Where do you start? What option should you choose? Where do you find help? A Santa Cruz Bankruptcy attorney can help. With years of experience, a Santa Cruz Bankruptcy lawyer can answer your questions and help you choose what is right for you. They can guide you through all the legal matters and give you the information you need. They can put an end to the continuous calls from debt collectors.
With five different chapters of bankruptcy to choose from, you can find a way to end your debt. Just because you are filing bankruptcy does not mean you lose everything you own. There are also Chapters 9, 11, 12, and 13. These are plans that deal with debtor rehabilitation which involves court-approved plans and payment schedules.
Known as “straight bankruptcy”, Chapter 7 is what most people think of in terms of filing for bankruptcy. It is simply a liquidation of all assets. The money is then used to pay off debtors of all outstanding debts. A Santa Cruz attorney who specializes in bankruptcy has other solutions that might fit your case as well.
A chapter 9 is a federal process for resolving municipal debts. This includes cities, villages, towns, school districts and counties. Chapter 11 is similar to Chapter 9 except that it is for commercial businesses. The business is allowed to keep running while repaying its debts to its creditors.
Chapter 12 gives much needed relief to family farmers. Your Santa Cruz attorney can submit a debt relief plan that is stretched out over three years. If this is not long enough, the court can approve an extension up to five years.
To both consumers and individuals, Chapter 13 can give much needed debt relief. Most widely used, Chapter 13 allows you to keep valuable assets, like your home and car, while still paying off your debts. This plan of action will be considered at a confirmation hearing and will be either approved or disapproved.
If you are facing foreclosure, repossession, liens, or lawsuits, a Santa Cruz Bankruptcy lawyer can help. They can guide you through the process and decide which path is best. An experienced Santa Cruz Bankruptcy attorney can give you the information you need to clean up your debt. They know what unpaid bills can be eliminated, what you can keep, and any other details about the bankruptcy. A Santa Cruz Bankruptcy lawyer is there for you.
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