There are many reasons that people in California find that it is in their best interest to file for bankruptcy in California. For some, it is the amount of unmanageable debt that they have accumulated. For others it is life changes such as divorce or illness. Regardless, bankruptcy can offer a chance to gain financial relief from overwhelming debts.
The financial crisis was tough on people from all walks of life. This was certainly the case for many of us in California who found that homes and jobs were lost. These losses led some to seek the protections of a personal bankruptcy. Such a filing could help to stop foreclosure actions and limit attempts of creditors to collect debts.