Experienced and qualified legal representation.

Stockton, CA

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Bankruptcy Attorneys

A business or an individual can declare bankruptcy once they have ascertained that it has become impossible to pay off one's creditors. It can give you a chance to start over from a financial point of view, as most of debts are relieved after bankruptcy as been filed.

Chapter 7, or liquidation bankruptcy, means that your "estate" – i.e., your assets – is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors' needs are assessed.

Reorganization bankruptcies can be filed under the following guidelines:

  • Chapter 9 – municipalities
  • Chapter 11 – businesses and individuals with many assets
  • Chapter 12 – farmers, fisherman
  • Chapter 13 – individuals with steady income
  • Chapter 15 – international cases

Contact us today to learn more about your options under the current bankruptcy laws. We're here to help.

 

 

Chapter 13 Bankruptcy

In the U.S., consumers who are finding it difficult to keep up with their debt may choose to file for bankruptcy. Those who file for Chapter 13 often have the opportunity to create feasible payment plans and repay their debt over the course of three to five years while keeping assets such as homes, vehicles, and other valuable property.

If you’re considering Chapter 13, you should know that there are many benefits to making this responsible choice. For example, you may be able to stop foreclosure on your home or prevent your vehicle from being repossessed because you are willing to repay your debt.

At our firm, we assist people who decide to move forward with Chapter 13. A bankruptcy attorney from our team can:

  • Help you file your bankruptcy petition and related legal paperwork
  • Represent you at your 341 creditors meeting
  • Resolve disputes with your creditors
  • Create a payment plan that is within your economic means
  • Provide you with support as you get your finances back on track

To learn more about our Chapter 13 bankruptcy services, contact our firm today.