Millions of Americans are currently dealing with significant debt for a variety of reasons, including unexpected medical bills, the loss of a job, or overutilization of credit, just to name a few. Fortunately, United States Bankruptcy law allows many consumers to obtain a fresh financial start through Chapter 7 bankruptcy. In many cases, people who file for bankruptcy are able to eliminate all of their debt and start over in a matter of months. To learn whether bankruptcy is right for you, read on to learn more and contact our office today to schedule a consultation with a bankruptcy lawyer near Hollister.
In a Chapter 7 bankruptcy, a debtor’s non-exempt assets are liquidated, and the proceeds from the sale of those assets are used to pay his or her creditors. Whatever debts are leftover are typically discharged, which means that the debtor is no longer under any obligation to pay them back. Some of the more common kinds of debts that can be eliminated through Chapter 7 bankruptcy include:
Importantly, some types of debts are nondischargeable. For this reason, you should always consult with an attorney before you move forward with filing for Chapter 7 in an attempt to eliminate your debts.
Many people worry that they will have to give up all of their important personal possessions in order to file for Chapter 7 bankruptcy. While this concern is understandable, it is normally unfounded. Chapter 7 only results in the liquidation of a debtor’s non-exempt assets, and there are significant exemptions for a wide variety of personal and real property. In fact, it’s instructive to consider the fact that the majority of Chapter 7 bankruptcy cases are “no-asset” bankruptcies, which means that none of the filer’s assets will be sold off by the bankruptcy trustee. As a result, there is a good chance that you may be able to eliminate your debts without having to turn any of your possessions over to the court.
There is no rule that you have to file for bankruptcy with the assistance of a lawyer, but it’s highly advisable to do so. Bankruptcy can have significant long-term legal and financial consequences, and it’s important that you fully consider all of your options before filing. A lawyer will ensure that your documentation is complete and accurate and that your case goes as smoothly as it can.
If you are having trouble keeping up with your financial obligations, you should speak to an attorney as soon as possible. At Mirada, Magden & Miranda, LLP, we’re committed to helping people in and around Hollister obtain a fresh financial start through bankruptcy. To learn how we can help you, contact us today to set up a consultation with one of our experienced bankruptcy attorneys.
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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