Personal Bankruptcy

Individuals can get overwhelmed and consumed by today’s economic climate. When you find yourself unable to take care of your debts, filing for bankruptcy may be the best option for you.

Bankruptcy is a legal process wherein the filer legally declares the inability to pay back debts to creditors. There are six different types of bankruptcy recognized in the US bankruptcy code. Certain types or “chapters” of bankruptcy may allow an individual to keep some of their assets while making payments on a scheduled plan, while other forms of bankruptcy involve the handing over of all assets.

Our Anaheim Bankruptcy Lawyer Has Extensive Knowledge

Here at the office of the Anaheim bankruptcy attorney, our legal team is knowledgeable and experienced in the area of bankruptcy law, and can assist any client file for any of the six available options such as a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, or a Chapter 13 bankruptcy.

Though there are six chapters of bankruptcy, a Chapter 7 filing is the most common form of bankruptcy for individuals.

A Chapter 7 Trustee will be appointed by the court to review your finances and determine how your debts can be paid. If you own property or a business, this may mean selling off your assets to do pay back creditors. You will be allowed to keep certain exempt property. Your bankruptcy will appear on your credit report for ten years after the date filing.

Appointing a bankruptcy attorney is the best route to achieving a fair bankruptcy deal for your situation. No matter what type of bankruptcy you may file for, you need an experienced attorney that you can trust to help navigate you through the complicated finance laws that govern our country. Contact our firm today to discuss your case with the Anaheim bankruptcy attorney.