It can be very difficult to decide whether or not you should file for Chapter 7 bankruptcy in California. In general, you should not make the decision to file for bankruptcy until you have exhausted all other alternatives and spoken with an attorney.
One of the best benefits to Chapter 7 bankruptcy is that it can bring an end to stressful communications from debt collectors and can help you on the road to rebuilding your credit. If you are considering filing for Chapter 7 bankruptcy, the Seaside, CA, bankruptcy attorneys at Miranda, Magden & Miranda, LLP are here to help.
Our knowledgeable legal team will start by reviewing your financial circumstances and can help you decide if Chapter 7 bankruptcy may be a workable option for you. Please give us a call today to learn more about how we can assist you throughout the bankruptcy process.
First and foremost, you should generally not consider filing for Chapter 7 bankruptcy unless and until you have explored other debt-relief options if they are feasible with your level of income, assets and debts. If you do not own a home or any other large-value assets, a Chapter 7 bankruptcy proceeding might be to your advantage, and you should consider going that route. Even if you do own property, the right attorney might be able to protect your property in a Chapter 7 case, as is most often the case in California. You might also consider Chapter 7 if you have a large amount of unsecured debt, including medical bills and credit card debt, to your name.
Some common advantages associated with filing for Chapter 7 bankruptcy in California include the following
Eligibility for a Chapter 7 bankruptcy is based on income. If you earn too much, you may not be eligible to proceed with a Chapter 7 bankruptcy. A Seaside, CA, bankruptcy attorney can determine if you are eligible to proceed with a Chapter 7 bankruptcy. If so, your lawyer will be able to help you decide if declaring bankruptcy is worth doing, given both your financial and personal circumstances.
An appointed bankruptcy trustee is responsible for overseeing Chapter 7 bankruptcy proceedings. In addition to overseeing the case, a bankruptcy trustee will review all of the case paperwork and sell the debtor’s nonexempt bankruptcy property – or property that a debtor does not have a legal right to protect under the federal Bankruptcy Code. Some debtors do not have nonexempt assets, and when that is the case, the creditors will not be eligible to receive anything, and debtors retain all their property.
The knowledgeable team of bankruptcy attorneys at Miranda, Magden & Miranda, LLP, can assist you with every aspect of your Chapter 7 bankruptcy case. To schedule a free case evaluation and legal consultation with our Seaside, CA, bankruptcy attorneys, please contact us to discover more about how we can 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..
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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