Achieving Debt Relief Through Chapter 7 Bankruptcy
Many times, despite their best attempt to avoid it, people find themselves in deep financial trouble. In these situations, it may be the best option to file personal bankruptcy.
At The Loftin Firm LLP, we help individuals struggling with finances to achieve their goal of debt relief and get a fresh start on life. Call our Carlsbad, California, office at 866.933.2340. You can also contact us online.
Chapter 7 bankruptcy liquidates assets to pay off and cancel unsecured debt such as credit card bills, medical bills and unsecured loans. Debt that cannot be cancelled includes taxes, court-ordered child support and/or alimony, student loans, and court judgments.
Truthfully, debtors may lose property in Chapter 7 bankruptcy. However, they still keep many of their possessions and sources of income. This includes pension and retirement funds, furniture, and under the right circumstances, their home and car.
We offer full-service legal representation during the bankruptcy process. We handle all aspects of the initial filing and represent clients in court hearings with the creditors. We advise on issues such as staying in the family home and rebuilding credit during life after bankruptcy is complete. Contact us to learn how we can help you.
Helping Determine if Chapter 7 Is Right for You
When you come to our law office, your bankruptcy lawyer may administer a means test. This test measures your monthly income in comparison to your monthly expenses. If you fall below the median income level in California, you most likely qualify for Chapter 7 bankruptcy filing. We will interpret your results and advise you on your next steps toward financial freedom.
Contact Us
For more information or to schedule an appointment with an experienced Chapter 7 bankruptcy attorney, please contact us. At The Loftin Firm LLP, we offer creative fee structures to fit the needs of our clients.
