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You’re considering bankruptcy because you’ve exhausted all other options. After struggling for months to pay bills you may be facing wage garnishment, foreclosure or a lawsuit. You need to stop the debt collectors, erase your debt and rebuild your credit. Fortunately, bankruptcy can help you eliminate debt and get a fresh start. If you’re considering bankruptcy I encourage you to contact Sacramento Law Group LLP for a free phone consultation. By speaking with our bankruptcy attorney you can learn whether bankruptcy is right for you. Best of all, we only charge $900 in attorney fees for most chapter 7 bankruptcy cases. To receive a free phone consultation call our bankruptcy attorney at (916) 596-1018.
By Adam Garcia
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the most popular form of bankruptcy in Elk Grove. To qualify for chapter 7 bankruptcy your income for the past 6 months must fall below a certain amount. Furthermore, you cannot have received a discharge in chapter 7 bankruptcy in the past 8 years. After a brief phone consultation our bankruptcy attorney can tell you if you qualify for chapter 7 bankruptcy.
In chapter 7 bankruptcy most unsecured debts are eliminated. In general, credit card debts, medical bills, pay-day loans, online loans and other forms of unsecured debt can be eliminated in chapter 7 bankruptcy. However, certain debts cannot be eliminated such as alimony, child support, and most student loans. Again, our bankruptcy attorney can tell you which debts can be eliminated during a free phone consultation.
Chapter 7 bankruptcy is very popular for 3 reasons: (1) it eliminates common debts like credit cards, medical bills, etc; (2) it’s usually over in a few months as long as 100% of your property is protected; & (3) it’s much cheaper than chapter 13 bankruptcy. Our bankruptcy attorney only charges $900 in attorney fees for most chapter 7 bankruptcy cases.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a repayment form of bankruptcy in which you repay all or a percentage of your debts over a 5 year period. In exchange, certain remaining debts are eliminated. Elk Grove clients usually file chapter 13 bankruptcy because they make too much money and don’t qualify for chapter 7 bankruptcy. Another common reason to file chapter 13 bankruptcy is to stop foreclosure.
Stop Foreclosure & Wage Garnishment
Bankruptcy is the most effective way to stop debt collectors. When you file bankruptcy section 362(a) of the Bankruptcy Code requires debt collectors to stop collection actions. This prohibition against collection actions includes wage garnishment, foreclosure, lawsuits, and repossession. For instance, if your wages are being garnished through an Earnings Withholding Order the act of filing bankruptcy will stop the wage garnishment. Moreover, if the underlying debt is unsecured you may be able to eliminate that debt in chapter 7 bankruptcy. In terms of foreclosure, filing bankruptcy will stop foreclosure allowing you to keep your home in chapter 13 bankruptcy.
Your Path To Debt Relief
At Sacramento Law Group LLP we help Californians as far south as Modesto and as far North are Redding achieve debt relief through bankruptcy. To begin your path to debt relief call our Elk Grove bankruptcy lawyer at (916) 596-1018 for a free phone consultation.