Many people who acquire significant consumer debt, such as through credit cards, feel trapped and do not know where they should turn next. Although Chapter 7 bankruptcy is not the right option for everyone, it can offer people an opportunity to discharge a significant amount of their debt and start their financial lives anew.
If you are thinking about pursuing Chapter 7 bankruptcy as an option for debt relief, it is very important that you first speak with a knowledgeable attorney. A lawyer can review your financial circumstances with you and help you decide if filing for Chapter 7 bankruptcy might be the best option for you. The Greenfield debt relief lawyers at Miranda, Magden & Miranda, LLP, can assist you throughout every aspect of the decision-making process and Chapter 7 bankruptcy proceedings. Please reach out today to learn more about how our office could assist you with your legal needs.
A chapter 7 liquidation proceeding involves selling a person’s nonexempt assets in order to satisfy debts that an individual owes to one or more creditors. Once the assets are sold, and the creditors are paid, any remaining debts owed may be subject to discharge.
The assets that may be sold as part of Chapter 7 bankruptcy proceedings are known as nonexempt assets. However, there are certain categories of assets that may not be subject to sale as part of these proceedings. Assets that may be exempt from sale in a Chapter 7 bankruptcy proceeding include the following:
Although some types of debt, including consumer credit card debt, may be discharged via a Chapter 7 bankruptcy proceeding, there are certain types of debt that do not qualify for discharge by way of a Chapter 7 bankruptcy. Those types of debts include the following:
There are many ways that an experienced Greenfield debt relief attorney can help. First, a lawyer can help you decide whether a Chapter 7 bankruptcy proceeding is right for you, given your debt situation and financial circumstances. Your attorney can also explain the entire bankruptcy process from beginning to end and make sure that you are aware of everything that is going on at all times. Finally, your lawyer can work to help you keep as many of your assets as possible and limit the number of assets that need to be sold in order to satisfy your creditors.
When it comes to Chapter 7 bankruptcy proceedings, the experienced legal team at Miranda, Magden & Miranda, LLP, is here to help. For a legal consultation or case evaluation with an experienced Greenfield debt relief attorney, please contact us online today for more information.
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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