Experienced Fullerton Bankruptcy Attorney Serving You!
Call (714) 880-9700 To Learn About Fast, Affordable Debt Relief.
You do not need to allow debt to destroy your financial life. Your local attorney can assist in becoming debt free to best get you on track for a financially free life both today and tomorrow! So many good families and individuals call a law office only after they have spent months struggling or even a period of years trying to get on track. In many cases, these people could have resolved financial issues months or years earlier in as short a period of time as just weeks or months to get their lives back on track!
Bankruptcy Helps Now:
- Stop Collection Phone Call Harassment.
- Stop Collection Letters.
- Prevent or Fix Bank Garnishments!
- Stop or Prevent Lawsuits!
- Get Rid of Wage Garnishments.
- Stop Evictions, Stop Foreclosures, & Repossessions.
- Stop Home Foreclosure!
- Preserver Your Business.
- Erase Some IRS Debt that is Dischargeable!
- Get Your Sanity Back!
- Sleep At Night Peacefully Without Overwhelming Debt!
Through bankruptcy, you can discharge unsecured debt, such as medical debt, credit cards, and other loans or lines of personal credit in the form of payday and personal loans, and much more.
Questions About Bankruptcy? Call For Free Consultation Today!
The attorney will make things as simple and helpful for you in getting your financial life back on track. You can get started and learn options for your individual situation through a bankruptcy consultation and how filing bankruptcy could solve your financial problems. Call for a complimentary, no-obligation case review. You will quickly discover that the attorney is concerned and cares about your financial security. For this reason, you will be able to discover the best option for your best possible financial outcome.
- Free Case Review Today!
The attorney is available to help you receive immediate relief in whatever way possible and in the most affordable, and best way possible to solve your financial difficulties.
Personalized Attention For Your Situation
Your attorney will help you receive personal attention which has been uniquely tailored for your unique financial situation. What that means for you is that you will be able to have the necessary time for the attorney to learn and consider your financial issues and which legal solutions offer you the best protection for your assets while minimizing your liabilities. You don’t need to be surprised for this reason to hear the simple question: “What problems have got you considering the option of bankruptcy?” Another common way to discover the root issues might be: “What problems are plaguing you financially?” Your answer for these questions brings out basic financial struggles to help the attorney understand what is hurting you and how your financial concerns can be answered and solved moving forward. The attorney will seek to discuss questions regarding your finances such as your debts, your assets, as well as ongoing financial payments and obligations like your income and mortgage payment, auto payment, etc. As the attorney better understands your issues and what is important for you financially, you will receive better customized legal advice to make the best financial decisions to have a bright financial future.
What Does Personal Bankruptcy Not Get Rid Of?
The bankruptcy laws (the federal bankruptcy code and the laws of the states) were enacted to provide relief to a heavily indebted person, protecting them from their creditors and resolving their problem one way or the other. There are two major types of bankruptcy that are most commonly. They are to be found in Chapter 7 and Chapter 13 of the bankruptcy code, and though they have their distinct features that make them preferable in different situations, a Chapter 7 bankruptcy will be the most beneficial for most people.
The end-goal of a Chapter 7 bankruptcy is to completely discharge a person from their debts, upon the recognition of the fact that they simply cannot pay them off and will not likely be able to do so in the foreseeable future, if things continue as they are. It is designed to give people a fresh start.
One of the features that it has which might not be so attractive to you is that there is a possibility that assets could be sold to settle as much of the debt and as many of the creditors as possible. A bankruptcy trustee is usually assigned by the court to oversee the process, with discretion in matters like sale of assets and order in which creditors are to be paid.
In its own case, a Chapter 13 bankruptcy is intended for people who are still earning some income, but who have too much debt to settle, in the current arrangement. It is designed to help a person to reorganize and restructure their debt so that they will have a realistic chance at settling their debts as soon as possible, usually within a few years.
This is usually beneficial for people who have a target they are trying to meet; such as a mortgage, rather than seeking to discharge the entire debt. The court will supervise the bankruptcy and payments and at the end of the period that was stipulated for payment, the court will give a ruling on any remaining debts.
From the above, most people would consider a bankruptcy under Chapter 7 to be the better option. However, you should keep it in mind that not all debts can be discharged. Some are classified as secured debts and you will still bear the responsibility of paying them after the conclusion of the bankruptcy. In the event that you filed for bankruptcy under Chapter 13, the court will structure the payment plan in such a way that these debts will be the priority debt that payments will be made to first, before the others.
Student loans are the first example of secured debts. Even though they are usually non-dischargeable, there are exceptional circumstances in which you might be able to get freed from them. In spite of that however, the occurrence of discharge from student loans is so rare that when you can, it best to pay and not put themselves in the position of having to seek a courts intervention in order to discharge education debt.
Child support is another type of secured debt. If you cannot meet up with the obligation, Chapter 7 bankruptcy would help you in discharging your obligations in relation to other debts. Thus helping to free up your income in order to enable you pay your child support obligations.
Taxes, especially recent ones, are also considered secured debts in bankruptcy proceedings. Some debts will be treated as dischargeable by the court, on the conditions that you have been filing consistent and accurate tax returns. Most of them however, will not be treated as dischargeable. Your recent property taxes would not be dischargeable if they were filed before you apply for bankruptcy. Taxes like custom and excise duties are also not dischargeable. However, this depends on certain time limits. If the debtor has incurred tax penalties in a period lesser than three years before the application for bankruptcy, these penalties are also non dischargeable.
The process of filing for a bankruptcy is a highly technical one in which it is essential to have the services of a Fullerton CA bankruptcy attorney to advise and guide you as you go through the entire process from start to finish. He will be responsible for letting you know what debts are likely to be discharged and which are not, so you can be prepared. Professional help and advice is often the distinguishing factor between getting good results from your bankruptcy application and denial of discharge, dismissal or unfavorable terms.