San Bruno Bankruptcy Lawyers
You do not have to live with creditors calling you and struggling to pay your debts each month. Bankruptcy will allow you to receive the fresh start you deserve. Our San Bruno bankruptcy lawyers have filed hundreds of bankruptcy cases and all of our consultations are FREE. Call us today to schedule a free consultation. 1-877-963-9543
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.
One of the most troubling trends we see is our clients taking early withdrawals from their retirement accounts. The first problem is that you will need that money you have put away for retirement. The second problem is that most people do not pay the taxes and penalties for taking the early withdrawal with the money they withdraw. So now you have reduced your retirement savings significantly and have a large tax bill looming over you. While trying to pay off your creditors is admirable, if you cannot each and every one of them off, then do not give a large sum of money to any one creditor. You will have paid off the one debt, but what about the rest? What we have found is that many people still file bankruptcy even after they have taken early withdrawals from their retirement accounts to try and deal with their debts. The third problem is that we can protect each and every penny of a qualified retirement account if individual retirement account and still discharge your eligible debts.
Bankruptcy is not designed to take all of your stuff away. It is designed to provide a fresh start without having to worry about burdensome debts. Bankruptcy provides permanent debt relief. Most bankruptcy filers keep their homes, cars and other household goods when filing bankruptcy. See Chapter 7 Bankruptcy Basics or Chapter 13 Bankruptcy Basics for more information about how bankruptcy can provide permanent debt relief. Filing for bankruptcy protection will put you on the road to recovery and a happier, healthier life.
By
Ryan
C. Wood