Will I qualify for bankruptcy in California?

Yes. Chances are, you will find some relief in knowing that virtually every person qualifies for bankruptcy in California. However, the type of bankruptcy you qualify for will differ from the next person. An experienced and persistent California bankruptcy attorney at Price Law Group will be able to explain in depth which type of bankruptcy you and your family should file for, or if it is even the right choice for you.

The three most common modes of bankruptcy that an individual will file for include Chapter 7 bankruptcy, Chapter 11 bankruptcy and Chapter 13 bankruptcy. Chapter 7 bankruptcy involves the full cancelation of almost all or all of an individual's debts in addition to the liquidation of some of their assets in order to fund the amount owed to the creditor.

Chapter 13, on the other hand, involves a payment plan to be made between the creditor and the debtor. The debtor will pay off the creditor in a period of designated time. Chapter 11 bankruptcy is similar to Chapter 13 bankruptcy, but generally targeted more towards businesses.

California Bankruptcy and Debt Relief Attorney

Whether you decide to file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, you are going to need the legal assistance of a friendly and competent team on your side. At our firm, we strive to protect the rights of individuals going through bankruptcy.

For all of your debt relief concerns, contact a California bankruptcy attorney at Price Law Group.