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5 Benefits of Hiring Bankruptcy Attorneys in California

Tuesday, February 16th, 2010

When should you file for bankruptcy? In difficult economies, in times of job loss, a family death, or sickness, it may be the last thing on your mind and the last thing you want to do. In fact, there are many crucial benefits of filing either Chapter 7 or Chapter 13 bankruptcy in California. Hiring bankruptcy attorneys in California may sound like giving up, but in fact there are just too many benefits to ignore.

So what’s good about filing for bankruptcy? You’ll lose everything, right? Wrong.

Bankruptcy is a second chance designed to help you with debts you simply cannot pay. Hiring bankruptcy attorneys in California is logical if: you lost your job, you lost your health insurance and became ill, you’ve fallen into debt with credit card companies, or if you fear you’ll lose everything you own because of debts. There are many other reasons for filing, but let’s go over 5 big benefits of hiring bankruptcy attorneys in California.

1-Lose Your Debt by Filing for Chapter 7 or Chapter 13 Bankruptcy in California
In Chapter 7 bankruptcy, you lose all unsecured debts. With Chapter 13 bankruptcy, you buy yourself a lot of time to pay back the debts. The good news is bankruptcy attorneys in California with the right experience know the ins and outs of filing for both Chapter 7 and Chapter 13 bankruptcy. You can get council on which i best for you, how to save the most money, and how to eliminate the most debt.

2-No More Harassment
One big problem those in debt have is creditors calling their homes. It’s harassment in many ways. Technically, creditors can still call you after you file bankruptcy, but hiring bankruptcy attorneys in California or any state makes it possible for you to tell the creditors to call your attorney. Your attorney can handle the problem for you, and you can be free of the headaches.

3-No More Fear and Uncertainty with Bankruptcy Attorneys Help
If you don’t know how to file,the advantages of filing, and how you will pay, bankruptcy attorneys in California can help with the fear and uncertainty. You can know from day 1 what will happen with your finances. Yes, most bankruptcy hearings are short and to the point, but there is a lot of detail that goes on outside the courtroom and in paperwork. You need a professional to help.

4-The Price is Right
Of course, hiring bankruptcy attorneys in California isn’t free, but the right attorney will work with you on payments. Some bankruptcy filings allow for the attorney to be paid through the settlement as well. In either case, it’s much cheaper to hire the right attorney the first time instead of doing it yourself which would be more costly.

5-No Mistakes with Help from Bankruptcy Attorneys in California
Lastly, filing Chapter 7 or Chapter 13 bankruptcy in California can be complicated. You need to know which to file, how to handle certain creditors, how to pay back debt, and how to handle a myriad of other things. The final benefit in hiring professional bankruptcy attorneys is that you can be assured of no mistakes.

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Before You Hire a Bankruptcy Attorney in California

Friday, February 12th, 2010

Hiring a bankruptcy attorney is far  from giving up on your economic future, nor is it always the correct thing to do. Sometimes, however, you should know exactly what’s happening in order to be more confident in filing Chapter 7 and Chapter 13 bankruptcy in California.

So when should you hire a bankruptcy attorney if you live in California? Before you decide whether or not to file Chapter 7 or Chapter 13 bankruptcy, there are some key points you should be aware of.

What Bankruptcy is in California
First, bankruptcy is far from failure. It’s designed to help people who, often through no fault of there own, get large debts. Many California residents file Chapter 7 and Chapter 13 bankruptcy because of job loss, health problems and medical bills, sometimes just to hang onto their homes.

And filing bankruptcy has plenty of pluses too. You get protection from creditor harassment. Technically, creditors can still contact you after you file bankruptcy, but you can also tell the creditors to contact your attorney instead of harassing you.  A bankruptcy attorney in California can take care of this, and it’s a major plus when you aren’t getting calls every day of the week about past due bills.

Other advantages of filing  bankruptcy also point out the crucial advantages  of hiring an attorney. For one, you don’t have to worry so much about all the technical details. You wouldn’t operate on yourself if you were sick, and just as much you shouldn’t be expected to handle everything in the complex bankruptcy process. A California bankruptcy
attorney can save you a lot of nights worrying about whether or not you made a mistake in filing.

This points out another case in point: mistakes. You might make mistakes and draw the process out longer than it needs to be. Time is valuable, so a professional bankruptcy attorney in California can help you navigate complex laws and come out without losing everything.

Hiring a Bankruptcy Attorney in California
Hiring a bankruptcy attorney is smart if you live in any state, but for California residents struggling to pay back debts and with no hope, it’s definitely the smart decision. Before you hire a bankruptcy attorney, you should consider that this person will be a big part of your life during  the bankruptcy. You might think this is a one and done thing, in for 10 minutes and then its over.

Actually, bankruptcy hearings may be short, but they can be very scary. After  all, your whole financial  future is at risk. Beforehand, a bankruptcy attorney will have to do a lot of complicated work, including how to handle creditors.

When You Hire a Bankruptcy Attorney in California
Be critical in who you hire when  it comes to a bankruptcy attorney. This process, if you’ve ever heard of someone in it, can be very stressful if you hire someone who lacks the knowledge to handle it. Hire someone you can trust, who knows the ins and outs of Chapter 7 and Chapter 13 bankruptcy, and has your future in mind.

Bankruptcy is more complicated than it appears on the surface. People who have seen or attended a bankruptcy hearing testify that the meetings are often over quickly. What is not apparent from the meeting is that most of the complicated work is done before the meeting takes place. The hearing should go smoothly if everything was done right ahead of time.

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Advantages of Chapter 7 and Chapter 13 Bankruptcy in California

Thursday, February 11th, 2010

Filing Chapter 7 or Chapter 13 bankruptcy in California can be advantageous for many Americans who face steep medical bills, loss of jobs and homes, divorce, even high credit debt. You can get immediate relief by filing for bankruptcy, but the skills of a bankruptcy attorney in California can help ease the difficulty of the complex process.

What is Chapter 7 bankruptcy and how can it help California residents? What  are the advantages of Chapter 13 bankruptcy? And what are the differences between the laws?

First, it’s important to have the correct bankruptcy attorney to see you through either Chapter 7 bankruptcy or Chapter 13 bankruptcy in California. The laws are designed to provide immediate help . However, not all bankruptcy attorneys are equal in the California area. Choose your attorney wisely.

Advantages of Chapter 7 Bankruptcy
Bankruptcy involves Chapter 7 or Chapters 11,12, and 13. Don’t let that confuse you, as 11, 12, and 13 are very similar. Chapter 7 is called liquidation, and is the most common of all bankruptcy types in California and the country. In this case, a trustee will sell assets and distribute it to those owed money.

The key advantages of Chapter 7 bankruptcy in California are, first, you can eliminate most unsecured debts, if not all of them. Second, the process can be completed in a matter of months with the right bankruptcy attorney. Third, creditors you owe money to will not be able to contact you during the process and after the debts are eliminated.

Another advantage is that you can qualify in most cases simply for Chapter 7 bankruptcy in California. You take a “means test” and file with a credit counselor to be eligible in California.

Advantages of Chapter 13 Bankruptcy
You can also find relief for big debts and headaches via Chapter 13 bankruptcy, which has many advantages and some differences with Chapter 7 bankruptcy. It’s still wise to work with a knowledgeable bankruptcy attorney in California.

With a Chapter 13 bankruptcy filing, the debtor is allowed to use future earnings  to pay off the creditors. Under Chapter 13 bankruptcy, you also use a trustee to supervise the assets of the debtor. The first key advantage is that creditors are not allowed to contact you for debts owed anywhere but the proceeding.

The second advantage is that Chapter 13 bankruptcy in California buys you more time to pay off creditors. This can save you from  losing property or worse. Typically you get 3-5 years to pay off the debts owed. And no creditors will be allowed to contact you during this time span where you are paying them back.

So who can file Chapter 13 bankruptcy in California? A knowledgeable bankruptcy attorney in California can help you with this, but in short any debtor who has unsecured debts below $336,9000 and whose secured debts are less than $1,010,650.

The First and Most Important Step
Hire a bankruptcy attorney in California who can walk you through the entire process. The Chapter 7 and Chapter 13 bankruptcy laws allow you plenty of help when plagued by debts. Give a qualified attorney a call today for bankruptcy help.

Filing Chapter 7 or Chapter 13 bankruptcy in California can be advantageous for many Americans who face steep medical bills, loss of jobs and homes, divorce, even high credit debt. You can get immediate relief by filing for bankruptcy, but the skills of a bankruptcy attorney in California can help ease the difficulty of the complex process.

What is Chapter 7 bankruptcy and how can it help California residents? What are the advantages of Chapter 13 bankruptcy? And what are the differences between the laws?

First, it’s important to have the correct bankruptcy attorney to see you through either Chapter 7 bankruptcy or Chapter 13 bankruptcy in California. The laws are designed to provide immediate help . However, not all bankruptcy attorneys are equal in the California area. Choose your attorney wisely.

Advantages of Chapter 7 Bankruptcy

Bankruptcy involves Chapter 7 or Chapters 11,12, and 13. Don’t let that confuse you, as 11, 12, and 13 are very similar. Chapter 7 is called liquidation, and is the most common of all bankruptcy types in California and the country. In this case, a trustee will sell assets and distribute it to those owed money.

The key advantages of Chapter 7 bankruptcy in California are, first, you can eliminate most unsecured debts, if not all of them. Second, the process can be completed in a matter of months with the right bankruptcy attorney. Third, creditors you owe money to will not be able to contact you during the process and after the debts are eliminated.

Another advantage is that you can qualify in most cases simply for Chapter 7 bankruptcy in California. You take a “means test” and file with a credit counselor to be eligible in California.

Advantages of Chapter 13 Bankruptcy

You can also find relief for big debts and headaches via Chapter 13 bankruptcy, which has many advantages and some differences with Chapter 7 bankruptcy. It’s still wise to work with a knowledgeable bankruptcy attorney in California.

With a Chapter 13 bankruptcy filing, the debtor is allowed to use future earnings to pay off the creditors. Under Chapter 13 bankruptcy, you also use a trustee to supervise the assets of the debtor. The first key advantage is that creditors are not allowed to contact you for debts owed anywhere but the proceeding.

The second advantage is that Chapter 13 bankruptcy in California buys you more time to pay off creditors. This can save you from losing property or worse. Typically you get 3-5 years to pay off the debts owed. And no creditors will be allowed to contact you during this time span where you are paying them back.

So who can file Chapter 13 bankruptcy in California? A knowledgeable bankruptcy attorney in California can help you with this, but in short any debtor who has unsecured debts below $336,9000 and whose secured debts are less than $1,010,650.

The First and Most Important Step

Hire a bankruptcy attorney in California who can walk you through the entire process. The Chapter 7 and Chapter 13 bankruptcy laws allow you plenty of help when plagued by debts. Give a qualified attorney a call today for bankruptcy help.

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Personal Bankruptcy in Ontario, California

Tuesday, January 19th, 2010

If you are like hundreds of other Ontario residents facing home foreclosure or unable to pay your bills due to a death, high credit card bills, an expected medical crisis or a divorce, you may be looking for a financial solution. Bankruptcy has been created by the federal government for individuals just like you who simply need a fresh financial start and have exhausted all other possible solutions.

Filing bankruptcy in Ontario is a very serious decision and should not be done without first contacting an Ontario bankruptcy lawyer. If filing bankruptcy is right for you, you may be able to file Chapter 7 bankruptcy in Ontario and discharge either all or a part of your personal debt. If you do not qualify for Chapter 7 bankruptcy, you may be able to file Chapter 13 bankruptcy. Filing Chapter 13 bankruptcy may allow you to restructure your debt with more favorable repayment terms and repay your creditors over a three to five year time period.

Filing Chapter 7 Bankruptcy in Ontario

One of the simplest, least expensive and quickest bankruptcy methods to discharge personal debt is through Chapter 7 bankruptcy. Recent changes to bankruptcy law have made filing Chapter 7 bankruptcy more difficult and an Ontario bankruptcy attorney should be contacted to verify a filer’s eligibility. Filing Chapter 7 bankruptcy in Ontario will allow the filer’s non-exempt assets to be sold and the proceeds from the sale to be used to repay the filer’s creditors. Certain assets are considered exempt and are not part of the liquidation process.

The first step to file Chapter 7 bankruptcy in Ontario is to contact an Ontario bankruptcy attorney who can file the bankruptcy petition. Exempt assets, non-exempt assets, creditor information, and filer’s income are all included in the petition. A review of the bankruptcy petition will be done by the bankruptcy court. A trustee is assigned to sell the filer’s assets and a meeting is held for the creditors (341 Creditor’s Meeting). For most Chapter 7 bankruptcy cases the filer’s debts and the bankruptcy proceedings will be concluded within four to six months.

Filing Chapter 13 Bankruptcy in Ontario

Chapter 13 bankruptcy in Ontario differs from Chapter 7 bankruptcy. Chapter 13 bankruptcy is not a liquidation of assets but rather a reorganization of creditor payments. The filer is allowed to work with their Ontario bankruptcy lawyer to create a new bankruptcy repayment plan. The bankruptcy repayment plan is a three to five year debt repayment schedule and must be approved by the bankruptcy court. Only filers who have a steady income can file Chapter 13 bankruptcy in Ontario. A filer’s unsecured debt can not exceed $269,250 and their secured debt can not exceed $807,750.

Personal Debts Not Eliminated By Filing Personal Bankruptcy

Non-dischargeable debts are not discharged by filing personal bankruptcy. Non-dischargeable debts are outlined in federal bankruptcy laws and do not vary by state. The following debts are not discharged by filing bankruptcy in Ontario, California:

  • Most back taxes
  • Child support and alimony payments
  • Certain student loans
  • Purchases of luxury items within ninety days of filing personal bankruptcy in Ontario
  • Fines owed to federal or California government agencies
  • Debts generated from fraudulent activity
  • Recent cash advances of $825 within 70 days of filing personal bankruptcy

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Personal Bankruptcy in San Diego

Friday, January 8th, 2010

If you are like thousands of other California residents who are unable to pay their medical bills, credit card bills or facing home foreclosure, a San Diego bankruptcy attorney might can help. San Diego debtors who have exhausted other financial options to regain their financial footing may be able to liquidate their assets by filing Chapter 7 bankruptcy or restructure their debt payments by filing Chapter 13 bankruptcy.

Many people want to know when it is the right time to file bankruptcy. Unfortunately, there is no right answer to that question, but a San Diego bankruptcy lawyer can answer questions about current bankruptcy laws and identify if you qualify for Chapter 7 bankruptcy or Chapter 13 bankruptcy.

Filing Chapter 7 Bankruptcy in San Diego

Filing Chapter 7 bankruptcy in San Diego can be an inexpensive, quick and simple way for San Diego residents to discharge their debts and start over financially. Chapter 7 bankruptcy is the most common type of bankruptcy filed. Filing Chapter 7 bankruptcy allows for the liquidation of a debtor’s non-exempt assets to repay their creditors. Many debtors do not have property or assets to liquidate and this type of bankruptcy is considered a “no-asset” bankruptcy case. Most Chapter 7 bankruptcy cases can discharge a debtor’s qualifying debt within four to six months after the bankruptcy petition is filed.

San Diego residents who are considering filing Chapter 7 bankruptcy in San Diego should contact a San Diego bankruptcy lawyer who can file the bankruptcy petition in the proper San Diego bankruptcy court. The bankruptcy petition will include a list of the debtor’s exempt and non-exempt assets, income, creditor’s information and debt. A bankruptcy trustee will be assigned to review the petition, meet with the creditors at the 341 Creditor’s meeting and sell the debtor’s assets to pay their creditors.

Filing Chapter 13 Bankruptcy in San Diego

Filing Chapter 13 bankruptcy in San Diego does not discharge an individual’s debt immediately but will allow for the debt to be repaid over 3 to 5 years with a repayment plan. Many times the repayment plan provides much more favorable repayment options. Filing Chapter 13 bankruptcy in San Diego may allow San Diego residents the option to stop a home foreclosure and keep their assets.

Only certain qualifying individuals will be able to file Chapter 13 bankruptcy in San Diego. To qualify, a debtor must have an income source that can be used to make payments for their repayment plan. Unsecured debts can not exceed $269,250 and secured debts can not exceed $807,750.

Personal Debts Not Eliminated By Filing Personal Bankruptcy

Certain debts are not discharged by filing Chapter 7 or Chapter 13 bankruptcy in San Diego. Federal bankruptcy laws outline the types of debt that are not discharged and because the bankruptcy laws are created at the federal level they will be the same for each state. If an individual files Chapter 7 bankruptcy or Chapter 13 bankruptcy in San Diego, the following debts will not be discharged.

  • Most back taxes
  • Child support and alimony payments
  • Certain student loans
  • Purchases of luxury items within ninety days of filing personal bankruptcy in San Diego
  • Fines owed to federal or California government agencies
  • Debts generated from fraudulent activity
  • Recent cash advances of $825 within 70 days of filing personal bankruptcy

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Filing Personal Bankruptcy in Modesto

Wednesday, January 6th, 2010

Modesto residents who are considering filing bankruptcy in Modesto, California should contact a Modesto bankruptcy lawyer for information on current bankruptcy laws. Filing bankruptcy is a very important decision which should not be made without considering all of your financial options. Recent changes to bankruptcy laws have made it more difficult to file Chapter 7 bankruptcy in Modesto and discharge all of your debt immediately. Many Modesto residents will now be forced to restructure their debt payments by filing Chapter 13 bankruptcy instead of Chapter 7 bankruptcy.

Many people want to know if it is the right time to file bankruptcy. There is no right answer to this question, but hundreds of Modesto residents who have suffered an unexpected divorce, death, medical crisis or high credit cards bills and have found financial relief by filing bankruptcy in Modesto.

Filing Chapter 7 Bankruptcy in Modesto

Filing Chapter 7 bankruptcy in Modesto can be one option for eliminating most if not all personal debt (except if the filer has debt considered non-dischargeable). Personal debt which can be discharged by filing Chapter 7 bankruptcy includes high credit card bills and medical bills. Filing Chapter 7 bankruptcy in Modesto allows the filer’s non-exempt assets to be sold and the proceeds from the sale to be used to pay creditors.

The first step in filing Chapter 7 bankruptcy is for the Modesto bankruptcy attorney to file the bankruptcy petition in bankruptcy court. The filer will provide a list of all of their assets (exempt and non-exempt), creditor information and the amount of debt they owe for the petition. After the bankruptcy petition is approved by the bankruptcy court, a 341 Creditor Meeting is scheduled and a court appointed trustee is assigned to sell the filer’s assets and repay the creditors. Filing Chapter 7 bankruptcy in Modesto can discharge most filer’s debts within four to six months.

Filing Chapter 13 Bankruptcy in Modesto

Filing Chapter 13 bankruptcy in Modesto does not immediately discharge the filer’s debts, but it can stop home foreclosure, property repossession and wage garnishments by allowing the filer to restructure their debt payment with a new three to five year repayment plan. Many times the repayment plan can have more favorable repayment terms.

Filing Chapter 13 bankruptcy is not an option for all Modesto residents. Individuals must have a steady income available to make their bankruptcy payments under the new schedule. To file Chapter 13 bankruptcy filers also can not have secured debt greater than $807,750 or unsecured debt greater than $269,250.

Personal Debts Not Eliminated By Filing Personal Bankruptcy

Filing Chapter 13 or Chapter 7 bankruptcy in Modesto only eliminates certain debt outlined under federal bankruptcy law. It does not matter where the filer lives, the dischargeable debt allowed will be the same for every state. Modesto residents should discuss their eligible dischargeable debt with a Modesto bankruptcy attorney. Filing bankruptcy in Modesto, California, does not eliminate the following debts:

  • Most back taxes
  • Child support and alimony payments
  • Certain student loans
  • Purchases of luxury items within ninety days of filing personal bankruptcy in Modesto
  • Fines owed to federal or California government agencies
  • Debts generated from fraudulent activity
  • Recent cash advances of $825 within 70 days of filing personal bankruptcy

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Personal Bankruptcy in Encino

Monday, December 28th, 2009

Millions of Americans have found themselves unable to pay their medical bills, mortgage and high credit card bills. Filing bankruptcy may be one option for Encino residents who have exhausted all other options to regain their financial footing. If you are considering filing bankruptcy in Encino, an Encino bankruptcy attorney can help.

Filing bankruptcy is an important decision. Many people want to know the “right time” to file bankruptcy, but unfortunately there may not be a right answer. Filing Chapter 7 bankruptcy in Encino eliminates debt by liquidating a debtor’s assets. Filing Chapter 13 bankruptcy allows Encino residents to restructure their debt payments. If you have suffered through a divorce, unexpected death, high medical bills or exorbitant credit card debt and need help, contact an Encino bankruptcy attorney for information about current bankruptcy laws.

Filing Chapter 7 Bankruptcy in Encino

Filing Chapter 7 bankruptcy in Encino, California, will liquidate the debtor’s non-exempt assets to repay their creditors. If the debtor does not have property to sell, the bankruptcy case is considered a no-asset case. Chapter 7 bankruptcy can be a cheap and inexpensive way to get a fresh financial start. Residents who file Chapter 7 bankruptcy in Encino may have their debt discharges within four to six months after the bankruptcy petition is filed.

The first step in Chapter 7 bankruptcy is to contact an Encino bankruptcy attorney who will file the bankruptcy petition in the appropriate bankruptcy court. The debtor must provide their financial information including a list of their property, debts, income, and non-exempt and exempt assets. A bankruptcy trustee will review the bankruptcy petition, meet with the creditors (at the 341 creditor’s meeting) and sell all non-exempt assets to repay creditors.

Filing Chapter 13 Bankruptcy in Encino

Filing Chapter 13 bankruptcy in Encino will not automatically allow for a discharge of debt by liquidating the debtor’s assets, instead, Chapter 13 bankruptcy allows the debtor to create a three to five year bankruptcy repayment schedule (often with more favorable repayment terms). Filing Chapter 13 bankruptcy in Encino can be better for many debtors because they will be able to keep their assets.

Debtors can only file for Chapter 13 bankruptcy if they have a steady income source to make payments for their repayment plan. Debtors also may not have unsecured debt above $269,250 or secured debts above $807,750.

Personal Debts Not Eliminated By Filing Personal Bankruptcy

Filing bankruptcy in Encino does not eliminate all personal debt. The types of debt not eliminated by filing personal bankruptcy are outlined under federal bankruptcy laws and will be the same for all of the states. The following personal debt will remain after filing bankruptcy and creditors may continue to their collection actions even after bankruptcy has been filed:

  • Most back taxes
  • Child support and alimony payments
  • Certain student loans
  • Purchases of luxury items within ninety days of filing personal bankruptcy in Bakersfield
  • Fines owed to federal or California government agencies
  • Debts generated from fraudulent activity
  • Recent cash advances of $825 within 70 days of filing personal bankruptcy
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Personal Bankruptcy in Oakland

Monday, December 14th, 2009

If you are facing a home foreclosure, property repossession or wage garnishment due to an unexpected death, medical crisis, divorce, high credit card bills or job loss, you are not alone. Millions of Americans have found themselves in a similar financial crisis and have found financial relief by filing bankruptcy.

If you live in Oakland, California, and you are considering filing bankruptcy in Oakland, an Oakland bankruptcy lawyer can help answer your bankruptcy questions and determine if you are eligible for Chapter 7 bankruptcy or Chapter 13 bankruptcy.

Filing Chapter 7 bankruptcy in Oakland may allow you to discharge part or all of your debt by liquidating non-exempt assets and using the money from the liquidation to repay your debts. Filing Chapter 13 bankruptcy in Oakland does not immediately discharge your debts but may allow you to reorganize your debt with a bankruptcy repayment plan.

Filing bankruptcy is a very important financial decision which can affect your credit score and your ability to qualify for credit. It is important to discuss your financial situation with an Oakland bankruptcy attorney before filing personal bankruptcy.

Filing Chapter 7 Bankruptcy in Oakland

Filing Chapter 7 bankruptcy in Oakland may allow the filer’s debts to be discharged within four to six months of declaring bankruptcy. All Oakland residents who are considering filing bankruptcy should contact an Oakland bankruptcy lawyer to determine if they qualify to file Chapter 7 bankruptcy.

If the Oakland attorney determines they are eligible for Chapter 7 bankruptcy the attorney will file the bankruptcy petition in bankruptcy court. The court reviews the petition to ensure it meets the standards outlined in the current bankruptcy code and schedules the 341 Creditor’s Meeting. A trustee is assigned to the bankruptcy case and is responsible for selling the filer’s assets and using the proceeds from the sale to repay the filer’s creditors. After all of the non-exempt assets are sold and the creditors are paid, the remaining qualifying debt is discharged.

Filing Chapter 13 Bankruptcy in Oakland

Filing Chapter 13 bankruptcy in Oakland does not immediately discharge debt, but it will allow the filer to restructure their debt into a three to five year repayment plan. Filing Chapter 13 bankruptcy also allows the filer to keep their assets and avoid liquidation which may be preferable for many filers who have a lot of property and assets.

To qualify for Chapter 13 bankruptcy, the filer’s unsecured debt must be no more than $807,750 and their unsecured debt must be no more than $269,250. Filers must also have a steady income which they can use to make the required payments for the bankruptcy repayment plan. Chapter 13 bankruptcy can take from three to five years to complete.

Personal Debts Not Eliminated By Filing Personal Bankruptcy

Debts not discharged by filing personal bankruptcy in Oakland are determined by federal bankruptcy laws and will be the same in Oakland as in all other American cities. Filing Chapter 7 or Chapter 13 bankruptcy in Oakland does not discharge the following debts:

  • Most back taxes
  • Child support and alimony payments
  • Certain student loans
  • Purchases of luxury items within ninety days of filing personal bankruptcy in Oakland
  • Fines owed to federal or California government agencies
  • Debts generated from fraudulent activity
  • Recent cash advances of $825 within 70 days of filing personal bankruptcy

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Filing Bankruptcy in Fresno

Friday, December 11th, 2009
NEW YORK - MAY 20: In this photo illustration...
Image by Getty Images via Daylife

Fresno residents who owe credit card debt they can not pay or who avoid creditor calls may be able to get a fresh start by filing Chapter 7 or Chapter 13 bankruptcy. Many individuals become overwhelmed with medical bills or an unexpected divorce or death has created a financial crisis. If this sounds like you, you are not alone. Individuals who are considering filing bankruptcy in Fresno can contact a Fresno bankruptcy lawyer for help.

Many people want to know when filing bankruptcy is the right answer, but sometimes it is hard to know. Filing bankruptcy is a very difficult and complicated decision and should be carefully considered. Filing bankruptcy in Fresno should not be done before evaluating all of your other options. Fresno bankruptcy attorneys can help review your personal finances and explain current bankruptcy laws. You do not have to do this alone. Call a Fresno bankruptcy lawyer today for help.

Filing Chapter 7 Bankruptcy in Fresno

Chapter 7 bankruptcy is the most common bankruptcy used to liquidate a person’s non-exempt assets and property and take the proceeds from the liquidation to repay creditors (many Fresno residents will not have assets to liquidate). If an individual files Chapter 7 bankruptcy in Fresno they can expect their qualifying debts to be discharged usually within 4 months.

Bankruptcy laws have made it more complicated to file Chapter 7 bankruptcy in Fresno, but a Fresno attorney can review all the new qualifications with the debtor and determine if they should file Chapter 7 or Chapter 13 bankruptcy. Fresno bankruptcy lawyers can also file the bankruptcy petition (list of income, assets, personal debts and exempt debts). A trustee will then be assigned by the bankruptcy court to review the bankruptcy petition, attend the 341 creditors meeting, sell all non-exempt property and give the proceeds from the sale to the creditors. Filing Chapter 7 bankruptcy in Fresno can help Fresno residents eliminate debt and worry.

Filing Chapter 13 Bankruptcy in Fresno

Filing Chapter 13 bankruptcy in Fresno does not immediately discharge the Fresno resident’s debts but instead allows an individual to repay their debt with a reorganized repayment plan. The bankruptcy repayment plan generally allows the debt to be repaid over three to five years. Filing Chapter 13 bankruptcy in Fresno allows Fresno residents who do not want to sell their assets to keep them and repay their debts with a modified repayment plan. Chapter 13 bankruptcy is only available to Fresno residents who have a steady income and do not have unsecured debts exceeding $269,250 or secured debt exceeding $807,750.

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