Get Back On Track With An Experienced Bankruptcy Attorney
There are many ways a person can find themselves buried in debt. No matter how you got there, it can feel like there is no escape from the debt. Here at Goodrich & Cheung, LLP, our lawyers want you to know that you have options, and we can help you explore what is best for you to find debt relief.
The idea of filing for bankruptcy can be overwhelming. Many people feel like there is no way out, but this could not be further from the truth. Bankruptcy is a safe, legal method for people to find a new beginning to their life, allowing them to move forward and leave their debt behind them.
What Type Of Bankruptcy Would Fit Your Needs
Since most people have never experienced the bankruptcy process before, our firm wants you to know that there are several types of bankruptcy available. The two most common types for typical cases would be Chapter 7 or Chapter 13 bankruptcy. There is a lot to know about these two types, but here are the basics:
- Chapter 7: This chapter of bankruptcy is for the purpose of eliminating most, if not all, of your debt. If you are able to file for a Chapter 7 bankruptcy, some of your assets may be liquidated to pay down your debt. There are actions we can help you take to protect some of the more essential assets to protect your quality of life.
- Chapter 13: This chapter of bankruptcy does not remove all of your debt but allows you to combine your debt and make a single monthly payment. While you may still keep some of your debt, you also get to keep your possessions and other assets. People often use Chapter 13 to protect their home from foreclosure.
Whichever option you choose, an automatic stay frees you from creditors who might have previously been harassing you to collect payments. From the moment your bankruptcy is official, it is illegal for any creditors to proceed with their pursuit. If you continue to receive harassment from creditors, we can help you take action to stop them.
Everyone Deserves A Second Chance; Get Yours Today
If you feel as though you are drowning in debt, take the first step to a brighter future. We know how to help you protect your best interests with our years of experience. Contact us at our San Diego office by calling 858-429-9958, or our El Centro office at 858-429-9958 to schedule an initial consultation with an experienced California attorney today.