Newark California Bankruptcy Lawyers
If you are struggling with credit cards, your house payment or your car payment bankruptcy can help. Take control back from harassing debt collectors and get rid of your debts once and for all. All of our consultations are FREE and with EXPERIENCED ATTORNEYS.
Meet our attorneys: Ryan C. Wood and Kitty J. Lin
We are committed to providing you with the best bankruptcy experience for a reasonable fee.
The majority of our clients file for bankruptcy protection under Chapter 7 of the bankruptcy code. In a chapter 7 unsecured debts like credit cards, medical debts or lawsuits are discharged completely. There are some debts that cannot be discharge like student loans and some taxes owed to the Internal Revenue Service or Franchise Tax Board. The good news is that the most common debt problem is credit cards though.
There are a number of reasons why a Chapter 13 bankruptcy case is filed. You may be behind on your mortgage payments, behind on a car payment, or want to pay back taxes that cannot be discharged. In a chapter 13 an underwater second mortgages or equity line of credit can be discharged too.
Whether you file a chapter 7 bankruptcy or chapter 13 bankruptcy petition, bankruptcy is designed to provide you with a fresh start. You should not feel guilty or bad about seeking help with your unmanageable debts. Corporations file bankruptcy all the time to get stronger and ensure the corporation will survive. The same is true of you and your family. At some point bankruptcy becomes the best possible solution to burdensome debt. Most people who choose to file bankruptcy do not see any light at the end of the tunnel. The most common thing we hear is I do not know when I will be debt free just continuing to make the normal monthly minimum credit card payment. That is probably a true statement for most. If you just pay the minimum payment it could take twenty years or more to get rid of the debt.
By
Ryan
C. Wood