Our Bankruptcy Attorney services all cities and counties of California. Debt relief is a subject with many complexities, and included in that are the many choices to be made, all of which can be to your advantage and could result in negative consequences. With debt relief, Bankruptcy is not the only option, but in some situations it is the best choice for a person. In a bankruptcy, a good bankruptcy attorney can explain your options when deciding on debt relief, and help guide you in how to proceed.
A good bankruptcy attorney knows under the code of law, debt is classified according to types. Secured debt is secured by an asset, such as a car, home, etc. Unsecured debts, mostly seen in credit card debt, are not backed by any assets. There are certain debts, like taxes and child support, that are non-dischargeable. This means that they will not be discharged by the bankruptcy court and will remain a debt. Depending on the type of debt, and the amount owed, there will be a specific type of bankruptcy that a debtor will fall into, and a bankruptcy attorney is the person best suited to decide which is right for you.
Across California, and particularly in Orange County, indebted consumers are finding relief through filing bankruptcy which is allowing them to either wipe out debts completely in a Chapter 7 or see them reduced drastically in a Chapter 13. The elimination or drastic reduction of debts is being experienced in the following areas:
The bankruptcy process is a government sanctioned means for consumers to get a fresh start and regain their financial footing. The problem is that filing bankruptcy has become complicated to the point where a filer acting alone may not realize all the benefits which are available through either a Chapter 7 or a Chapter 13 bankruptcy. For that reason alone, it is imperative that anyone considering a bankruptcy filing in Orange County, consult with a qualified bankruptcy attorney, first to determine the best path forward and then to get the best result possible in the outcome of the bankruptcy.
Disclaimer - The information contained herein is provided for general information purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this website shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this website shall be construed to be a guarantee or prediction of result.