Dana Point Chapter 7 Lawyer
Do You Need a Chapter 7 Bankruptcy Attorney?
It’s time to consider bankruptcy if your life has been taken over by looming foreclosure, constant badgering phone calls from creditors, lawsuits or garnishments of your wages or property. Or maybe your debt has you trapped due to the amount of each payment and the extent of the debt. There are many kinds of debt that can get you into these situations, including medical bills, credit card balances, falling behind on your mortgage, loans and back taxes owed to the government and even car repossessions.
Chapter 7 Bankruptcy Lawyers Near Me in Orange County CA
Experienced, professional bankruptcy attorneys understand the difficulties and worries you face. We know your best options. We are here to help and will work with you to alleviate your financial uncertainty. Even before your bankruptcy petition is filed, an attorney can help shield you from creditor harassment. In a non-judgmental and supportive way, we can help you understand your options, the process of filing for bankruptcy, and help lift the burden of financial uncertainty.
Free Bankruptcy Consultation – Call Now (855) 997-4655
Dana Point Bankruptcy Attorney, The Bankruptcy Experts, are dedicated BK Lawyers with over 10 years experience in dealing with the complex issues concerning bankruptcy. We have the skills and expertise to handle any type of bankruptcy problems you might be experiencing. We proudly offer our services to businesses and individuals throughout Los Angeles and the surrounding areas.
You may feel hopeless, and at the mercy of a faltering economy, but don’t despair. Relief is available, and there is no shame in using the law to protect yourself when you are buried under a pile of debt. You aren’t responsible for the economy, and you didn’t create the mortgage crisis. So use the law to protect yourself and your family.
A Second Chance
Bankruptcy laws are in place to help Americans get a second chance when they are snowed under by economic pressures. You have rights, including the right to be free from harassment by creditors. If your creditors are hounding you, you can make them pay. And if your debt has become more than you can manage, you may be able to file for bankruptcy.
The Chapter 7 Bankruptcy Laws are the most typical option for people who want to state them bankrupt. In fact, when people discuss this subject, it is the bankruptcy as described under chapter 7 of the code of the United States of America. Filing for bankruptcy based on Chapter 7 of Bankruptcy Laws is a methodical treatment. Specifically, after the intro of the brand-new laws in October 2005, now, it has become compulsory for you to pas a Means test and go through a credit counseling process from a federal government approved credit-counseling firm. Finding an excellent and knowledgeable bankruptcy lawyer especially if you live in Dana Point or in a nearby city. Means Test Initially, you need to pass a Means test, where all your income and essential expenditures are assessed. The means test involves subtracting the daily necessary expenditure (the expenses that you can not live without) from the overall income on a month-to-month basis. It is only if the output is less than the average earnings of the state, you can apply for bankruptcy under the Chapter 7 of US Bankruptcy Laws. However, in case, the output is more than the median income of the state, the bankruptcy court will ask you to file under chapter 13 of the code. Credit Counseling Before you proceed and file under Chapter 7 Bankruptcy Laws, it is vital for you to go through a credit therapy procedure. The purpose of presenting this action is to assess the real monetary situation of the debtor. The credit counseling firm will look into the monetary information of the debtor and will try to assist the debtor handle their financial resources and get it back on track, together with paying the debts that the debtor owe to various financial institutions. If there is any possibility to get the financial resources of the debtor managed, the debtor will not be able to file for bankruptcy under Chapter 7. In such case, the court will ask the debtor to file under chapter 13 bankruptcy. When To File Bankruptcy Under The Chapter 7 Bankruptcy Laws The debtor must file for bankruptcy under chapter 7 in the area where he or she is irreversible citizen. If the debtor is running a business in a specific location, she or he need to file for bankruptcy in its primary place of business or primary assets. Overall, the primary purpose of the chapter 7 bankruptcy laws is to help the debtor to get relief from all the debts that he or she presently owes. In this procedure, the bankruptcy court appoints a trustee, who even more goes ahead with the procedure of liquidating all the properties and properties of the debtor. The cash thus collected is then utilized to settle the claims of the numerous lenders on top priority basis, if any. The of chapter 7 bankruptcy laws offer an opportunity for the debtors to obtain a new beginning for their monetary life, as the bankruptcy code concerning the very same, liquidates all the possessions and homes of the debtors after allowing the exemptions, in order to settle the claims of the lenders in a nearby region. This way|By doing this|In this manner}, the court brings the desired debt relief for the debtor.
Map of Dana Point CA
The Bankruptcy Experts
1605 W. Olympic Blvd. Suite 1024
Los Angeles, CA 90015
Monday – Friday: 8:00am – 6:00pm
Saturday: 10:00am – 4:00pm