California’s economy is the largest in the United States at roughly $3.1 trillion. If California were its own nation, it would become the world’s fifth-largest economy. The cost of living here is also very high, with the median home in California costing more than $550,000. Considering this, it is incredibly easy to fall into massive amounts of debt as a citizen of this state.
Bankruptcy is handled by federal courts, but there are four bankruptcy courts in California. These courts serve the Eastern District with locations in Sacramento, Fresno, Modesto, and Bakersfield, the Northern District with locations in Oakland, San Jose, Santa Rosa, and San Francisco, the Central District with locations in Los Angeles, Riverside, Santa Ana, Santa Barbara, and the San Fernando Valley, and the Southern District with locations in San Diego. In order to find the specific forms and requirements for each court, visit the court’s website.
In order to file for bankruptcy successfully, you will need to prepare a few things for court. First, you will need to calculate your income based on pay stubs for the past 6 months. You will also need to put together a list of all of your creditors. You should review any and every collection notice you receive in the mail. Lastly, you will be required to take a credit counseling course from an approved provider.
We are based in Southern California, and as a legal team, we have dedicated our careers to helping Californians navigate bankruptcy. We have been through this process hundreds if not thousands of times, and we can help you to navigate these courts at both a state and federal level.