New Updated Amounts for the Bankruptcy Means Test

Household Size              Annual Income               Monthly Income 1                                             $ 69,660                             $5,805 2                                             $ 86,271                             $7,189 3            ...

Estate Planning Checklist to Do Before You Die

This pre-death checklist will get your affairs in order. When Aretha Franklin died intestate—without a legal will—in 2018, she joined a surprisingly long list of famous people, including Prince, who also did the same. By not preparing an estate plan, she made the task...

401k Retirement Planning

401(k)s can be a major factor in retirement planning, adding thousands, or potentially millions, to your savings. Discover the different types of 401(k) plans, how and when to withdraw your funds, and where a 401(k) fits into your retirement strategy. Saving for...

Individual Retirement Account (IRA)

What Is an Individual Retirement Account (IRA)? An individual retirement account (IRA) is a savings account with tax advantages that individuals can open to save and invest in the long term. Like a 401(k) account that an employee obtains as a benefit from their...

Exempt Property in a Chapter 13 Bankruptcy

A Chapter 13 bankruptcy involves the reorganization of a debtor’s assets and the creation of a repayment plan to pay back creditors for debts. This is different from a Chapter 7 bankruptcy (liquidation), which requires that property that does not fall under one...

California Bankruptcy Exemptions and Law

Financial stress is an unfortunate part of life for most Americans. High credit card bills and other unsecured debts, like student loans, cause much of this stress. Delinquent secured debt accounts, like past-due mortgage payments, add to it. For many California...

Benefits of Bankruptcy

Learn what bankruptcy can do to improve your financial situation. Filing for bankruptcy is a complicated, emotional process. It takes more work and time than most people realize, but it can also be the right solution for significant debt issues. The Honest Benefits of...