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Bankruptcy Attorney – Eliminate Debt

Brian P. Aug. 17, 2017

There is nothing worse than being constantly harassed by debt collectors. The number of individuals throughout the country facing this scenario is staggering. But what can be done to eliminate this debt and to stop debt collection abuse and harassment?

While many people feel as though they are being hung out to dry with hundreds of thousands of dollars in debt, there are few ways to stop the situation from escalating. Some of these methods are filing Chapter 13 bankruptcy and filing chapter 7 bankruptcy.

Filing bankruptcy in California can be a complicated and daunting task. Trying to determine which route is best for your situation and understanding the laws and side-effects of each process is difficult. This is the primary reason that a bankruptcy attorney in California is necessary. Attorneys help individuals by going through the debt to see which route is the best one for them to take. Once they analyze the situation, the next step is to eliminate the debt.

A bankruptcy attorney in California can help eliminate debt by working within the parameters of the law to come up with the best possible solution. Their expertise in bankruptcy puts their clients in confident, capable hands. In fact, when filing Chapter 13 bankruptcy or filing Chapter 7 bankruptcy, the final result is the complete elimination of debt.

If you want to get out from under harassing debt collector phone calls, letters, and emails, the best way to do so is by filing for bankruptcy in California. When you take control of your debt, you can regain your financial freedom once again. For best result always meet with a bankruptcy attorney for assistance and information on what to expect when filing bankruptcy in California.

What Is Chapter 7 Bankruptcy?

Financial distress is a reality for many families throughout the US. With so many issues facing individuals in modern life, it can be difficult to know where to turn to for help. When worse comes to worse, the only answer is often filing Chapter 7 Bankruptcy. But what is Chapter 7 Bankruptcy and how can it help you alleviate financial distress in your life?

The Basics of Chapter 7 Bankruptcy

For starters, not everyone can and does qualify for this form of bankruptcy. In fact, the best route is to consult with a bankruptcy attorney before making a decision. However, here are a few additional qualifications that you have to meet to legally be able to file Chapter 7.

  • You have to have a great amount of debt.

  • You must have no alternative options for eliminating debt.

  • Your income must be below the national median income for the country.

  • You cannot be filing bankruptcy for a corporation.

  • You must not have filed bankruptcy of any kind within the previous 8 years

If you meet these criteria you can then move forward with filing bankruptcy in California.

Steps to File Chapter 7 Bankruptcy

The first and foremost important step in filing bankruptcy in California is getting in touch with a bankruptcy attorney. With so many complicated rules, regulations, and restrictions it is impossible to file bankruptcy without an attorney. Once you meet with a bankruptcy attorney you will likely need and/or be required to complete a two-hour financial management course. This ensures that you are aware of what causes debt and how you can negate it in the future.

If you are considering Chapter 7 bankruptcy, please contact the Consumer Center for Resources for more information about how to file and what you need to know about doing so. Contact them today to get your financial life back.

What Is Chapter 13 Bankruptcy?

When you are under financial distress, it is important to know and understand the options available to you. There are many different types of bankruptcy that can alter the repayment structure and the final amount that you pay on your debt. One of the most popular bankruptcy options is Chapter 13 Bankruptcy. But what do you need to know if you are filing chapter 13 bankruptcy and how can an attorney help you?

Chapter 13 Details

Chapter 13 bankruptcy is a repayment method used by debtors to clear their name and rebuild credit with their lenders. Traditionally, this option allows you to pay off your debt partially or in its totality. The determining factor in how much debt you pay relates to the amount of payments you agree to pay and their length. Most Chapter 13 bankruptcy runs anywhere between 3 to 5 years in repayment length, however, this is ultimately determined by the agreement you make with your lender. Chapter 13 bankruptcy in California follows federal guidelines like the rest of the country.

Benefits of Filing Chapter 13 Bankruptcy

Although filing for bankruptcy can be difficult, Chapter 13 does offer many benefits that other repayment options do not. For starters, debtors start increasing their credit score immediately after filing for bankruptcy. Debtors also eliminate the risk of auto repossession and wage garnishment upon filing for Chapter 13 Bankruptcy. These benefits are crucial to rebuilding credit and a more financially stable life.

If you need financial assistance, turn to the Consumer Center for Resources to learn more about how you can get from under the pressure of mounting debt. We are here to help you find a way out of your situation in the easiest, best way possible. Reach out to us today to stop getting debt collection abuse calls. If you are in Nevada, reach out to Rodney Okano bankruptcy lawyer Las Vegas

Call us to be connected with a lawyer today. The consultation is FREE!