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Opportunity Financial (OppFi), a lender that offers installment loans with annual percentage rates (APRs) of 160% or more, is seeking approval to acquire BNC Bank and operate as a national bank. If approved, the acquisition...

Most California Chapter 7 bankruptcy cases follow a predictable sequence set by federal law. After filing, debtors typically attend a meeting of creditors within 4 weeks, complete a 60-day objection period, and then receive a...

Yes, in many cases you can keep your car when you file Chapter 7 bankruptcy in California. Still, the outcome depends on three things: how much equity you have, whether your car payments are current,...

California homeowners may be able to keep their house when they file Chapter 7 bankruptcy, but the answer depends on the home’s equity, available exemption protection, and mortgage status. A homeowner with protected equity and...

Choosing between Chapter 7 and Chapter 13 bankruptcy is one of the most important decisions you’ll make when seeking debt relief. Chapter 7 eliminates most unsecured debt quickly, usually in three to six months, while...

After a court judgment is entered against you, the creditor gains the legal right to pursue collection. Wage garnishment is one collection method a judgment creditor may use in California, but money is not withheld...

Most people filing Chapter 7 bankruptcy in California are eligible to keep the majority of their property under the exemptions. California offers two separate exemption systems, known as System 703 and System 704, that protect...

When credit card payments stop, the consequences can build in stages, from late fees and credit damage to collection activity, charge-offs, lawsuits, and possible post-judgment collection. In California, creditors and debt buyers have legal collection...

Several actions can create fraud problems in a bankruptcy case, including hiding assets, making false statements under oath, transferring property to keep it away from creditors, and running up debt with no intent to repay....

The means test is a federal formula that determines whether your income is low enough to file Chapter 7 bankruptcy in California. If your household income falls at or below the state median, you automatically...