Filing for Chapter 7 Bankruptcy in Northern California
Roseville Bankruptcy Lawyer
If you are in debt over your head, watching the monthly credit card bills grow higher and higher while you are unable to make even minimum payments, it's time to look at all your options, including bankruptcy.
For some people, bankruptcy still carries a stigma, but it shouldn't. The option of bankruptcy was put into the U.S. Constitution to prevent lives from being ruined by debt. With the economic challenges we're facing in the U.S. and especially in California, bankruptcy is a much-needed solution to a financial crisis.
Learn about your options and whether you qualify for bankruptcy debt relief. Contact a bankruptcy attorney at the Law offices of Joshua A. Sutterfield.
Call the Law Offices of Joshua A. Sutterfield today: 916-221-4344
What Will Happen in Chapter 7 Bankruptcy?
Both Chapter 7 and Chapter 13 bankruptcy will stop wage garnishment, and temporarily stop foreclosure on a home and repossession of a car. The biggest difference between these two forms of foreclosure is that Chapter 7 will "discharge" unsecured debt. That means that some or all of your unsecured debt will be completely gone. Chapter 7 truly allows you to start over.
- What is Unsecured Debt? A couple of examples of unsecured debt are credit card debt and medical bills. These are debts that cannot be collected by repossessing property (like a car). Since credit card debt and high medical bills are among the most serious financial problems for many people, getting rid of that debt completely with Chapter 7 bankruptcy can make a big difference in their financial picture.
- What is Secured Debt? A home mortgage or car loan are secured debts. This means that your home or car could be repossessed by the lender. When you file for bankruptcy, any foreclosure or repossession is put on hold. Bankruptcy gives you time to look for options.
- Are There Debts that Won't be Discharged? Yes, tax debts, student loans, and child and spousal support debts will not be dismissed in either Chapter 7 or Chapter 13 bankruptcy. But there are other options for handling tax debt and we can talk about those.
- Can My Creditor's Take my Car? Some property is exempt from being taken by creditors. Your car may be exempt, depending upon its value. Other exempt property includes clothes, the tools of your trade and personal items.
Every bankruptcy case is different. Talk with me directly so I can explain how Chapter 7 bankruptcy will affect your family's financial situation. Your initial consultation is free so there is no reason to wait before getting the legal help you need. Contact my Roseville law office.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Law Offices of Joshua A. Sutterfield
Roseville Bankruptcy Lawyer
3017 Douglas Blvd, Suite 300 1024 Iron Point Road
Roseville, CA 95661 Folsom, CA 95630
Phone: 916-221-4344 Phone: 916-221-4344
Fax: 916-221-4388 Fax: 916-221-4388
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The Law Offices of Joshua A. Sutterfield provide bankruptcy relief services in Placer County, Sacramento County, and El Dorado County, California, and the communities of Roseville, Sacramento, Folsom, Citrus Heights, Orangevale, Carmichael, Loomis, Lincoln, Rocklin, Elk Grove, Granite Bay, and El Dorado Hills.