruptcy is the most common form of petition filed in the U.S. and in California.
Foreclosures across the nation are the lowest they have been in over six years.
According to a study conducted by Harvard University, overwhelming medical bills are primary reason why people file for bankruptcy.
In the State of California, 25% of your net paycheck can be cut. For a lot of people, a 25% cut can wreak havoc on their finances.
Bankruptcy has received a bad reputation in the past, however, despite popular belief, bankruptcy can be a very powerful tool in helping people who are drowning in debt, obtain financial relief.
The bankruptcy “means test” is used to determine if a debtor’s income is low enough to file for chapter 7 bankruptcy. In addition, the means test is designed to keep individuals with high income from ...
Making the decision to file for bankruptcy is not an easy one. For some individuals, they did so after things got so bad; their finances spiraled out of control.
If you find yourself not being able to sleep at night because of worrying about how you are going to pay your bills or if you have that sinking feeling that you are never going to get ahead, it may be ...
Not everyone qualifies for a Chapter 7 bankruptcy (sometimes referred to as a straight bankruptcy) and there is a specific method used to determine eligibility called “The Means Test.”
When debt gets out of hand and creditors start calling, you can most likely tolerate it for a while, but when they over step their boundaries it turns into outright harassment.