Personal Bankruptcy Attorney California Personal bankruptcy is the legal process by which an individual unable to repay his or her creditors is able to legally reduce or eliminate his or her debts. The two most common forms of personal bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy. If you are facing overwhelming debts and are considering bankruptcy, Hamid Soleimanian, personal bankruptcy attorney in California, can help. The type of bankruptcy for which you qualify will depend largely on your income. If your income is lower than the median for your area or irregular or unpredictable, you may qualify for a Chapter 7 bankruptcy. If you receive a regular or predictable income and are able to pay your living expenses with some left over to pay your creditors, you may qualify for a Chapter 13 bankruptcy. Hamid Soleimanian, California personal bankruptcy attorney, can help you determine which form of bankruptcy you qualify for and which may be most appropriate for your situation. California Personal Bankruptcy AttorneyA Chapter 7 bankruptcy will essentially liquidate your nonexempt assets and use the resulting funds to pay off your creditors. However, many debtors will be able to retain all their assets thanks to bankruptcy exemptions. Bankruptcy exemptions allow individuals to keep a portion of their personal property, some of the equity in their homes, jewelry, heirlooms, and other belongings to help them maintain a basic standard of living. California allows people to choose from two sets of exemptions. Hamid Soleimanian, personal bankruptcy lawyer in California, can help you determine which is best for your personal situation.A Chapter 13 bankruptcy allows individuals who are in arrears or at risk of losing their homes or other property to catch up on late or missed payments and stop creditor harassment through a court-approved repayment plan. Within three to five years, secured debts and some of the unsecured debts will be paid off. Any debts that remain after you have successfully completed your repayment plan will be eligible for a discharge, just as with a Chapter 7 bankruptcy. Contact Hamid Soleimanian, Personal Bankruptcy Lawyer California To learn more about how bankruptcy can help you get a financial fresh start or to schedule your consultation, contact Hamid Soleimanian, California personal bankruptcy lawyer, today. |
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Samuel- Woodland Hills, CA
My wages were being garnished, and I was getting sued by creditors. I could not pay my debts to credit card companies. Hamid Soleimanian filed a chapter 7 bankruptcy for me and stopped my wages from b...