Filing Bankruptcy in California

California Bankruptcy Attorney

Bankruptcy is often misunderstood and is sometimes a needlessly complex subject.  Essentially it is a court based system that allows an individual or a corporation to get relief from the burden of their debts.   Its purpose is to free you from debt you can no longer repay and give you a new financial beginning.   There are specific rules and guidelines that must be followed in order to achieve your goals in filing for bankruptcy .  At Price Law Group, we consider it a vital part of our job to make certain that you understand what bankruptcy is, how the process works and what you can achieve in a bankruptcy filing.

There are three main types of bankruptcy, Chapter 7 , Chapter 11 and Chapter 13 .  There are advantages and disadvantages to each of these and what type is filed depends greatly on your individual situation.   An experienced California bankruptcy lawyer may help you to understand what each type of bankruptcy can do for you and your financial future.  Over the years, we have assisted over 100,000 families to become debt free.   No matter what financial trouble you are currently in, the point of view that we always take is that there is a way out.   Get help in any of the following areas from our trusted attorneys:    loan modifications , short sales , foreclosure defense , creditor abuse , tax resolution , alternatives to bankruptcy , bankruptcy exemptions , debt negotiation , discharging your debt , debt settlement , debt relief , debt litigation , debt consolidation , collections defense , debt counseling , repossessions , wage garnishment , and credit restoration .

What type of bankruptcy is correct for you?

A Chapter 7 bankruptcy is one of the most common types of bankruptcy filings.  It is used by persons that do not have extremely high income.   Chapter 13 bankruptcy is commonly used by those with a higher income, assets or people who need to reorganize on something like mortgage arrears to avoid a foreclosure.   

Corporations or businesses usually use Chapter 11 bankruptcy.  Using Chapter 11, an individual can reorganize their business, restructure the business finances and still have control of the operation.   In all types of bankruptcy filings, our purpose remains the same - to assist you to become debt free with a new financial start .  Our experience and success makes us able to work with the court system towards achieving your bankruptcy filing goals.

Contact a knowledgeable California Bankruptcy Attorney when you are experiencing financial troubles and would like competent legal assistance.