United States bankruptcy laws allow consumers and businesses to find financial relief when they can no longer afford to pay their debts. People might face financial struggles for many different reasons, many of which are beyond their control. If you face unemployment, medical issues, legal judgments, failed investments, or other roadblocks, there are options for you to overcome your debt and start with a clean financial slate. You should not wait to discuss your options with our bankruptcy attorneys in Hollister – call the legal team at Miranda, Magden & Miranda, LLP today.
Bankruptcy provides assistance for hundreds of thousands of households each year in the United States, including families from the Hollister area. However, bankruptcy is not the right choice for everyone, and it is important that you have a skilled bankruptcy lawyer evaluate your options.
There are different factors that can determine whether bankruptcy is the right choice, such as:
You should be open and honest with our attorneys in your confidential consultation, so we can best identify whether a bankruptcy case is the right avenue for your debt relief.
The next step is to decide which type of bankruptcy is right for you. Consumers generally file under either Chapter 7 or Chapter 13, and these are two very different types of cases.
Chapter 7 – Chapter 7 is commonly called “liquidation bankruptcy,” as you may have to relinquish nonexempt property in order to obtain the discharge of your unsecured debts. Your attorney can provide assistance in applying exemptions to protect the maximum amount of assets and property and can advise you of how much property might be at risk. Chapter 7 is a relatively quick process (often four to six months), and there is no payment plan requirement before your qualified debts can be wiped away. However, if you have too much income or property or you are in danger of losing your home, you might not qualify for Chapter 7, or it may not be the best option.
Chapter 13 – The second-most common type of consumer bankruptcy is Chapter 13, also known as “reorganization bankruptcy.” This type of case will not put your property in jeopardy, but it will require you to enter into a repayment plan with the bankruptcy court for three to five years. You will make a single monthly payment, which the bankruptcy trustee will then distribute to your creditors in order of priority. When you complete the payment plan, your remaining qualified debts can be discharged.
At the law firm of Miranda, Magden & Miranda, LLP, our bankruptcy attorneys in Hollister help clients find financial relief through the bankruptcy process. We handle Chapter 7 and Chapter 13 cases, and we can advise you on the best course of action, so contact us today.
Patricia has been so helpful and provided excellent service. My husband and I are so grateful for all the help she has provided to help me immigrate to the United States. We really could not have gotten through it without her help. A big thank you to Patricia\'s assistant, Ingrid as well for always being prompt with responses and helping us get all the paperwork ready at each stage. I highly recommend Patricia for anyone who needs immigration help.
Thank you Miranda and team for the excellent service provided. Miranda is a compassionate, understating, extremely knowledgeable and professional attorney. Her team was always on top of everything making my legal process less stressful. I could never thank Miranda and her assistant Ingrid for holding my hand throughout this difficult process (literally). Miranda is one of the BEST immigration lawyers ever! I would definitely recommend her.
They represented my custody case and handled it like it is their own case and they are best in Monterey County.
The entire team at MMM are superstars! I appreciate all the time and prep that went into my original case many years ago. And now recently, I asked for some help on a follow-up custody matter that I felt I could handle myself but just needed their expertise to properly represent all the important details. They are knowledgeable, extremely thorough, and prepared me for every possible scenario. I can't thank them enough!
My partner and I sought legal advice on bringing my fiance' to the United States with this office after having called a few immigration attorney offices around Monterey County. Having never sought legal advice before it was a refreshing experience in which we both really felt that Patricia listened intently to our goals and needs, and then not only gave us thorough advice, but also she really showed a lot of empathy with our situation and all the challenges we faced in what we trying to do. I would definitely recommend this office for anyone who is unclear about what..
Working with Patricia was a professional encounter unlike any other, an absolute 5-star experience. From the first moment, we walked into our consultation until the moment our case was closed and my husband walked away with his permanent resident card Patricia was communicative, professional, and thorough. Her team contacted us every step of the way providing valuable process and law changes we would not have been able to catch if we tried to navigate this endeavor alone. Patricia answered our endless question stream with thoughtfulness and care, calling us countless times to ensure we were clear on every piece of..
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