Debt Relief Solutions From Experienced Attorneys
If you are struggling with debt and considering bankruptcy, you may have questions about the bankruptcy process. At Bankruptcy Law Group, PC, we can help you understand what you will face should you decide to file. Our attorneys have extensive experience helping people like you through the bankruptcy process and achieving debt relief.
Contact us today to discuss your debt relief options. Our California bankruptcy lawyers are here to help.
Bankruptcy Basics
The bankruptcy process, although no walk in the park, is not as forbidding and time-consuming as you may have heard. If successful, you can achieve your debt relief goals with relatively little time and trouble.
The basic steps are:
- Filing the bankruptcy petition: This will enact the automatic stay, which stops lawsuits, garnishment, foreclosure and other creditor actions.
- In 30 to 45 days, meet with the bankruptcy trustee at the 341 meeting: In this meeting, the trustee may ask you questions about your debt and personal finances. Although it is called a Meeting of Creditors, creditors rarely show up.
- If you are filing Chapter 7, the trustee will sell any qualifying assets you own for the benefit of the creditors. (Most people who file for Chapter 7 have no qualifying assets.)
- 60 days after filing Chapter 7, debt is discharged.
- If you are filing for Chapter 13, a payment plan will be established. You will pay a set amount each month over a three to five year period, based on what you can afford.
Our lawyers have handled thousands of bankruptcy cases for clients throughout California and Nevada and can guide you through all stages of the bankruptcy process. We are dedicated to helping you achieve your debt relief goals.
Schedule Your Free Consultation
If you need help with the bankruptcy process, we are here for you. Contact us today to schedule a free debt relief consultation with one of our experienced California bankruptcy attorneys. We hold regular office hours and are available evenings and weekends by appointment. We have law offices in Sacramento, Fairfield, and Redding, California and Reno, Nevada.
