If you find yourself weighed down by debts that you cannot pay, filing for Chapter 7 bankruptcy may be a solution so that you can get a fresh financial start. Chapter 7 bankruptcy is a process that allows you, the debtor, to be relieved of debts while paying your creditors with assets that are not exempt and necessary for you to live. In other words, the court will liquidate certain assets and use the funds to pay your creditors, if they are beyond the exemptions that the Court allows.
If you are considering Chapter 7 Bankruptcy, an experienced Seaside, CA bankruptcy lawyer can help you to decide whether this is the right path for you and advise you what to expect. You want the right attorney guiding you through this process.
Chapter 7 bankruptcy wipes out your unsecured debts in exchange for the liquidation of certain property and assets. The process begins with your bankruptcy lawyer ensuring that you qualify and preparing your bankruptcy petition and supporting documents to file with the court.
Filing your petition initiates your case and puts in place the automatic stay. This is a court order preventing any creditors from engaging in collection activity during your case unless they seek and obtain special permission from the court. Actions that are halted include:
Having all of the above paused can provide immediate relief for you and your household.
When filing for bankruptcy, there are certain assets or property that you can exempt to prevent them from being sold to pay creditors. While some states allow you to choose between state and federal exemptions, California will require you to use state exemptions. Additionally, where some states allow spouses to double exemptions, California prohibits such with some exceptions. This makes it imperative to have legal assistance when it comes to applying exemptions. Some people do not lose any property in Chapter 7 bankruptcy due to properly applied exemptions.
At the end of a successful Chapter 7 case, the judge will discharge your qualified debts. These can include the following and more:
You want a lawyer who will take the necessary steps and address any possible complications to ensure you receive a successful discharge of your debts. While most cases go smoothly, there are also many opportunities for things to go wrong, and we can help prevent unnecessary delays.
If you are considering filing for Chapter 7 Bankruptcy, call the Seaside bankruptcy lawyers at Miranda, Magden & Miranda, LLP. Our experienced lawyers will help you decide whether bankruptcy is the right course of action for you to find the financial relief and fresh start that you deserve. Contact us today to schedule your consultation, so we can begin assessing your options and helping you take back control of your finances.
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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