Manuel Paredes Law Firm, PLLC
Bankruptcy
Apply for protection under the federal laws of bankruptcy.
We assist consumers file under
Chapter 7 - Liquidation of debts
Chapter 13 - 3 to 5 year debt repayment plan
Is bankruptcy right for you?
Bankruptcy provides relief to individuals who can no longer make their monthly debt payments and are overwhelmed--or will soon be overwhelmed--by their debts. As a debtor behind on payments, you may be subject to numerous collection calls throughout the day, letters demanding payment, lawsuits, disconnection of utilities, eviction proceedings, foreclosure, and a great deal of stress. In most cases, filing for bankruptcy puts an end to all these things.
The law of bankruptcy is rooted in the idea that a debtor should not have to live under the burden of insurmountable debt.
Therefore, federal law provides for the opportunity for debtors to eliminate a great variety of debt and get a fresh start financially.
In exchange, the creditors that the debtor owes may receive a portion of the debtor's property, but never any property of the debtor's that is protected under state and federal laws as "exempt property". In many cases, there is no "non-exempt" property that creditors can collect.
Call us to schedule a consultation to see if filing for bankruptcy is the right option for you.
What type of debt can be discharged (eliminated) through bankruptcy?
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Credit Card
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Accounts in Collection
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Medical Debt
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Personal Loans
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Past Due Utility Bills
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Business Debt
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Deficiencies Due to repossession or foreclosure
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Civil Judgments (with certain exceptions)
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Past Due Lease Payments
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Lease Agreements
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Certain taxes
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Other debts not protected by law.
My home is in foreclosure. Can bankruptcy help?
The automatic stay provision of bankrutpcy immediately stops the sale of foreclosure of your property in most cases.
Call us to schedule a consultation to see if filing for bankruptcy is the right option for you.
What type of debt cannot be discharged (eliminated) in bankruptcy?
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Federal Tax Liens
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Child support or maintenance
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Debts to former spouse or children arising out of divorce proceedings
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Debt ordered as payment for personal injury
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Vehicular claims resulting from DWI collisions
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Judgements in cases involving fraud, larceny, embezzlement, or “willful and reckless acts”
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Debts to HOAs
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Attorney's fees in child custody or child support cases
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Fine, penalties, or restitution ordered by a court
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Certain new credit card debt incurred within 90 days before you filed for bankruptcy
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Certain other debts protected under the law
It is important to consult with a qualified attorney to make full use of the protections that federal and state law provide and navigate the laws that will come into play in your circumstances.