What Can A California Bankruptcy Attorney Do For You?
If you live in California, chances are you have been affected by the housing bubble, toxic mortgages or the decline of 
median home prices. Some areas in California have seen a $600,000 median home price sink to levels just under $300,000. If you need to sell you home, you have lost your job or if you are unable to pay your home mortgage, you may be facing a personal financial crisis.
If you live in California and are considering filing bankruptcy, it is a good idea to contact a California Bankruptcy Attorney who can analyze your financial situation and determine if personal bankruptcy is your best option. Filing bankruptcy in California can:
- Help you keep your home and stop home foreclosure.
- Stop wage garnishments.
- Discharge your unsecured debt or help you pay your debt with a three to five year payment plan.
- Stop harassing creditor calls.
National bankruptcy laws have been changed and many California residents who may have been able to file Chapter 7 Bankruptcy before 2005, will not be able to now. A California Bankruptcy Lawyer can help perform the necessary means tests to determine what type of bankruptcy you will qualify to file.
If you do not qualify for Chapter 7 Bankruptcy, which is an immediate discharge of you unsecured debts, you may be able to file Chapter 13 Bankruptcy.
Under Chapter 13 Bankruptcy your debts will be paid to priority creditors based on your debt repayment plan. At the end of the debt repayment plan, if you have paid all the necessary payments, your debt will be discharged.
There are some debts under both Chapter 7 Bankruptcy and Chapter 13 Bankruptcy that will not be discharged. Speak to your California bankruptcy attorney about which debts will be eligible for discharge under California bankrupcy law.
Prior to filing bankruptcy in California, it is important to contact a California Bankruptcy Attorney who can discuss your bankruptcy options and any financial ramifications for filing personal bankruptcy.
See also:
Los Angeles Bankruptcy Lawyer
San Francisco Bankruptcy Attorney
Sacramento Bankruptcy Attorney
