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Bankruptcy Can SAVE Your Finances! [Learn The Secrets] | Legal Facts
Find Out Why Legal Facts Is the Best Place to Find a Bankruptcy Attorneys in California, CA.
- Discharge your debts and become debt-free!
- Stop foreclosure and save your home!
- Put an end to creditor harassment! No more annoying calls or unwanted visits!
- Maximize the chances of success of your filing!
- Ask any question you want to the lawyer for free; no payment information required!
- Connect with an experienced bankruptcy attorney in your city!
- Stay in control of your case at all times through our state-of-the-art system!
- Keep your peace of mind knowing that your case is in the hands of dependable lawyers.
- Get a fresh financial start and rebuild your finances!
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What is the Fresh Start lending Program?
Today’s financial world is in chaos. Many people have to deal with situations that are out of their control, even large businesses have been affected by this reality. You may have made a bad investment, or you may have been forced to stop producing. If this happened to you, your finances would have been affected, no doubt about it.
These situations can lead to you drowning in debt that you cannot pay. However, there is a legal solution to this: Bankruptcy attorneys in California. This process will liquidate your unsecured debts and you can enjoy a fresh financial start, as simple as that.
Some people think this process is totally negative. They think, mistakenly, that it can destroy what little financial stability they have left. However, these notions are nothing more than myths. The truth is that it is a choice that can allow you to save your most important assets, get rid of some stress, and start rebuilding your finances.
Experience
If you decide to file for bankruptcy, but you are unfamiliar with the laws surrounding this process, it may be a bad idea to do so on your own. An excellent bankruptcy attorney will have all the experience necessary to make your bankruptcy filing successful. In addition, a bankruptcy attorney knows the state laws and regulations inside and out, and will guide you through all the procedures.
Assess all your options
The extensive financial knowledge of an experienced bankruptcy attorneys in California will allow him/her to diagnose your financial situation, and then determine what type of bankruptcy is best suited for your situation. You may want to get rid of your debts quickly, in which case the attorney will recommend chapter 7 bankruptcy. Or you may have a steady income and qualify for chapter 13 bankruptcy.
Protection from creditors
You may be receiving constant calls, and even visits, from creditors demanding payment of your debt. However, if your creditors know that you have an excellent bankruptcy attorney on your side, they will leave you alone immediately. Your bankruptcy attorneys in California will make sure they stay away from you. He or she will tell you about the types of behavior that are considered abusive, and about the rights you have in your position. Once you file for bankruptcy, creditors are legally required to stop collecting on the debt.
Save your home or vehicle
If you are facing foreclosure proceedings, or if you are receiving threats to repossess your vehicle, hiring a bankruptcy attorney may be your best option to save those precious assets. The attorney will explain to you the options you have to have the best chance of keeping them. In addition, he/she will assist you in making lists of exempt assets, so that you do not make any mistakes during the procedure and end up losing something important to you.
Peace of mind
Retaining the services of an experienced bankruptcy attorney will make the entire process much easier. If you are going through a difficult financial time, you do not need to stress about legal procedures, when you can entrust it to someone who is much more experienced than you are in this field. Once you retain the services of an attorney, you can relax a bit, and then focus on rebuilding your finances with some peace of mind.
Bankruptcy Can Eliminate the Stress of Financial Obligations and Help California Families Move Forward.
Bankruptcy can bring you certain important benefits, which will make this difficult time you are living much more bearable.
First, when you file for bankruptcy, creditors will have to stop collecting on your outstanding debts. If they try to do so later, you will have various legal remedies to get rid of them.
Even though sometimes bankruptcy will dispose of your non-exempt assets to pay off your debts, if you meet the proper requirements, your case could be a “no asset” case and you may not lose anything at all.
As you rebuild your credit after the process, you can learn to live solely on your salary, and prevent another similar event in the future – a learning opportunity that only the wisest will know how to take advantage of!
Filing for Bankruptcy in California Can Be Complicated. Let Us Help You Choose the Option That Is Right for Your Situation.
Chapter 7 Bankruptcy
To get out of debt quickly, Chapter 7 is the best option.
The process is simple, your non-exempt assets (those prone to liquidation) will be managed by a court-appointed bankruptcy trustee. The trustee will then sell them. The proceeds will be used to pay your creditors.
For some this option is often inconvenient. But to get out of debt quickly, or if you have no other option, this can be very helpful.
Of course, you won’t lose everything you own. You will have exempt assets that will not be affected by the process in any way.
Chapter 7 Bankruptcy
To get out of debt quickly, Chapter 7 is the best option.
The process is simple, your non-exempt assets (those prone to liquidation) will be managed by a court-appointed bankruptcy trustee. The trustee will then sell them. The proceeds will be used to pay your creditors.
For some this option is often inconvenient. But to get out of debt quickly, or if you have no other option, this can be very helpful.
Of course, you won’t lose everything you own. You will have exempt assets that will not be affected by the process in any way.
What Can A Chapter 7 Bankruptcy Attorney in California Offer You?
The first step to an effective bankruptcy process is to get a California bankruptcy attorney to handle your case.
When you get a reputable attorney, he or she will collect the necessary papers and forms to be sent to the local bankruptcy court.
Then, in some cases, you may be able to get a bankruptcy trustee (which is usually appointed by the court). The trustee will deal with your non-exempt assets and sell them.
Once the process is complete, you have several options to start rebuilding your finances. One of them is to find a Fresh Start Lender to make you a loan to start with.
Chapter 13 Bankruptcy
Chapter 13 provides a different option. In this case, you will be able to keep your assets initially. In the meantime, you will need to restructure your finances and, together with the court, develop a payment plan that will serve as a systematic way to pay off your debts.
The most complicated part of this process is qualifying. You must demonstrate some financial stability to do so (that’s why this type of bankruptcy is known as “wage earners’ bankruptcy”). The main beneficiaries of this process are small business owners and individuals with a steady income.
As long as you stick to the payment plan, you won’t have anything to worry about.
Chapter 13 Bankruptcy
Chapter 13 provides a different option. In this case, you will be able to keep your assets initially. In the meantime, you will need to restructure your finances and, together with the court, develop a payment plan that will serve as a systematic way to pay off your debts.
The most complicated part of this process is qualifying. You must demonstrate some financial stability to do so (that’s why this type of bankruptcy is known as “wage earners’ bankruptcy”). The main beneficiaries of this process are small business owners and individuals with a steady income.
As long as you stick to the payment plan, you won’t have anything to worry about.
What Can A Chapter 13 Bankruptcy Attorney in California Offer You?
Maybe you’re thinking you don’t need a lawyer for this kind of bankruptcy: Wrong. About 98% of Chapter 13 bankruptcy cases that are filed without an attorney end up being a failure. This is due to the complexity of the paperwork involved, and the lack of legal and financial advice.
Don’t risk it, take advantage of the fact that California is home to many of the best bankruptcy lawyers in the country. The sooner you get one, the sooner you will get rid of your debts.
Chapter 11 Bankruptcy
Chapter 11 is for large companies and corporations, what Chapter 13 is for individuals and small businesses. A solution through financial restructuring.
In this Chapter, the company can keep its assets. You can even continue to run your business during the process. In the meantime, you will pay your debts through a reorganization plan. As in the previous case, not complying with the plan means putting your business assets at risk.
Chapter 11 Bankruptcy
Chapter 11 is for large companies and corporations, what Chapter 13 is for individuals and small businesses. A solution through financial restructuring.
In this Chapter, the company can keep its assets. You can even continue to run your business during the process. In the meantime, you will pay your debts through a reorganization plan. As in the previous case, not complying with the plan means putting your business assets at risk.
What Can A Chapter 11
Bankruptcy Attorney in Offer You?
It’s natural that Chapter 11 is the most complex of all, after all it deals with companies that may have completely different financial needs. It may even take many years to be completely resolved. So it’s important that you get the best legal advice during this time.
There is another detail that you should keep in mind: federal bankruptcy law states that it is MANDATORY for your company to have the services of a bankruptcy attorney. Our team of California bankruptcy attorneys in California is ready to help you. We are a bankruptcy attorneys in California. We help people file for bankruptcy relief under the Bankruptcy Code.