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Chapter 7 Bankruptcy Lawyer Gonzales, CA

Chapter 7 Bankruptcy Lawyers Representing Your Rights in Gonzales

If you are experiencing financial difficulties that seem to be inescapable, it is possible you have not considered all of your options. While you might not be familiar with the bankruptcy laws of the United States, it is possible that consulting with a Chapter 7 bankruptcy lawyer in the Gonzales area could provide you with the answer you are looking for. Financial problems that appear to be intractable could actually prove to be reasonably easy to solve. You should consider contacting the bankruptcy attorneys of Miranda, Magden, & Miranda, LLP, to see if they can help with your financial problems.

Chapter 7 Bankruptcy Can Get Rid of Many of Your Debts

While Chapter 7 bankruptcy is not a cure-all for what you owe, it can help significantly in alleviating your debt burden and make it more manageable. In fact, almost all of your unsecured debts can be discharged in a Chapter 7 bankruptcy if you qualify, meaning you would not have to repay any of those discharged debts. The entire purpose of bankruptcy is to provide honest debtors who are overwhelmed by their debts to have a fresh start.  

While bankruptcy law requires certain debtors to enter a program to repay at least some of their debts, that is not the case with Chapter 7. With some exceptions, people who file for bankruptcy under Chapter 7 – sometimes called liquidation bankruptcy – generally don’t have to repay any of their debts, although secured debts, such as car loans and mortgages, cannot be avoided. Even with secured debts, though, exemptions and other provisions of bankruptcy law generally will allow debtors to keep their homes and vehicles so long as they keep making their payments.

What Does Chapter 7 Bankruptcy Do For Me?

Chapter 7 bankruptcy can provide you with a fresh financial start. If you have debts you can no longer handle – such as medical bills, credit cards, signature loans, or other unsecured debts – Chapter 7 bankruptcy can wipe out those debts. It doesn’t matter if the debts piled up because you lost your job, lost income because of a divorce, or any other reason. If you qualify, Chapter 7 can help you get out from under the burden of debts that you can’t satisfy. 

Chapter 7 bankruptcy does have some conditions in certain circumstances. If you have property you cannot protect with bankruptcy exemptions, the bankruptcy trustee can liquidate that property to pay some of your priority debts. However, a skilled bankruptcy lawyer will know how to apply exemptions to protect as much as possible, and many filers do not lose any assets or property as part of their case. 

If You Have Debts You Can’t Pay, Contact a Chapter 7 Bankruptcy Lawyer in Gonzales

If you have debts that you cannot pay, you should talk to a Gonzales, CA Chapter 7 bankruptcy attorney. The attorneys of Miranda, Magden & Miranda, LLP, can provide the help you need to solve your debt problems.

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