Los Osos, California Bankruptcy Lawyers
California Bankruptcy Lawyer with 38 years experience
Santa Maria, CA 93454
San Luis Obispo, CA 93401
Santa Barbara, CA 93111
California Bankruptcy Lawyer
- (805) 963-9111
- Free Consultation
Paso Robles, CA 93446
Peninsula University, Peninsula University and University of the Pacific, McGeorge School of Law
Santa Clarita, CA 91351
Simi Valley, CA 93065
Lancaster, CA 93534
Pasadena, , CA 91101
Encino, CA 91436
Los Angeles, CA 90071
Santa Barbara, CA 93101
Ventura College of Law
Westlake Village, CA 91361
Ventura, CA 93003
Bankruptcy Lawyers in Nearby Cities
Bankruptcy Lawyers in Nearby Counties
Los Osos Bankruptcy Legal Aid & Pro Bono Services
San Luis Obispo Legal Alternatives Corporation
San Luis Obispo, CA
Bankruptcy law allows debtors, who are unable or partially unable to pay outstanding debts, to rid themselves of these debts and obtain a fresh start. Both federal and state laws can affect a debtor seeking to file for bankruptcy, and an attorney can help you understand how state and federal bankruptcy laws apply to you.
If you are struggling with high debt, receiving calls from creditors or collection agencies, or facing foreclosure, garnishment of wages, or repossession of property, filing for bankruptcy may provide you with solutions.
Bankruptcy lawyers offer legal advice and services during a financial crisis. In total, there are six different types of bankruptcy. For persons seeking debt relief, one option is Chapter 7 bankruptcy, which provides for liquidation of the debtor's non-exempt assets. Another popular option for individuals is Chapter 13, which allows for management and reduction of debt through payment plans. Corporations and partnerships filing for bankruptcy often choose to file under Chapter 11, which provides for supervised reorganization of the business.
Experienced bankruptcy counsel can help you evaluate whether you should pursue a bankruptcy as well as the Chapter under which to file. Bankruptcy lawyers can also help end harassing phone calls from debt collectors and evaluate available legal options when facing a home foreclosure.
Automatic stay: An injunction that automatically stops lawsuits, foreclosures, garnishments, and most collection activity against the debtor the moment a bankruptcy petition is filed.
Unsecured claim: A debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay, rather than on a special assurance of payment.
Researching Attorney Discipline