California Bankruptcy Attorney
How Bankruptcy Affects Foreclosure Defense in CA
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If you are at risk of losing your home, it is important to recognize that there are many options that are available to you. Even keeping in mind the 2005 passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), it can be one of the most effective tools that you have available to you. In some cases, bankruptcy may be the first weapon that you use – in others, it may be the last line of defense. Regardless, it is important to know the role that it will play in the foreclosure defense process. At our firm, we are prepared to help explain just that.
Once you file a bankruptcy petition, the foreclosure sale will be automatically frozen. This can give you an immense amount of relief and some breathing room as you sort things out. Beyond that, bankruptcy can be an effective tool to help eliminate certain types of debts, as well as avoid liens and even reorganize your debts so that you are better able to pay them off in the long run. By filing, you are also protected to pursue any Truth in Lending violations, as well as face any other litigation.
The truth is that bankruptcy is designed as a “fresh start.” Its ultimate goal is to help you start the next chapter of your life and, in many cases, save your home. If you are interested in using this tool, it is extremely important that no time is wasted in contacting a knowledgeable California debt relief attorney At the Law Office of J. Arthur Roberts, we understand just how effective bankruptcy can be. We know the process and we are prepared to do everything possible to help.
Chapter 7 & Chapter 13 Bankruptcy
Chapter 7
This type of bankruptcy is called “straight bankruptcy” because it discharges nearly all debts. Certain debts do not qualify for bankruptcy such as student loans or child support payments, but Chapter 7 overall will take care of all personal liability regarding debts incurred. Some of the major benefits of this type of bankruptcy are automatic stay, discharge and liquidation exemptions.
Chapter 13
This type of bankruptcy is a viable option for those who do not qualify for Chapter 7. Rather than a complete wipe of all debts, this type of bankruptcy essentially restructures a person’s debts so that they are manageable and can be paid off. You must qualify based upon your amount of unsecured and secure debt, among other things.
How a California Debt Relief Lawyer Can Help
Our main attorney, Joseph Arthur “Joe” Roberts is known for his compassionate and effective help in all areas of bankruptcy and foreclosure defense. We are located in Newport Beach, CA, but gladly serve clients throughout the Golden State – including Orange County, Los Angeles, Ventura, Riverside and more. No matter whether you are looking to file bankruptcy or are pursuing another option, we encourage you to contact us as soon as possible. Undoubtedly, having an experienced attorney in your corner will give you the edge you need when pursuing bankruptcy.
We are deeply committed to our clients and will everything we can to help them reach a more stable financial future. So what are you waiting for? To contact a member of our firm and learn more about how we can help, simply pick up the phone and call us today at 866-979-9490. You can also fill out our online case evaluation form if you would be more interested in sending us a message directly.
