Chapter 7 and Bankruptcy Lawyers
Your bankruptcy lawyer can explain to you that you may be able to work out a repayment plan with your creditors that will work for you if you file a Chapter 13 case. In a Chapter 7, you will not file a plan of repayment. With Chapter 7, the bankruptcy trustee will gather and sell all of your nonexempt assets and use the proceeds of the sale to pay your creditors. Bankruptcy law is very convoluted and difficult to understand, but a Bankruptcy Lawyer will help you navigate through the complexities of filing for a Chapter 7 or Chapter 13 Bankruptcy.
The purpose of bankruptcy is to give honest debtors an opportunity to start over. Your Bankruptcy lawyer can explain to you exactly how to qualify for a Chapter 7 and whether you should seek other alternatives such as the one mentioned above or whether you should consider filing under Chapter 13. For example, your Bankruptcy lawyer can help you understand exactly which debts can be discharged and which cannot.
You may contact our offices in San Francisco, Sacramento, and San Jose at info@california-bankruptcyattorney.com or via phone at 888-589-1977 for a free consultation.
