Credit cards, student loans, car payments, past due utilities; If you are facing outrageous debts that are keeping you from being able to live your life and build a financial future, it may be time to start thinking about whether bankruptcy could be the answer. While there are many things you can do to catch up on payments or postpone debts, eventually they will just grow and lead to more frustration.
The experienced bankruptcy lawyers at Miranda, Magden & Miranda, LLP look for creative solutions to challenging debt problems. Sometimes bankruptcy is not the right choice. Other times, a restructured plan may be better. For those seeking a completely fresh start, Chapter 7 bankruptcy may be the perfect solution.
When you file for bankruptcy protection, you are asking the court to wipe out your debts. By doing so, you are also asking the court to tell creditors they will never get paid what they are owed. Therefore, there are specific protections in place to make the process as fair as possible. For these reasons, the law allows some debts to be discharged, while others cannot be. Here are a few debts you can discharge in bankruptcy:
On the other hand, there are some debts you cannot discharge. The big one many people do not think about is student loans. Federally-backed student loans are not dischargeable in most situations. However, some private loans are.
In bankruptcy, it is important to carefully consider what assets are backed by collateral. The debts that are secured by collateral will require some work to make sure you can keep them. Creditors will generally want to sell or liquidate these assets in order to recover as much money as possible. If you need these things for work, you may be able to keep them under certain circumstances.
A California bankruptcy lawyer may be able to help you take steps to preserve your car, your home, and even other items that you need for work purposes. It is important that you work with an attorney who knows how to efficiently move your case forward. Tiny mistakes can end up costing you a lot. Call Miranda, Magden & Miranda, LLP today to discover whether you qualify for a Chapter 7 bankruptcy.
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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