For many years, the lushness of the Salinas Valley along with the mildness of the Monterey County climate have made Salinas the “salad bowl of the world.” Many area families depend, directly or indirectly, on produce and agriculture. So, area residents know what it is like to lose almost everything due to an unexpected freeze, sudden economic downturn, or other uncontrollable event.
Chapter 7 bankruptcy was designed for people in these situations. Many times, a job loss, divorce, serious illness, or other financial storm comes along and financially devastates a family. Since most people in Salinas live from paycheck to paycheck, they do not have the resources to cope with these events. They often turn to credit cards and other unsecured loans, and that debt quickly gets out of control.
The diligent lawyers at Miranda, Magden & Miranda not only work hard to protect your financial future. We also communicate with you proactively throughout the entire process, so you are never in the dark.
Bankruptcy gives people a fresh start. To receive that fresh start, debtors must retain most or all of their assets. So, rather than liquidating assets to pay creditors, Chapter 7 bankruptcy protects these assets.
This protection begins with the Automatic Stay. In most cases, Section 362 of the Bankruptcy Code takes effect immediately. As long as the Automatic Stay remains in effect, moneylenders cannot pursue any adverse action against debtors.
Adverse action includes things like repossession, foreclosure, and wage garnishment. To do these things, the moneylender must obtain special permission from the bankruptcy judge. At Miranda, Magden & Miranda, our attorneys fight to keep that from happening.
Furthermore, most of your assets are exempt in Chapter 7. In most cases, the trustee (person who oversees the bankruptcy for the judge) cannot seize property like:
An experienced attorney knows how to maximize your exemptions by accurately declaring their value. For example, most used cars have practically no economic value, despite their substantial emotional value.
Chapter 7 is the best way to shed unsecured debt that a family cannot possibly afford to pay. In a matter of months, the judge typically discharges most unsecured debt, including:
Other unsecured debts are dischargeable in certain situations. For example, past-due income tax is usually dischargeable if the returns have been on file for at least two years and the debt is at least three years old.
At Miranda, Magden & Miranda, we do more than file paperwork. We take assertive action to help you get back on your feet. These actions include some advanced bankruptcy options, like the property redemption option, which can save you thousands of dollars.
We also help advise people on how to rebuild their credit ratings.
Chapter 7 can be the key to your family’s successful financial future. For a confidential consultation with an experienced bankruptcy attorney in Salinas, contact Miranda, Magden & Miranda LLP. We routinely handle matters in Monterey County and nearby jurisdictions.
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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