Perhaps you feel like you are buried in bills and other debts. You may have to do something, but you might not be sure what to do. An Orange County bankruptcy attorney can help you with these issues, and knows exactly what steps to take.
If you are far over your head in debt, you do not have to remain so. You have certain legal rights, that are designed to get you back on the road to a normal existence. You can stop harassing phone calls in short order, and get a good night's sleep.
Chapter 7
When you file a chapter 7 bankruptcy or BK, as it is sometimes abbreviated, you are essentially liquidating your assets. The result of the chapter 7 will be discharging your debts, but you will need to meet certain income and debt qualifications. It is possible to keep you vehicle and your house, but there are some debts that cannot be discharged. Your lawyer can answer any questions that you have.
Creditors must leave you alone, and stop calling and sending you threatening letters. There will not be any lawsuits or garnishments of your paycheck. You may get your life back together, and stop worrying about all of your debt problems, once you file for chapter 7.
Filing Chapter 13
Some people may not be able to qualify for chapter 7 and a chapter 13 may be their best option. The process is a lot longer, but it can provide solutions to your debt problems. Most chapter 13 plans include a three or five year payment plan to pay debts off. Your payments will be something that you can afford.
Final Thoughts
If you your debt problems are taking over your life, there are things that you can do. A free consultation with an Orange County bankruptcy attorney, can provide you with answers to your concerns. You may have the chance to get your life back, again.
If you are far over your head in debt, you do not have to remain so. You have certain legal rights, that are designed to get you back on the road to a normal existence. You can stop harassing phone calls in short order, and get a good night's sleep.
Chapter 7
When you file a chapter 7 bankruptcy or BK, as it is sometimes abbreviated, you are essentially liquidating your assets. The result of the chapter 7 will be discharging your debts, but you will need to meet certain income and debt qualifications. It is possible to keep you vehicle and your house, but there are some debts that cannot be discharged. Your lawyer can answer any questions that you have.
Creditors must leave you alone, and stop calling and sending you threatening letters. There will not be any lawsuits or garnishments of your paycheck. You may get your life back together, and stop worrying about all of your debt problems, once you file for chapter 7.
Filing Chapter 13
Some people may not be able to qualify for chapter 7 and a chapter 13 may be their best option. The process is a lot longer, but it can provide solutions to your debt problems. Most chapter 13 plans include a three or five year payment plan to pay debts off. Your payments will be something that you can afford.
Final Thoughts
If you your debt problems are taking over your life, there are things that you can do. A free consultation with an Orange County bankruptcy attorney, can provide you with answers to your concerns. You may have the chance to get your life back, again.
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Finding bankruptcy lawyers in Orange County CA is not hard when you know where to search. You can find a qualified Los Angeles bankruptcy attorney to help you through the process.