Should you declare bankruptcy?

Are you in thousands of dollars of debt? Have you lost your job or has your income been impacted? If you have found yourself in debt that you cannot pay, 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.

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.

Whether you should or should not file for bankruptcy depends on a number of financial factors. The Anaheim bankruptcy attorney can review your finances with you to see if there are other options available to you; filing for bankruptcy should always be the last resort. Our office also offers other legal services such a credit counseling, credit repair, discharging student loans, and much more.

Whether are an individual, a business owner, or a just someone exploring your credit and debt options, the Anaheim bankruptcy attorney can help. Contact our office today for a free initial consultation.