Huntington Beach California Chapter 7 and Chapter 13 Bankruptcy Attorneys
California bankruptcy attorneys at Price Law Group work with Huntington
Beach California residents when they are looking to wipe away many of
their outstanding debts through Chapter 7 or Chapter 13 bankruptcy. While
declaring bankruptcy is a serious decision, it can be the right one if
you are struggling to make ends meet and are living paycheck to paycheck.
For most California residents in Huntington Beach, there are two types
of bankruptcies that you can apply for: Chapter 7 Bankruptcy and Chapter
13 Bankruptcy, and we will review your financial situation and work with
you to determine which type of bankruptcy is right for your situation.
Chapter 7 bankruptcy in Huntington Beach California may sometimes be referred
to as “liquidation” or “straight bankruptcy”.
You must qualify for this type of bankruptcy with the main qualification
being that you earn less than the median income in your specific area.
If you make the median income, or more than the median income, you may
still qualify for Chapter 7 bankruptcy in Huntington beach through a means
test that considers your disposable income.
Chapter 13 bankruptcy in Huntington Beach California, which is also referred
to as “wage-earners” bankruptcy, allocates the majority of
your income, less any monies set aside for mandatory payments such as
car payment, house payment or rent, utilities, and other living expenses,
towards paying off your unsecured debts which will be organized into one
group. You will be placed on a repayment plan that spans 3 to 5 years
depending on your financial situation and disposable income.
When you are ready to start fresh in your financial life by wiping away
many of your outstanding debts, be sure to give us a call. We look forward
to helping you stop living paycheck to paycheck! Call Price Law Group
today and schedule your bankruptcy consultation with our Huntington Beach
California bankruptcy attorneys
For more information call us at 866-210-1722 or fill out the form below.