F.A.Q. about Bankruptcy in Sacramento

Can a Chapter 7 or 13 Bankruptcy Help Me? It is Very Possible.
Can I file a California Chapter 7 or 13 Bankruptcy?
What bills can I eliminate?
Why should I file?
What are the benefits of filing a Chapter 7 or 13 Bankruptcy?
But I am married, I don't want my spouse to have to pay for my debts.
But I am afraid, I do not want to lose my job or go to jail.
Well, what about my home, car, and personal belongings?
Will I be constantly in Court and having to take time off work?
Won't Bankruptcy ruin my credit?
How can LAW-PRO-9, P.C. help me?

1. Can a Chapter 7 or 13 Bankruptcy Help Me? It is Very Possible.

A Chapter 7 bankruptcy is a proceeding where you are allowed to simply get rid of your debts. If you have little disposable income (income left over after paying necessities every month) and if you own little property, you will be allowed to get rid of your debts without losing anything.

A Chapter 13 bankruptcy is where you are allowed to re-organize your existing debt into a payment plan you can afford even if you have disposable income and extensive property. This type of bankruptcy is especially important if you are facing foreclosure on you home.

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2. Can I file a California Chapter 7 or 13 Bankruptcy?

If you live, have a business, or have property in California, and have had for the last 180 days, then you likely can file for Chapter 7 or Chapter 13 Bankruptcy in California.

And generally speaking, if you have not filed a Chapter 7 bankruptcy in the last 8 years and you find yourself coming home to pay your monthly living expenses (your food, utilities, etc.) but have no money left over for your creditors, you're likely eligible to file a Chapter 7 bankruptcy.

And regardless of past bankruptcies, you can almost always file a Chapter 13 bankruptcy to re-organize your debts and save your property.

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3. What bills can I eliminate? Bills

Virtually ALL BILLS can be eliminated in a Chapter 7 Bankruptcy.
But, there are a few exceptions such as

Student Loans
Spousal or Child Support
Recent Taxes
Criminal Fines, penalties
Debts incurred as a result of driving drunk, and some others.

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4. Why should I file?

Most commonly because you have suffered a loss of work, been injured and have medical bills, are getting divorced, have other large expenses, or have just gotten in too deep with your credit cards.

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5. What are the benefits of filing a Chapter 7 Bankruptcy?

A Chapter 7 or 13 Bankruptcy will

Stop wage garnishments
Stop foreclosure
Stop the creditors from calling and harassing you.
Stop a lawsuit.
Stop collections on debts that you cosigned.
Stop collection on your personal debts.
Stop an upcoming Unlawful Detainer - Eviction Proceeding.
Stop collection on a judgment against you.
Stop and possibly remove liens on you home or furnishings.

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That's fine, in many instances you can file by yourself.

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7. But I am afraid, I do not want to lose my job or go to jail.

You wont. Your employer is not allowed to discriminate against you for filing bankruptcy and you just can not ever go to jail as a result of filing bankruptcy.

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8. Well, what about my home, car, and personal belongings?

In most instances, depending on how much "equity" you have in your home and car, you can keep these items. California Law allows you to keep a certain amount of reasonably necessary property including things like your home, car and personal belongings. A trained bankruptcy attorney can easily evaluate your assets and give you an immediate answer as to property at risk.

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9. Will I be constantly in Court and having to take time off work?

NO! You will be required to attend one brief Court appearance. In usual cases this appearance, called the "First Meeting of Creditors" lasts just a few minutes (that's right minutes!). Generally this appearance will be your last.

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10. Won't Bankruptcy ruin my credit?

NO! Remember, "credit" is only a term indicating the measure by which we are capable of borrowing money. Chances are, if you are reading this, you are not able to borrow anyway. Your credit is poor or in a state of ruin already. As the saying goes, there is only one direction to travel from the bottom of the bucket. Furthermore, more and more, the credit industry is recognizing that those who have filed bankruptcy are actually good borrowing candidates. Why? Because they have no debt, they have money available, they can not file bankruptcy again for 6 years. Don't simply believe that your credit will vanish after bankruptcy. This is not generally the case.

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11. How can LAW-PRO-9, P.C. help me?

We are trained attorneys who have literally handled thousands of Chapter 7 bankruptcies in California. It is our goal to provide a painless and reassuring trip through the entire Chapter 7 process, from beginning to end. You won't be stuck with just a paralegal. You won't go to Court alone. You will have your questions answered and you can be assured that your property will be protected as much as the law will allow.

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	Bankruptcy - F.A.Q.
	LAW-PRO-9, P.C. - BANKRUPTCY FAQ'S WE'RE ON YOUR SIDE
	Can a Chapter 7 or 13 Bankruptcy Help Me? It is Very Possible. Can I file a California Chapter 7 or 13 Bankruptcy? What bills can I eliminate? Why should I file? What are the benefits of filing a Chapter 7 or 13 Bankruptcy? But I am married, I don't want my spouse to have to pay for my debts. But I am afraid, I do not want to lose my job or go to jail. Well, what about my home, car, and personal belongings? Will I be constantly in Court and having to take time off work? Won't Bankruptcy ruin my credit? How can LAW-PRO-9, P.C. help me? 1. Can a Chapter 7 or 13 Bankruptcy Help Me? It is Very Possible. A Chapter 7 bankruptcy is a proceeding where you are allowed to simply get rid of your debts. If you have little disposable income (income left over after paying necessities every month) and if you own little property, you will be allowed to get rid of your debts without losing anything. A Chapter 13 bankruptcy is where you are allowed to re-organize your existing debt into a payment plan you can afford even if you have disposable income and extensive property. This type of bankruptcy is especially important if you are facing foreclosure on you home. Back to the top 2. Can I file a California Chapter 7 or 13 Bankruptcy? If you live, have a business, or have property in California, and have had for the last 180 days, then you likely can file for Chapter 7 or Chapter 13 Bankruptcy in California. And generally speaking, if you have not filed a Chapter 7 bankruptcy in the last 8 years and you find yourself coming home to pay your monthly living expenses (your food, utilities, etc.) but have no money left over for your creditors, you're likely eligible to file a Chapter 7 bankruptcy. And regardless of past bankruptcies, you can almost always file a Chapter 13 bankruptcy to re-organize your debts and save your property. Back to the top 3. What bills can I eliminate? Virtually ALL BILLS can be eliminated in a Chapter 7 Bankruptcy. But, there are a few exceptions such as Student Loans Spousal or Child Support Recent Taxes Criminal Fines, penalties Debts incurred as a result of driving drunk, and some others. Back to the top 4. Why should I file? Most commonly because you have suffered a loss of work, been injured and have medical bills, are getting divorced, have other large expenses, or have just gotten in too deep with your credit cards. Back to the top 5. What are the benefits of filing a Chapter 7 Bankruptcy? A Chapter 7 or 13 Bankruptcy will Stop wage garnishments Stop foreclosure Stop the creditors from calling and harassing you. Stop a lawsuit. Stop collections on debts that you cosigned. Stop collection on your personal debts. Stop an upcoming Unlawful Detainer - Eviction Proceeding. Stop collection on a judgment against you. Stop and possibly remove liens on you home or furnishings. Back to the top 6. But I am married, I don't want my spouse to have to pay for my debts. That's fine, in many instances you can file by yourself. Back to the top 7. But I am afraid, I do not want to lose my job or go to jail. You wont. Your employer is not allowed to discriminate against you for filing bankruptcy and you just can not ever go to jail as a result of filing bankruptcy. Back to the top 8. Well, what about my home, car, and personal belongings? In most instances, depending on how much "equity" you have in your home and car, you can keep these items. California Law allows you to keep a certain amount of reasonably necessary property including things like your home, car and personal belongings. A trained bankruptcy attorney can easily evaluate your assets and give you an immediate answer as to property at risk. Back to the top 9. Will I be constantly in Court and having to take time off work? NO! You will be required to attend one brief Court appearance. In usual cases this appearance, called the "First Meeting of Creditors" lasts just a few minutes (that's right minutes!). Generally this appearance will be your last. Back to the top 10. Won't Bankruptcy ruin my credit? NO! Remember, "credit" is only a term indicating the measure by which we are capable of borrowing money. Chances are, if you are reading this, you are not able to borrow anyway. Your credit is poor or in a state of ruin already. As the saying goes, there is only one direction to travel from the bottom of the bucket. Furthermore, more and more, the credit industry is recognizing that those who have filed bankruptcy are actually good borrowing candidates. Why? Because they have no debt, they have money available, they can not file bankruptcy again for 6 years. Don't simply believe that your credit will vanish after bankruptcy. This is not generally the case. Back to the top 11. How can LAW-PRO-9, P.C. help me? We are trained attorneys who have literally handled thousands of Chapter 7 bankruptcies in California. It is our goal to provide a painless and reassuring trip through the entire Chapter 7 process, from beginning to end. You won't be stuck with just a paralegal. You won't go to Court alone. You will have your questions answered and you can be assured that your property will be protected as much as the law will allow. Back to the top
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Bankruptcy - F.A.Q.

LAW-PRO-9, P.C. - BANKRUPTCY FAQ'S WE'RE ON YOUR SIDE

LAW-PRO-9, P.C. - BANKRUPTCY FAQ'S
WE'RE ON YOUR SIDE