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?

  • Credit Card

  • Accounts in Collection

  • Medical Debt

  • Personal Loans

  • Past Due Utility Bills

  • Business Debt

  • Deficiencies Due to repossession or foreclosure

  • Civil Judgments (with certain exceptions)

  • Past Due Lease Payments

  • Lease Agreements

  • Certain taxes

  • 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?

  • Federal Tax Liens

  • Child support or maintenance

  • Debts to former spouse or children arising out of divorce proceedings

  • Debt ordered as payment for personal injury

  • Vehicular claims resulting from DWI collisions

  • Judgements in cases involving fraud, larceny, embezzlement, or “willful and reckless acts”

  • Debts to HOAs

  • Attorney's fees in child custody or child support cases

  • Fine, penalties, or restitution ordered by a court

  • Certain new credit card debt incurred within 90 days before you filed for bankruptcy

  • 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.

Call today to schedule your consultation.

©2018 by Manuel Paredes Law Firm, PLLC |DISCLAIMER|

Attorney Advertising

The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. An attorney-client relationship may only be established through direct attorney‑to‑client communication that is confirmed by the execution of an engagement agreement.  The content of any unsolicited email sent to the Manuel Paredes Law Firm, PLLC, or to any of its attorneys, will not create an attorney‑client relationship and the contents of such unsolicited email shall not be considered confidential.  Do not use this website or the email addresses available on this website to provide confidential information about yourself or a legal matter to the Manuel Paredes Law Firm, PLLC or any of its attorneys.