Posted on in Bankruptcy

California family lawyer, California divorce lawyerOne of the most common reasons that a couple gets divorced is due to financial concerns. Similarly, one of the most common reasons that a couple or individual files for bankruptcy is because of a divorce. If you are currently facing the prospect of divorce and bankruptcy, many of your questions can be answered by an attorney, who can also provide the legal assistance that you require to accomplish. We urge you to reach out to an experienced Santa Clara or San Jose bankruptcy attorney today.

Chapter 7 Bankruptcy

Over 5,000 people file for Chapter 7 bankruptcy each year in northern California alone, according to the United States Bankruptcy Court. Chapter 7 bankruptcy can be a great option for getting a fresh start because it does put a cap on the debt limit of the debtor, the debtor does not have to go through with a repayment plan, and it discharges more types of debt. It is a relatively quick and painless process, though there are income limitations. However, you cannot repeat Chapter 7 within a time frame of six years, according to California courts.


Posted on in Bankruptcy

Calfornia bankruptcy attorney, California chapter 7 lawyerFinancial troubles are one of the most common concerns that Americans have on a regular basis. Medical issues are right up there among most people’s worries. Unfortunately, having a serious medical complication, due to an injury or illness, often results in serious financial trouble as well. If you have suffered a traumatic injury, illness, or other medical complication that has caused you crippling debt, bankruptcy may be the right choice. For hundreds of thousands of Americans, filing bankruptcy due to piling medical bills is the only way out.

Sixty-Two Percent of Bankruptcies Are Caused in Part by Medical Bills

According to CNN, roughly 1.5 million Americans file for bankruptcy each year. Moreover, over half of those people file bankruptcy due to a medical reason. From 2001 to 2007, Harvard researchers found that bankruptcies due to medical bills increased by almost 50 percent, growing from 46 percent of all bankruptcies to 62 percent by 2007. The report, published in The American Journal of Medicine, surveyed 2,314 people who had filed for bankruptcy in 2007 to get its findings. The average family has $17,943 in out-of-pocket medical expense.

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