Is Filing Bankruptcy Right for Me?

As an experienced California bankruptcy attorney, I will help you decide whether bankrutpcy is right for you with a free consultation.

The decision to file bankruptcy is not one that’s easy to make. Somehow, you want to save face or “do the right thing.” So, you struggle along while your creditors turn up the heat. Pretty soon, with all the late fees, penalties and mounting interest, keeping your head above water becomes almost impossible.

Who’s paying the consequences for your debt?  You and YOUR FAMILY.

Ask yourself this. If you could eliminate your debt without permanently damaging your credit, why wouldn’t you? The stigma related to bankruptcy is not what it was 30 years ago.  Every year millions of Americans file bankruptcy to stop foreclosures, repossesion, garnishment, and bank levies.  By filing bankruptcy, you can eliminate credit card debt, tax liability, medical bills, and other debt.  Most people filing keep their home, cars and other property.  A clean slate is the ultimate tool of empowerment. Bankruptcy may not be the right decision for you, but you owe it to yourself to become educated about all of your options so that you can make an informed decision.  After all, your spouse and children are paying the consequences for your debt.  Are you able to pay your monthly bills, and give your children everything they want?

First, assess your financial situation including your income and debt

Taking a close look at the bottom line is a courageous first step. But, it’s a crucial first step. You can start the process yourself. However, the best avenue is to seek legal counsel even in the early stages. An experienced attorney can help separate panic from reality and even advise that you might not be in as bad shape as you think.

Some initial questions to ask yourself:

  • Are you heavily in debt, with little prospect of getting out of that debt in the near future?
  • Have you had, or are your creditors threatening, a foreclosure on your home, a repossession of your car or other legal action to take your property?
  • Have you experienced a dramatic drop in income that you don’t anticipate replacing anytime soon?
  • Are you frequently late paying bills?
  • Do you only pay the minimum on your credit cards?
  • Are you unable to make even the minimum payments?
  • Do you have to sacrifice basic necessities just to make ends meet?
  • Are you paying more money than you make on just your monthly living expenses?
  • Are you losing sleep at night wondering how you’re going to make it?
  • Have you bounced more than one check in the last two months?
  • Are your wages currently, or in jeopardy of, being garnished?
  • Have you recently become partially or totally disabled?
  • Are you going through a divorce resulting in a decrease of income but an increase in expenses?

If you answered yes to some or a number of these questions, bankruptcy could be right for you. Your next step is to talk to an qualified bankruptcy attorney to assess your rights and determine if bankruptcy is right for you. Bankruptcy is not for everyone, but you need to be an informed consumer to make the right decision. Don’t wait until your wages are being garnished or your car is repossessed. Be proactive and resolve the situation now.

How can the U.S. Bankruptcy Law protect me?

The Bankruptcy Code is a set of federal laws with very broad powers that entitle you, and others with severe financial problems, to obtain relief from debt and rebuild your credit and your life. For individuals, the options are either Chapter 7 or Chapter 13. In a Chapter 7 case, most of your unsecured debts are discharged and assets beyond allowable exemptions are liquidated to pay some or all of your debt. Usually most of your assets are exempt-meaning they cannot be liquidated.

Exempt property usually includes:

  • Primary residence
  • Vehicles
  • Certain items of personal property
  • Tools and work equipment
  • Numerous other categories of property

After your case is completed and all dischargeable debts are forgiven, the bankruptcy case is closed. You can make a new start with a commitment to avoid getting in this situation again.

In a Chapter 13 case, you can reorganize your debts and repay them in an affordable payment plan that lasts 36 to 60 months. Your creditors cannot take any action against you while you repay your debts.

I am an experienced bankruptcy attorney that offers the know how to help you navigate the sometimes tricky waters of bankruptcy, eliminate the majority of your debts and help you keep as much of your property as possible. I can also help you emerge from bankruptcy with a plan for a healthier financial lifestyle.

What Can Bankruptcy Do for You?

  • Stop foreclosures, evictions, repossessions, utility shutoffs, and other creditor actions.
  • Discharge most debts.
  • Protect against wage garnishment and enforcement of judgment liens.
  • Add flexibility in dealing with secured creditors.
  • Stop utility terminations.
  • Enable you to keep some or all of your property.
  • Discharge some student loans.
  • Discharge some tax bills.

So, get started today. Call our my office today at (661) 323-3200. You can also request for free bankruptcy consultation using my online form.  Simply fill out this online form, and someone from my office will contact you to schedule your free, confidential, no-obligation consultation. It couldn’t be any easier.

Feel free to explore my site for more information. When you do, I am sure you’ll make the right move toward a better future.

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