It seems like you may soon be filing for personal bankruptcy, and it is not a very easy decision to make. In all honesty, it should not be easy because it comes with a few disadvantages that are not good. Filing for personal bankruptcy should not be your first option just because you are to far in debt. There are debt relief services, and consolidation loans that may be considered first. However, when all else has been exhausted, then contact a bankruptcy attorney, and discuss your options.
If you have a question regarding Bankruptcy in San Jose please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
A lawyer will ask to see a list of all creditors that you owe. Usually a personal bankruptcy can protect certain assets such as your home and automobile. There are no guarantees that all the monies owed will be discharged. That is up to the trustee that reviews it all and than decides what can and cannot be discharged. The attorney will file all necessary legal documents, and the creditors can no longer contact you. After several months, you will appear before the court appointed trustee, and a judgment is entered. In approximately one year, you will receive a final discharge by mail. This all remains on your credit report for seven to ten years.