Bankruptcy Attorney California Facing bankruptcy can be a lonely proposition. However, bankruptcy is becoming more common these days, with more than a million people filing every year. With high levels of unemployment, credit card debt, struggles in the economy, and rising levels of medical debt, most people who are facing bankruptcy are doing so through no fault of their own. If you are considering filing for bankruptcy, our California bankruptcy attorney can help you explore your options.Bankruptcy laws are designed to help people get a financial fresh start. Most individuals are eligible for either Chapter 7 or Chapter 13 bankruptcies. Our bankruptcy attorney in California can help you determine which option is best for you as you enter the complex world of bankruptcy petitions. With a Chapter 7 bankruptcy, you will file a petition requesting the court to discharge your debts. Your non-exempt property may be liquidated to pay the expenses and some of your creditors. You will be able to keep your exempt property, which can include some of the equity in your home or tools of your trade. You will need to pass the IRS "means test" to be eligible for a Chapter 7 bankruptcy, so it is essential to discuss your assets and debts thoroughly with our California bankruptcy attorney. California Bankruptcy AttorneyIf you earn regular wages and would prefer to pay off your debts, a Chapter 13 may be a better choice for you. Our bankruptcy attorney in California can help you formulate a plan in which you will pay off some of your debts over the next three to five years. If you are behind in your house or vehicle payments, filing for Chapter 13 bankruptcy may even be able to help prevent foreclosure or repossession of your property in some cases.When you file for bankruptcy with the help of our California bankruptcy attorney, you may be able to discharge your debts, stop creditor harassment, and catch up on late payments. The guidance of our bankruptcy attorney in California can help you avoid missteps throughout this complex legal process, from the initial petition to the final court-ordered discharge of debt. |
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Facing bankruptcy can be a lonely proposition. However, bankruptcy is becoming more common these days, with more than a million people filing every year. With high levels of unemployment, credit card debt, struggles in the economy, and rising levels of medical debt, most people who are facing bankruptcy are doing so through no fault of their own. If you are considering filing for bankruptcy, our