Gilroy Bankruptcy Lawyer
With employment rising and our economy still not growing, please consult with our Gilroy bankruptcy lawyer before you borrow from a retirement account or sell assets to pay off debts. Clients are often surprised to find out that qualified retirement accounts are completely protected when filing for bankruptcy. Clients are also surprised by the generous exemptions California has to protect your assets when filing for bankruptcy protection. You do not have to sell everything and become penniless or barefoot to file for bankruptcy protection under Chapter 7 or Chapter 13. The goal of bankruptcy is to give you relief from your debts and continue to live your life debt free. The goal is not to take everything you have so that you continue to struggle each day.
Another misconception is that having to file a Chapter 13 bankruptcy is the end of the world. It is not. Depending how much money you make, the amount of your expenses and the stuff you own, a Chapter 13 monthly plan payment could be very little each month. Of course, if you have a paid in full Ferrari or Porsche sitting in your driveway, you have a significant asset that will not be protected in any bankruptcy filing. The bottom line is that it is in everyone’s best interest to seek the counsel of an attorney before making significant financial decisions. A wrong choice may make a bankruptcy filing much more complicated, and much more expensive.
Gilroy is located in the southernmost part of Santa Clara County. Gilroy is most often known for the garlic festival held every year. While Gilroy is located in Santa Clara County along with San Jose and the Silicon Valley, life in Gilroy is much different. Gilroy has a population of approximately 50,000 residents, but is very much an agriculturally based economy. The weather is more like that of the San Joaquin Valley. Very dry and hot during the summer with not too much rainfall during the winter and spring months. A person grew up in Gilroy that many in the Bay Area residents may recognize is Jeff Garcia, the former National Football League quarterback for your San Francisco 49ers. Bankruptcy does not have to be stressful in the 95020 and 95021 zip codes.
By
Ryan
C. Wood