San Diego Chapter 7 Bankruptcy Lawyers
Wipe Out Your Debt & Get Back to Your Life
Chapter 7 bankruptcy can give you a fresh financial start. With the help of an attorney, it’s possible to have your debts resolved so you can get back to living life. By calling the Law Offices of Mark L. Miller in San Diego, you can better understand your options for using bankruptcy as a means to resolve the stress of debt.
Filing Chapter 7 bankruptcy will:
How Chapter 7 Bankruptcy Helps Hundreds of Thousands of People
After substantial life changes, outstanding debts can cause serious problems, making Chapter 7 a lifesaver. This kind of bankruptcy erases debt while protecting your belongings, offering you a fresh financial start.
Filing for Chapter 7 Bankruptcy may be worth considering if you are:
- Unable to pay more than minimum payments on credit card bills
- Being sued for past due debts
- Without a job to pay your bills
- Taking money from one credit card to pay on another
- Struggling with personal loan payments
- Facing huge taxes or child support payments
- Late on your house or car and risking the loss of the property
- In a divorce and must pay part or all of the debts
- Struggling with bad credit and wiping out debt will improve it
- Paying on credit cards but never getting ahead
- Paying a huge part of your income toward your credit card payments
- Liquidating retirement to pay bills
- Unable to pursue education because you can’t get ahead on your credit card payments
What Debts Can Chapter 7 Bankruptcy Clear?
Filing for Chapter 7 bankruptcy gives you a fresh start by eliminating debt while allowing you to keep most of your property. In fact, most clients keep all of their property and lose nothing but their debt! Because bankruptcy law is not meant to punish you, the law allows for property exemptions to keep your car, house, jewelry, clothing, and everything else. Unsecured debts like credit card balances, personal loans, money judgments, and certain taxes can be wiped out in Chapter 7.
What Debts Are Not Cleared?
Some debts are not wiped out in a bankruptcy case including certain taxes, most student loans, alimony, child and other court-ordered support payments, and criminal claims.
How Long Does Filing Chapter 7 Bankruptcy Take?
Bankruptcy cases typically last about four months, from the date the case is filed until discharge. During that period, clients will need to attend a 341a meeting of creditors and they will be accompanied by an experienced Chapter 7 bankruptcy attorney in San Diego from the Law Offices of Mark L. Miller. We have attended thousands of 341a meetings and are well versed in the entire process.
You Choose How to Manage Your Financial Obligations
The professionals at the Law Offices of Mark L. Miller help clients make the decisions, not their creditors. For secured debts such as mortgages or auto loans, clients can choose to pay off an asset at its current fair market value, return the asset to the creditor and wipe out the balance due, or keep the asset and continue paying it as they have been.
Bankruptcy offers a lot of options, but you need an experienced attorney to help you determine how to proceed. The team at the Law Offices of Mark L. Miller can help prepare you for what to expect, with pre-petition planning to help you take advantage of any special exemptions allowed by law.