How Can Filing Bankruptcy Help?

If you are being pursued by creditors, at risk of losing your home to foreclosure, or facing vehicle repossession, filing bankruptcy can help by stopping all debt collection efforts dead in their tracks.

By law, once a bankruptcy petition is filed with the court, collection calls, foreclosure activity, and automobile repossessions must be halted until the bankruptcy process is completed. During this time, you will not receive harassing collection calls and will be able to stay in your home and keep your car.

Susan K. Holliday and her team offer their services with the process of filing for Chapter 7 and Chapter 13 Bankruptcies.

Why Should I Hire a Bankruptcy Attorney?

Just about every aspect of filing bankruptcy provides challenges to debtors trying to navigate the process on their own. These challenges include:

  • The determination of the best bankruptcy format for your situation.
  • Defining the assets which you can keep under both bankruptcy processes.
  • Proper execution of the means test.
  • Taking advantage of all the opportunities presented in the bankruptcy code.
  • Ensuring that all of your rights are protected during and after the bankruptcy process.

Chapter 7 Bankruptcy

Our team can help you break free from the burden of overwhelming debt by simply filing Chapter 7 Bankruptcy. With the level of experience that our team brings to the table, a Chapter 7 Bankruptcy filing can eliminate most of the unsecured debts including balances owed on credit cards, medical bills, and a variety of other unsecured loan amounts which may have built up over the years.

The end result of the discharge of these debts means that, at the completion of the Chapter 7 Bankruptcy process, you are no longer obligated to repay them, ever. Granted a fresh financial start, you’ll be able to live your life again free of crushing monthly payments, collector’s calls, and the stress of being behind in payments due.

Chapter 13 Bankruptcy

Chapter 13 bankruptcies, often called “wage-earners bankruptcy”, provide a person with a way to achieve a new start, but require the filer to pay off some of their outstanding debts.

Under the terms of Chapter 13 bankruptcy the unsecured debts are combined into priority unsecured debts (taxes owed, wages owed to employees, and other debts to governments) and non-priority unsecured debts (credit cards, medical bills, etc.)

In Chapter 13 bankruptcy a payment plan of three to five years is developed, based on the amount of money left after you pay your living expenses what will pay any arrearages on your secured debt, your priority debts and, if anything is left, your unsecured debt. Once the agreed payments have all been made, you will receive a discharge for your debts that were included in the bankruptcy whether or not payments satisfied the outstanding balance.

Filing a Chapter 13 bankruptcy requires you to submit a detailed budget to the court and the trustee. It may take time for you to compile all the records necessary to file a Chapter 13 case. Susan helps you evaluate your financial situation and prepare your case for court.

Chapter 7 & Chapter 13 Bankruptcy Attorney’s offering legal services for clients throughout California, including Irwindale, Covina, West Covina, Duarte, Azusa, Ontario, Rancho Cucamonga, Redlands, and Claremont.

Cities: Azusa, Duarte, Covina, West Covina, Irwindale, Chino, Chino Hills, City of Industry, Rancho Cucamonga, Ontario and Claremont.