Many people think that living in Watsonville is like living in paradise. The climate is nice and the people are diverse. But living in paradise is not cheap. Largely due to the high cost of living in California, roughly a third of Watsonville families do not have the cash to cover a $400 emergency expense. So, one financial storm, like a divorce or job loss, is enough to sink most families under the waves.
At Miranda, Madgen & Miranda, our Watsonville bankruptcy attorneys offer practical debt relief solutions in situations like these. Bankruptcy’s Automatic Stay prevents adverse creditor action, such as repossession and foreclosure. Additionally, bankruptcy protects most or all of a family’s assets from these creditors. But we do more than just file paperwork. We also offer solid legal advice to help you get back on your feet.
Many families struggle with unsecured debt, such as credit cards, payday loans, and medical bills. Most moneylenders are impatient with regard to unpaid accounts. Since the Supreme Court has stripped away some important consumer protections in the Fair Debt Collection Practices Act, these creditors are now more assertive and relentless than ever before.
Chapter 7 eliminates most unsecured debts, like the ones listed above. In many cases, Chapter 7 erases government-backed unsecured debt, as well, like student loans and past-due income taxes. The aforementioned Automatic Stay applies whether or not the debt is dischargeable. That includes things like wage garnishment for alimony payments.
Most people qualify for Chapter 7 debt relief. Generally, their income must be lower than the average California income for households of that size. As of May 2019, that level was $97,000 for a family of four.
Other families fall behind on secured debt payments, such as mortgage installments and auto loan payments. Chapter 13 bankruptcy gives families up to five years to catch up on these obligations. And, since the Automatic Stay usually stays in effect the whole time, creditors cannot take adverse action or even challenge the repayment plan, in most cases.
That repayment plan primarily consists of a monthly debt consolidation payment. Working together with a Watsonville bankruptcy attorney and the bankruptcy trustee (person who oversees the case for the judge), the debtor makes one monthly payment based on the amount of the family’s disposable income. Then, the trustee distributes that money among secured and unsecured creditors.
At the end of the repayment period, the debtor has a zero past due balance on all secured accounts. And, if any unsecured debt remains, the judge discharges it. These two things combine to give the family a fresh financial start, which is what the Bankruptcy Code guarantees.
Bankruptcy offers immediate and long-term debt relief for financially stressed families. For a confidential consultation with an experienced Watsonville bankruptcy attorney, contact Miranda, Magden & Miranda LLP. We routinely handle matters in Santa Cruz County and nearby jurisdictions.
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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