What Can Personal Bankruptcy Get Rid Of?
A personal bankruptcy is sometimes the only way a debtor can get out of debt and stop collection agencies from contacting them. In our economy, more and more people are turning to bankruptcy to help settle debts such as credit card debt as well as medical expenses which have all added up and causing headaches such as debt collectors calling frequently and wages being garnished. When wages become garnished, the only way to stop the action is to file bankruptcy; there is no other way to stop it.
Personal debts, such as medical expenses, returned checks, personal loans and credit cards can all be included in a personal bankruptcy. These debts can either be wiped clean with a chapter 7 bankruptcy or a payment plan can be put into place with a chapter 13. The chapter 13 will use a trustee to get the payment plan to where the debtor can afford the payments and their monthly expenses.
There are a few types of debt that cannot be included in a personal bankruptcy and that is past taxes and student loans. Many times, if a specially trained tax attorney is notified, they can assist the debtor in negotiating the tax debt to a manageable figure.
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.
