Deciding whether or not you should file for bankruptcy can be extremely hard. Generally speaking, filing for bankruptcy should be a decision of last resort, and a debtor should only decide to file for bankruptcy if every other alternative has failed.
In some situations, however, bankruptcy may become necessary – especially if you are facing harassing calls from debt collectors or are facing repossessions or wage garnishments. The bankruptcy lawyers in Watsonville at Miranda, Magden & Miranda, LLP, can review your circumstances and determine whether a Chapter 7 bankruptcy might be an effective debt elimination tool for you. Please contact us today to find out more about how we can assist you with your bankruptcy case.
An experienced bankruptcy lawyer in Watsonville can review your financial circumstances with you and help you decide whether you should pursue Chapter 7 bankruptcy proceedings. Chapter 7 bankruptcy may be a possibility for you if you do not have any assets of significant value. Chapter 7 bankruptcies are also advantageous in that some debts may be able to be eliminated in their entirety, the process is not financially expensive, and the process tends to go reasonably smoothly (and fast). The only expenses associated with these types of bankruptcy proceedings are typically court costs and attorney’s fees.
A knowledgeable bankruptcy lawyer in Watsonville will explain the Chapter 7 bankruptcy process to you in detail and help you decide if it’s right for you.
Chapter 7 bankruptcies are sometimes called “no asset” bankruptcy cases, and they are typically used as a means of eliminating debts that are unsecured. Unsecured debts include medical bills, personal loans, credit card debt, and more. Chapter 7 also allows for these debts to be eliminated without having to pay the balances back via a repayment plan. The bankruptcy court will appoint a bankruptcy trustee who will oversee your bankruptcy case. The bankruptcy trustee’s primary job is to administer the bankruptcy case, review all of the necessary paperwork, and sell the individual’s nonexempt property, if any.
Nonexempt property refers to property that a bankruptcy debtor is not able to protect using an exemption under the Bankruptcy Code. In cases where the debtor does not have any assets which are nonexempt from bankruptcy proceedings, then the debtor’s creditors will not receive anything.
Not everyone qualifies for Chapter 7 bankruptcy, and there are certain income requirements that you will need to meet before you can begin the process.
If you are contemplating filing for Chapter 7 bankruptcy, it is best to run your plan by an experienced bankruptcy attorney at Miranda, Magden & Miranda, LLP. Our legal team can explain to you the advantages and disadvantages of Chapter 7 bankruptcy proceedings, given your personal and financial situation. To schedule a free case evaluation and legal consultation with a bankruptcy lawyer in Watsonville, please contact us to learn more about how we can assist you with your bankruptcy case.
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..
Last year, I had just moved in the area and needed a family law attorney for a custody case. The process of finding/choosing an attorney could be daunting. However, when I went in for my first consultation with Levi my stress level was immediately mollified. He was personable, which made me feel comfortable to discuss my personal matters freely. I had a lot of questions of the legal process that would take place and he took the time to explain everything with meticulous detail. More importantly, when I called Levi he returned my phone calls in a timely/professional time frame...
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