For some individuals and families, simply paying their monthly bills is difficult, never mind all of the debts they have amassed. It’s undoubtedly crucial to keep paying your living expenses before trying to shrink your debts. Although, doing so can lead to a myriad of severe consequences such as foreclosures, repossessions, poor credit scores, lawsuits, garnishments, and bank levies. How are people in this situation supposed to pay down their debt?
Sometimes, the answer is not paying it down but discharging it through a Chapter 7 bankruptcy. Filing bankruptcy with the help of a knowledgeable Monterey County bankruptcy attorney from our firm could be the first step to a better and more secure financial future.
Filing a chapter 7 bankruptcy, commonly referred to as liquidation bankruptcy, lets the debtor liquidate all nonexempt property and be legally out from under most of their debts within three to six months. For many debtors, all of their assets will be exempt from liquidation. This means they will not have to hand over any of their property to their assigned trustee to sell to pay for whatever debts they can.
The first step to the bankruptcy process is to meet with a Monterey County bankruptcy attorney. Your attorney can make sure that you are eligible to file and let you know what to expect. They can answer your questions and address your concerns.
You will likely qualify to file a Chapter 7 bankruptcy if:
As with most legal issues, filing bankruptcy without the legal assistance of a Monterey County bankruptcy lawyer can cause problems. Bankruptcy laws and petitions are complicated, and having a lawyer on your side who is familiar with the laws and processes can help you have the best outcome possible.
Messing up on your petitions or making other mistakes could delay the discharge of your debts or even cause your filing to be thrown out by the trustee or the court. When you work with an attorney, you can be assured that you meet all of the requirements for a chapter 7 bankruptcy and have filed the correct petitions with accurate information.
The attorneys at Miranda, Magden & Miranda, LLP, know how difficult financial burdens can be on individuals and families. They offer compassionate yet professional bankruptcy services to help you through this challenging time. We help bankruptcy clients in the counties of Monterey, Santa Cruz, San Benito, and Santa Clara and in the U.S. Districts of Northern and Eastern California. Schedule your private consultation with an experienced Monterey County bankruptcy attorney by contacting us.
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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