Expert bankruptcy lawyers San Diego available at the Bankruptcy Law Center have worked with numerous cases; each one different from the other. Regardless of the chapter, severity or uniqueness of the case, the Firm’s priority is to put the client in an easier and better financial position.
Chapter 7 Bankruptcy
Considered as the most common kind of bankruptcy, Chapter 7 Bankruptcy is filed in help eliminate all the debts accumulated by the client. Cases handled by bankruptcy lawyers in San Diego should be quick and easy to process from the client’s point of view. On the other hand, if you choose to file and process a Chapter 7 bankruptcy without prior experience, these cases can swiftly go off track and result to more complicated problems, delays or worse; the worst case involves lost property or no relief whatsoever from the debts. Attorneys at Bankruptcy Law Center have literally handled thousands of similar cases and they’re also well-versed with explaining the entire process.
Chapter 7 Bankruptcy is also called the ‘fresh start’ bankruptcy, ‘liquidation’ or ‘clean state’ bankruptcy. It’s the best way to start over or at least take control of the entire financial situation; Chapter 7 eliminates all debts. Specifically, the person who filed will have their pay day loans, credit card debts, judgments, personal loans, medical bills, guarantees, lawsuits, foreclosures and unpaid balances wiped away. Chapter 7 cases are typically finished within three to four months. The person who reviews all the paperwork during the ‘meeting of creditors’ are called the Bankruptcy Trustee. Those who have accumulated huge amounts of debts could file under Chapter 7 Bankruptcy, in order to eliminate every debt that they’re unable to pay. Once everything is settled, they can begin rebuilding credit and effectively return in the financial mainstream.