Bankruptcy Lawyer Downtown San Diego


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Bankruptcy Attorney in San Diego California that helps you to take control of your finances at Also visit here: find us here: Services: Bankruptcy Attorney San Diego California Bankruptcy Lawyer San Diego California San Diego California Bankruptcy Attorney San Diego California Bankruptcy Lawyer Bankruptcy Attorney Downtown San Diego Bankruptcy Lawyer Downtown San Diego


Presentation Transcript

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INDEX 2 Bankruptcy Attorney San Diego California 03 Bankruptcy Lawyer San Diego California 04 Bankruptcy Lawyer Downtown San Diego 05 San Diego California Bankruptcy Attorney 06 Photo Gallery 07 Our Services 08 Bankruptcy Attorney Downtown San Diego 09 San Diego California Bankruptcy Lawyer 10

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3 Many people struggling with debt in the San Diego California area are now considering bankruptcy as a way to eliminate those debts and obtain relief. For those who are not legal experts or experienced in the practice of bankruptcy law the different options and path to relief can oftentimes feel overwhelming.

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4 The complexity involved starts with the lengthy and cumbersome laws dealing with bankruptcy. The U.S. Bankruptcy Code involves page after page of legal descriptions mandates and rules that apply to many different situations. While some of the code applies to all bankruptcies parts of the code only apply one or another chapter within the code.

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5 One of the different chapters within the U.S. Bankruptcy Code is 7. When someone files for protection under this section of the code it is often referred to as a Chapter 7 bankruptcy.

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6 In contrast to other chapters within the code Chapter 7 exists to help those who are suffering from too much debt and do not have the income capacity to restructure debts or work out a plan with creditors. San Diego Bankruptcy Attorney can stop creditors from harassing you and can even save your home.

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7 Bankruptcies filed under Chapter 7 have to meet several requirements before a federal bankruptcy judge will approve the petition. For example there are income requirements that a person must meet and if he or she does not then a different chapter of the code would likely be better.

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8 If you want free analysis of your legal case then bankruptcy lawyer San Diego will be your best option. In addition to income requirements Chapter 7 bankruptcies involve the risk of losing property. In contrast to a Chapter 11 or 13 filing Chapter 7 petitions often put up all of the d e b to r ’ s possessions for liquidation by the court.

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10 There are exceptions to what property will be sold as a result of the petition and those exceptions will vary by state. As a result California has its own rules for those filing for Chapter 7 bankruptcy.

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11 One of the key reasons why Chapter 7 petitions can be helpful is that it allows a debtor to list all of her debts and have most of them discharged.

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12 This allows a debtor who is in over his or her head to have a fresh start and try to reach financial independence going forward. But discharge can be complicated by the types of debt involved facts of the case and whether all of the rules pertaining to bankruptcy have been followed.

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13 Another purpose of a Chapter 7 petition is to treat creditors fairly and evenly. Because Chapter 7 petitions typically end in a discharge of all debts no one creditor is paid while another is left fighting for what is left over.

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14 In typical cases the estate containing the assets of the debtor is accumulated and liquidated and the remains are split between creditors through a court appointed trustee. Restore your financial independence with our experienced team of Bankruptcy Attorney San Diego. At the Bankruptcy Law Center we help those struggling with debt find relief through the laws found in the Bankruptcy code.

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15 If you are struggling with debts and facing the prospect of filing for bankruptcy consider contacting us. San Diego Bankruptcy Lawyer will help you understand what your options are and help you with a path forward.

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16 Bankruptcy is a term that most people lawyers and lay people alike understand. To the average person bankruptcy means a fresh start financially in which a pe r s o n ’ s debts are discharged and he or she starts over after relinquishing rights to much of his or her valuable properties. Once the conversation turns to different chapters of bankruptcy however the details become a bit less clear.

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17 Within the United Bankruptcy Code there are several different kinds of bankruptcy chapters each representing a different approach to clearing a person or bu s i n ess ’ s debts. The primary chapters for individuals filing bankruptcy are Chapters 7 and 13. Each of these chapters has different options and aspects that appeal to different types of debtors.

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18 When contemplating whether filing for bankruptcy is a good idea for you it is best to have a general sense of what each chapter under the Bankruptcy Code means. One of the most common types of bankruptcy is a Chapter 7 filing and it may or may not be the right type for you. If you want free analysis of your legal case then bankruptcy lawyer San Diego will be your best option.

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19 A typical Chapter 7 bankruptcy filing allows a debtor to declare his or her debts and discharge most of them. This allows a debtor to walk away from debts but it also means giving up some important assets. For those seeking bankruptcy protection who are also seeking to preserve their assets Chapter 13 may be a great option.

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20 Bankruptcy under Chapter 13 allows a debtor to restructure debt through a plan submitted to the court overseeing the bankruptcy petition. In a typical case a debtor will list income and debts and come up with a proposed plan for the court to approve or deny.

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21 Then payments are made over a three to five year period. After the payment plan is done the debts are gone. San Diego Bankruptcy Attorney can stop creditors from harassing you and can even save your home.

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23 The history of the Chapter 13 bankruptcy goes back to the late 1970s. Bankruptcy itself has been evolving in this country and England since the late 1400s and during the 1970s Congress saw that there was a need for the kind of bankruptcy that allowed both the debtor and creditor to win.

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24 The purpose behind a Chapter 13 bankruptcy is to ensure that a person can retain some of his or her most important assets while making good on paying back some debts. In addition the creditors win because they are allowed to collect on some of the debts they are owed which do not then represent a complete loss.

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