Santa Clarita Bankruptcy Attorney
Are you struggling from the burden of overwhelming debt?
Individuals all over the nation are struggling with debt loads that are quickly becoming too difficult for them to manage. There are many options available for people in this situation, such as debt settlement, debt negotiation, or home loan modification. For some, however, the financial burden is too great, and their situation is not easily fixed by traditional debt relief methods. In these cases, bankruptcy can be the solution that provides them with the opportunity to erase their debts, and start over from a financial standpoint. The end result of the bankruptcy process is one who has discharged many, or all, of their debts, and is now free to newly rebuild their credit, allowing them to work towards a healthy financial future.
If you believe that bankruptcy may be the solution to your financial trouble, it is recommended you contact a Valencia bankruptcy lawyer as soon as possible. With their assistance, you will be able to determine the course of action that is optimized towards helping you achieve your goal of a debt-free life. Our firm can help you with any of the following:
Chapter 7 Bankruptcy
When a person faces an overwhelming amount of debt, yet makes less than the median income in their state (California), then they may be able to file for Chapter 7 bankruptcy with help from an attorney. According to the law, this chapter in the bankruptcy allows a person to quickly liquidize a large portion of their debt. Click here to read more about Chapter 7 bankruptcy.
Chapter 13 Bankruptcy
Under Chapter 13 bankruptcy law, a debtor who makes more than the median income in the state of California may file a petition for this chapter of bankruptcy. This allows a debtor to negotiate with their creditors to structure their debt into affordable monthly payments. Click here to read more about Chapter 13 bankruptcy.
To have a lien or a hold on your property lifted, the first step to take is to hire a bankruptcy attorney who is competent and capable of protecting your rights. Liens are placed on properties as collateral to ensure that a debt is paid; however when a person files bankruptcy they may have that lien stripped. Click here to read more about lien stripping.
Did you know that filing for Chapter 13 bankruptcy can actually save your home from foreclosure? Defending against foreclosure can be extremely difficult, especially if you are attempting to go through the process alone. Call an attorney today to understand your rights and the options that you have. Click here to read more about foreclosure.
Getting a modification for your home loan, auto loan or another type of loan can be extremely beneficial, especially if you are currently struggling financially and may be close to bankruptcy. A loan modification is one alternative to foreclosure. Click here to read more about loan modification.
If you are looking to settle your debt instead of filing for bankruptcy, debt settlement may be an option for you. With help from an attorney, you may be able to negotiate with your creditors to pay them a lump sum smaller than the amount that you owe, and your debt will be marked as "satisfied" afterwards. Click here to read more about debt settlement.
Business Debt Settlement
If you own a small business and are struggling financially to keep up with the debts that you owe to different creditors, debt settlement for your business may be the best option. It is a technique used by many business owners in the area to avoid having to close your business. Click here to read more about business debt settlement.
Relief from debt can be one of the most liberating feelings that a debtor can experience. Knowing that you conquered your debt will bring about joyous feelings and allow you to rest comfortably knowing that abusive debt collectors will no longer be calling you every day. Click here to read more about debt relief.
IRS Tax Resolution
If you owe money to the IRS, do not keep it a secret; the IRS will eventually find out and you will most likely face serious criminal consequences for failing to take care of your tax debts, including the possibility of prison. Call us today if you have unresolved tax issues with the IRS. Click here to read more about IRS tax resolution.
Are you being harassed by creditors and collectors attempting to recover your debts? You have rights under the Fair Debt Collection Practices Act, and you may be able to hold an abusive creditor responsible for their actions by having them pay for your bankruptcy petition. Click here to read more about creditor harassment.
Wage garnishment is an action that creditors will take in an effort to collect some of the debt that you owe them. A creditor will take a certain percentage of your paycheck and automatically put it towards the debt that you owe when engaging in this action. Click here to continue learning more about wage garnishment.
Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act, or FDCPA, is a law that is in place to protect the consumers and debtors in our community. Under this act, creditors and debt collectors are forbidden from engaging in any type of activity that could be considered abusive towards a debtor. Click here to read more about the Fair Debt Collection Practices Act.
Benefits of Bankruptcy
There are many benefits of bankruptcy, including relieving yourself of the large debt that you once had. While bankruptcy is not for everybody, a person should file for bankruptcy when the advantages outweigh the disadvantages. Click here to continue reading more about the benefits of bankruptcy.
One common misconception about bankruptcy is that many people believe that they will lose all of their possessions when they file for bankruptcy – this is untrue. Many of your possessions will be exempt from Chapter 7 bankruptcy, and it is unlikely that you will lose your possessions if you file Chapter 13 bankruptcy. Click here to read more about exemptions of bankruptcy.
The Bankruptcy Process
Without an attorney, the bankruptcy process is a complex legal procedure that is dismissed if a single mistake is made. When you believe that bankruptcy is the right solution for your debt, talk to an attorney to learn more about the process of bankruptcy. Click here to read more about the bankruptcy process.
After a bankruptcy filing is complete and successful, you will need to begin working to restore your credit. Bankruptcy may or may not affect your credit, but if it does you will need an attorney to advise you on proper spending techniques to ensure financial success. Click here to read more about credit restoration.
Is Bankruptcy Right for Me?
How will you know if bankruptcy is the right option for you? Is a loan modification the better choice for your financial situation? At your free consultation with a bankruptcy attorney, you can find out the best option for your particular financial situation. Click here to find out if bankruptcy is right for you.
Life After Bankruptcy
Post-bankruptcy will be an important time in your life; you will need to focus on rebuilding credit and managing your finances. You will get to enjoy the luxury of a debt-free life, but you will also need to keep a close eye on all of your finances to ensure success. Click here to read more about life after bankruptcy.
Bankruptcy Lawyer in Valencia
At Ray Bulaon Law Offices, our mission is to provide effective help to individuals who are facing significant financial strain. We are able to assist clients in a variety of bankruptcy cases, including Chapter 7 and Chapter 13, as well as provide loan modification services for those in danger of losing their homes. Since our establishment in 2001, we have successfully helped thousands of people throughout Valencia, and we are available to help you as well. Contact us right away for a consultation regarding your financial circumstances, and we will work with you to arrive at a solution that may result in the erasure of your debt for good.
If you are considering bankruptcy, or have decided to file, contact a Valencia bankruptcy attorney
who is able to provide you with legal guidance through each stage of the process.