Bankruptcy Lawyer  | Filing Bankruptcy Right for Me? Pt. 2

Bankruptcy Lawyer  | How can the U.S. Bankruptcy Law protect me?

The Bankruptcy Code is a set of federal laws with very broad powers that entitle you, and others with severe financial problems, to obtain relief from debt and rebuild your credit and your life. For individuals, the options are either Chapter 7 or Chapter 13. In a Chapter 7 case, most of your unsecured debts are discharged and assets beyond allowable exemptions are liquidated to pay some or all of your debt. Usually most of your assets are exempt-meaning they cannot be liquidated.

Exempt property usually includes:

● Primary residence

● Vehicles

● Certain items of personal property

● Tools and work equipment

● Numerous other categories of property

After your case is completed and all dischargeable debts are forgiven, the bankruptcy case is closed. You can make a new start with a commitment to avoid getting in this situation again.

In a Chapter 13 case, you can reorganize your debts and repay them in an affordable payment plan that lasts 36 to 60 months. Your creditors cannot take any action against you while you repay your debts. I am an experienced bankruptcy attorney that offers the know how to help you navigate the sometimes tricky waters of bankruptcy, eliminate the majority of your debts and help you keep as much of your property as possible. I can also help you emerge from bankruptcy with a plan for a healthier financial lifestyle.

What Can Bankruptcy Do for You?

● Stop foreclosures, evictions, repossessions, utility shutoffs, and other creditor actions.

● Discharge most debts.

● Protect against wage garnishment and enforcement of judgment liens.

● Add flexibility in dealing with secured creditors.

● Stop utility terminations.

● Enable you to keep some or all of your property.

● Discharge some student loans.

● Discharge some tax bills. -Bakersfield Law


Our office can assist you in determining whether bankruptcy is the right choice for you, and which chapter under the Bankruptcy Code would provide you with the most relief.  To schedule a free consultation with a knowledgeable Bakersfield bankruptcy lawyer about filing a Chapter 7 bankruptcy in Kern County, please call our office today at 661-888-4335 .