If you are dealing with crushing debts that deprive you of all your earnings and leave you unable to even get by each month, it might be time to take a good hard look at bankruptcy. It is really not as scary as it sounds. Here in Monterey, the lawyers of Miranda, Magden & Miranda, LLP are devoted to helping people get a fresh start and rebuild their lives debt-free. Give us a call today if you need help getting out of debt.
The U.S. Bankruptcy Code is divided into several parts. There is Chapter 11, which applies to businesses. There is Chapter 13, which helps higher-earning individuals who wish to restructure their debts and pay over time. Then there is Chapter 7, which is considered the most ideal form of bankruptcy, provided you can qualify. In a Chapter 7 bankruptcy, your debts are written off, you get a clean slate, and you start over.
Bankruptcy often receives a bad reputation, and many see it in a negative light. That being said, bankruptcy is often the right choice for many who are looking to restructure or erase their debts and move forward with their lives. Generally, you will have your credit score impacted for a period of time. That being said, you will be out of any crushing debt and have the opportunity to start anew.
You do not have to give up everything in a Chapter 7. In fact, California is actually one of the most generous states regarding terms of the exemptions that protect your assets from liquidation in bankruptcy. To be sure, many of our clients at Miranda, Magden & Miranda, LLP have the ability to protect their assets during a Chapter 7 bankruptcy, which ensures they have enough thereafter to move onwards with their lives.
A Chapter 7 bankruptcy is means-tested, meaning you cannot have too much money or income. First, if you make less than the “median” California household of the same size, then you often qualify. If your last six-months’ income is greater than the median, you move to the next step, which is a bit more complicated. To determine exactly what exemptions you can claim, it is best to speak with an attorney right away. Call Miranda, Magden & Miranda, LLP today.
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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