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CALIFORNIADEBTRELIEF®.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

advice.

CALIFORNIA RESOURCE GUIDE A free membership site that lists carpool/ridesharing opportunities. Service is popular with students and university networks. Get Help Now or 855-ZIMRIDE (855-946-7433) State of Credit Card Debt. $ 20,827.17. Average credit card debt reported by California residents to CaliforniaDebtRelief.org. California's Trusted Name in Debt Relief. ABOUT CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

advice.

CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

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ABOUT CDR CALIFORNIA DEBT RELIEF About Us. CaliforniaDebtRelief.org assists individuals and families in debt by serving as a locator service for BBB accredited companies. These companies specialize in specific debt relief categories, including debt management through credit counseling agencies, debt consolidation, debt negotiation, debt settlement and debt mediation. CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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PEOPLE HELPING PEOPLE Our mission: We believe people in debt deserve to know the debt relief options available to them. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG Understanding Debt Relief Options. Many residents who are experiencing tough financial times and searching for debt relief options are considering a wide variety of debt relief programs, in addition to personal bankruptcy. ABOUT CDR CALIFORNIA DEBT RELIEF About Us. CaliforniaDebtRelief.org assists individuals and families in debt by serving as a locator service for BBB accredited companies. These companies specialize in specific debt relief categories, including debt management through credit counseling agencies, debt consolidation, debt negotiation, debt settlement and debt mediation. CONTACT CDR CALIFORNIA DEBT RELIEF support envoymediagroup com or by calling (818) 708-7814 PST. Thank You, CaliforniaDebtRelief.org is owned and operated by: Envoy Media Group, Inc. 19350 Business Ctr Drive. Suite 101. Northridge, CA 91324. Phone: (800) 708-2392. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not FREE DEBT SAVINGS ESTIMATE Take a moment to get a free debt savings estimate at CaliforniaDebtRelief.org CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not FREE DEBT SAVINGS ESTIMATE Take a moment to get a free debt savings estimate at CaliforniaDebtRelief.org CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

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ABOUT CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIA RESOURCE GUIDECALIFORNIA DEBT RELIEF AGENCIESCALIFORNIA DEBT RELIEF INFORMATIONCALIFORNIA DEBT RELIEF SCAMSOUTHERN CALIFORNIA DEBT CONSOLIDATIONCALIFORNIA DEBT RELIEF ORG COMPLAINTSCALIFORNIA DEBT RELIEF ORG COMPLAINTS A free membership site that lists carpool/ridesharing opportunities. Service is popular with students and university networks. Get Help Now or 855-ZIMRIDE (855-946-7433) State of Credit Card Debt. $ 20,827.17. Average credit card debt reported by California residents to CaliforniaDebtRelief.org. California's Trusted Name in Debt Relief. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

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CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

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CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not FREE DEBT SAVINGS ESTIMATE Take a moment to get a free debt savings estimate at CaliforniaDebtRelief.org PEOPLE HELPING PEOPLE Our mission: We believe people in debt deserve to know the debt relief options available to them. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

advice.

CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

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CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

to bridge the

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CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not FREE DEBT SAVINGS ESTIMATE Take a moment to get a free debt savings estimate at CaliforniaDebtRelief.org PEOPLE HELPING PEOPLE Our mission: We believe people in debt deserve to know the debt relief options available to them. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

advice.

CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

to bridge the

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CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

to bridge the

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CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not FREE DEBT SAVINGS ESTIMATE Take a moment to get a free debt savings estimate at CaliforniaDebtRelief.org PEOPLE HELPING PEOPLE Our mission: We believe people in debt deserve to know the debt relief options available to them. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

advice.

CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

to bridge the

CALIFORNIA RESOURCE GUIDECALIFORNIA DEBT RELIEF AGENCIESCALIFORNIA DEBT RELIEF INFORMATIONCALIFORNIA DEBT RELIEF SCAMSOUTHERN CALIFORNIA DEBT CONSOLIDATIONCALIFORNIA DEBT RELIEF ORG COMPLAINTSCALIFORNIA DEBT RELIEF ORG COMPLAINTS The California Resource Guide is a summary, and your instant connection, to the state's top resources offering basic human and health-related services. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. GOVERNMENT DEBT RELIEF Government Debt Relief. Many California residents, along with countless others across the country, are struggling to make ends meet. If you're barely paying monthly credit card minimums and living paycheck to paycheck, you might be looking for government assistance

to bridge the

CALIFORNIA RESOURCE GUIDECALIFORNIA DEBT RELIEF AGENCIESCALIFORNIA DEBT RELIEF INFORMATIONCALIFORNIA DEBT RELIEF SCAMSOUTHERN CALIFORNIA DEBT CONSOLIDATIONCALIFORNIA DEBT RELIEF ORG COMPLAINTSCALIFORNIA DEBT RELIEF ORG COMPLAINTS The California Resource Guide is a summary, and your instant connection, to the state's top resources offering basic human and health-related services. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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CALIFORNIADEBTRELIEF.ORG This site is a free educational and motivational resource to help California residents. The free do-it-yourself (DIY) educational resources, articles, and videos on this site, as well as links provided to state and federal hardship assistance are for informational purposes only and not FREE DEBT SAVINGS ESTIMATE Take a moment to get a free debt savings estimate at CaliforniaDebtRelief.org PEOPLE HELPING PEOPLE Our mission: We believe people in debt deserve to know the debt relief options available to them. CALIFORNIADEBTRELIEF.ORG CaliforniaDebtRelief.org is a free resource to help California residents learn how to manage personal finances responsibly. The app, free DIY tools, articles, and videos on this site, as well as links provided to state and federal resources, are for informational purposes only and not to be construed as financial planning or legal

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WHICH DEBT RELIEF PROGRAM SAVES YOU THE MOST EACH MONTH? See if you qualify to: * _Lower_ Your Monthly Payments * _Pay off_ Credit Card Debts _Faster_ * _Reduce_ Your Interest Rates * Settle Your Credit Cards _for Less_

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DEBT RELIEF

How It Works

Over the years one of the most common questions we get from people who come to our site is "How does it work?" This video explains how the free debt relief savings estimate works, how debt relief programs work and if there is any cost. Free Guide to Debt Relief

What We Do

Debts Piling Up When you own your own business, it's easy for credit card debts to become a problem – bills piling up, creditors calling, and you need a way out. The good news is, debt relief can help you save money each month and take control of credit card debts. Supporting a Family Credit card debts can add up quickly, especially when families run into unexpected expenses like medical bills, or loss of a job. The good news is there are credit card debt hardship programs that can help you. Financial Hardships When you go through tough times and credit card debt start closing in on you – it feels good to know there are debt hardship assistance programs to help you get back on track. Retire Debt Free When you're planning for retirement, paying monthly credit card minimums will get in the way of your dreams. The good news is, credit card companies may be willing to reduce your interest rates, waive late fees or even settle debts for much less than you

owe.

Creditors Calling? When you're falling behind with credit card debts and creditors are calling – it feels great to know that there's a debt program to lower your payments and get you out of debt much faster than you ever imagined. Unexpected Bills Credit card debts and unexpected medical bills can put you in a real bind. Fortunately, debt relief plans can reduce interest rates, lower monthly payments, and help you get out of debt

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California Debt Relief Options

Pros and Cons

Debt ConsolidationDebt SettlementDo-It-Yourself Debt ReliefBankruptcy Introduction to Debt Consolidation

03:15

Debt Consolidation

By Walter E. Burch

Debt consolidation is a debt relief option allowing individuals to combine or "consolidate" multiple higher-interest credit card, or other unsecured debts (such as medical bills, store or gas cards) into a single, more affordable payment each month. Typically, debt consolidation programs are coordinated by debt counselors who customize a "debt management plan" providing consumers with a proven and predictable path to get out of debt. PROS OF DEBT CONSOLIDATION * Provides proven, predictable program to become debt free * Saves money, reduces interest, waives late fees/penalties * Allows you to pay off debts at a pace that fits your budget * Manages multiple debts via single more affordable payment * Puts you back in control of finances to help reduce stress CONS OF DEBT CONSOLIDATION * Requires discipline to make single monthly payment * If you default, you revert to original creditor agreement * Creditors not required to accept debt relief proposals * Often takes 3-5 years, or more, to become debt free * While not necessarily harmful to your credit score, will be "noted" on your report Debt Consolidation Summary

01:11

What to Expect with Debt Consolidation

Summary

CONSUMER DEBT INFORMATION Resources to help California residents in need of debt relief

assistance.

* Your Rights with Debt Collectors

* Coping with Debt

* Foreclosure Assistance * Other Government Programs * Financial Well-being Check If you have multiple credit cards and other unsecured debts like medical bills, doctor bills, store cards, unsecured personal loans, and more – a debt consolidation program coordinated through a debt counselor may be the ideal debt relief option to help you live within a set budget, reduce debts, and get on a path to become debt-free. How do debt consolidation programs, or debt management plans work? Typically, debt consolidation programs are coordinated by debt relief specialists, or debt counselors, who conduct brief interviews with you to get details on your credit cards and other debts, as well as how much you can realistically afford to pay each month to get out of

debt.

Based on this information, your debt specialist will then customize a "debt management plan" for you. Once you approve the plan, letters will be sent on your behalf to each of your creditors requesting the benefits of debt relief – such as lower interest rates, a waiving of late fees and penalties, and generally more favorable repayment terms. Those creditors who accept the proposals are then added to the debt consolidation or debt management program. For those that do not accept debt relief proposals, you are still obligated to live up to the original terms of your cardholder agreement. It's important to understand that, just as no two debt situations are exactly alike, no single debt solution is right for everyone. Your debt specialist can provide more details regarding debt consolidation or debt management as part of your free debt relief analysis and

savings estimate.

Debt Settlement Pros & Cons

02:43

Debt Settlement

By Walter E. Burch

Debt settlement is a debt relief option that has become increasingly popular among people who need relief from high-balance credit cards (typically $20,000 to $125,000 or more). Through debt settlement, debt specialists negotiate with creditors on your behalf – with the goal of "settling" your credit card debt for substantially less than you

currently owe.

PROS OF DEBT SETTLEMENT * By settling debt, you can save a substantial amount of money * Can help you settle credit cards in as little as 12-36 months * Allows you to make low monthly payments you can afford * Settles debt and provides alternative to bankruptcy * While negative to credit, not as severe or long-lasting as

bankruptcy

* Unless "attorney-based" fees only paid after successful settlement CONS OF DEBT SETTLEMENT * Typically only benefits those with high-balance credit cards * Amount of money saved through debt settlement subject to taxes * Requires discipline to "set aside" money for successful settlement * Creditors may threaten, or take, legal action to collect debt * Negative impact on credit due to default on credit agreements * Creditors may not agree to accept your debt settlement offer What to Expect with Debt Settlement

01:00

What to Expect with Debt Settlement

Summary

If you have one or more high-balance credit cards and are going through financial hardship – credit card companies may agree to "settle" your credit card debt for substantially less than you

currently owe.

How does debt settlement work? A debt relief specialist will review your current credit card debts and the amount of money you can afford to set aside each month to accumulate a "settlement fund". Debt specialists will then negotiate with credit card companies on your behalf with the goal of settling debt for substantially less than you

currently owe.

How much debt settlement could potentially save depends largely on the amount of credit card debt involved, your current financial circumstances – and the settlement policies of credit card

companies.

It's important to understand that, just as no two debt situations are exactly alike, no single debt solution is right for everyone. Your debt specialist can provide more details regarding debt settlement or debt negotiation as part of your free debt relief analysis and savings

estimate.

Do-It-Yourself Debt Relief

01:17

Do-It-Yourself Debt Relief

By Walter E. Burch

There are many well-respected self-help credit and debt experts who provide a wealth of valuable advice on the wise use of credit and how to become debt free – experts such as Dave Ramsey, Suzie Orman, Clark Howard, and many others. But regardless of the system you follow – the first step in a successful do-it-yourself debt relief program is to do everything possible to live within your means – avoiding unnecessary "impulse" purchases that cause debts to spiral out-of-control. By creating and maintaining a realistic budget, you will avoid taking on additional debt. In addition, you can take steps on your own to reduce existing debt by contacting creditors directly to request more favorable interest rates or terms, or offer to settle debt for less than the full amount owed. The bottom line: If you have high-interest credit cards and other debts and are struggling to make ends meet – you are in need of debt relief. Whether you take advantage of a debt relief program such as debt consolidation or debt settlement, or commit yourself to take control of your finances and negotiate with creditors on your own – take positive steps today to get on the path to become debt-free. 7 IMPORTANT DEBT RELIEF TIPS * Create a realistic spending plan – a personal or family budget * Set aside money each month to pay down your existing debt * Stick with your plan. Avoid unnecessary "impulse" purchases * Contact your creditors requesting lower interest rates or to

settle debt

* Pay down debts one-by-one, starting with highest-interest debt * Don't use credit cards! Use a debit card to stay on track * Avoid taking out additional loans that add to your debt load Bankruptcy Pros & Cons

01:45

Bankruptcy

By Walter E. Burch

Bankruptcy is generally considered to be the debt relief option of last resort. There are several types of bankruptcy: Chapter 7 (straight bankruptcy or liquidation), Chapter 13 (reorganization of debts), and Chapter 11 (debt reorganization normally used by a business or partnership). While a successful bankruptcy can provide a fresh financial start – individuals or businesses should carefully consider bankruptcy before proceeding because of its long-term financial implications.

PROS OF BANKRUPTCY

* Debtors given a fresh start – a new financial lease on life * Upon filing Chapter 7 or 13, collection efforts must stop * Debts discharged. Creditors forgive most unsecured debts * Your home, auto, and other essentials may be protected * Wages you earn after bankruptcy go to you, not creditors * From bankruptcy filing to relief takes about 3-6 months

CONS OF BANKRUPTCY

* Bankruptcy stays on your credit report up to 10 years * Makes it difficult to obtain credit for home, auto, and more * Requires forfeiture of your existing credit cards * You lose property not exempt from sale by trustee * Doesn't discharge student loans, tax debt, alimony * Debt option of last resort that can be embarrassing

Bankruptcy Summary

01:20

Bankruptcy

Summary

While bankruptcy is a debt relief option that has been able to provide a fresh start for many individuals, families, and businesses – it is a serious decision that should be carefully considered with the assistance of a financial advisor or attorney who can help determine if bankruptcy is the proper course of action. Prior to 2005, those filing bankruptcy could choose the type of bankruptcy they preferred – and most elected to file Chapter 7 straight bankruptcy (liquidation) over Chapter 13 (structured repayment). However, rules enacted in 2005 now requires those filing Chapter 7 to pass a "means test" – to qualify, they must earn equal to or less than the average monthly income for a family of their size

in their state.

In addition, before you can file for Chapter 7 or Chapter 13 bankruptcy, you are now required to complete credit counseling with an agency that has been approved by the United States Trustee's office. While bankruptcy plays a vital role to help rescue individuals and businesses, it is important to recognize that it's not the only debt relief option. A debt specialist can provide more details on debt relief alternatives to bankruptcy as part of your free debt relief analysis and savings estimate. Get Relief Without Bankruptcy See If You Qualify for Hardship Relief Get Savings Estimate Menu Get Savings Estimate

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Disclaimer - CaliforniaDebtRelief.org does not provide direct debt adjustment services, but upon request, serves as a locator service for residents of California. For debt consolidation programs, where permissible by law, companies may charge a one-time enrollment fee typically from $25 up to $75 for account establishment and for debt relief proposals submitted on your behalf to each of your creditors. Monthly program administration fees will vary from $5 but no greater than $75 depending on your state of residence and/or the number of creditors who agree to accept proposals and become enrolled in the program. Fees subject to change if permissible by law. For debt settlement programs, by law, you may not be charged any fee until a debt settlement is arranged on your behalf, you approve the settlement, and at least one payment is made towards the settlement. Not all consumers are able to complete debt relief programs for various reasons, including their ability to save sufficient funds. The use of debt resolution services could negatively impact your credit and may result in legal action on the part of creditors or collectors for unpaid balances. Consumers enrolled in debt consolidation programs who fail to adhere to the terms of their debt management plan (DMP) may forfeit the benefits of debt relief and revert to the terms of their original creditor agreements. Read and understand all program materials prior to enrollment. Please contact a debt relief specialist for complete program details. Your debt relief analysis and savings estimate is free, and you are under no obligation to enroll in, or purchase, any product or service. 19350 Business Center Drive | Northridge, CA 91324 California Debt Relief™'s ReliefScore system compares programs and providers in real-time and generates a recommendation based on individual factors and legal options available, designed to provide the best resolution possible.

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