Riverside, North County San Diego & San Diego Metro Bankruptcy Attorney

It is important to understand the necessary requirements for a bankruptcy filing. With the help of an experienced bankruptcy attorney from Legal Objective, the myths and mystery regarding this legal form of debt relief can be quickly and easily dispelled. Most people are concerned about their credit after bankruptcy. Let’s face it,  if you’re considering a filing, your credit score (fico score) is probably already in big trouble, or it soon will be. A discharge of your debts through bankruptcy will cause a positive shift in your income to debt ratio often resulting in a slight increase to your credit score.  You will need to establish new credit history and in doing so you will improve your credit standing quickly. By following our post bankruptcy filing advice you should be able to rebuild your credit within 24 months. The economy is terrible, there is no longer a social stigma associated with a bankruptcy filing. It is likely that many of your family members, friends and neighbors have already filed for bankruptcy, and are now happily living their lives debt free.

If you are considering filing for bankruptcy you are probably already bankrupt, but just have not yet filed. Once our clients see how painless a bankruptcy filing can be, the majority wish they would have filed sooner. The sooner you file, the sooner you can move on from the stress and anxiety debt causes. Do not live in denial, take controll of you financial future and get the fresh start that you deserve. The legal team at Legal Objective understands the stress and emotional despair that credit problems cause. We will be sure to make your case a priority and you will never be “just another number” at this law firm.

Chapter 7

Chapter 7 bankruptcy is for individuals who have limited income. To be eligible for a Chapter 7 bankruptcy your income must be under the median income (set by a government standard) or you must pass an analysis known as the “means test.” There are certain types of debt that be potentialy non-dischargeable, such as recent taxes and child support. However, most types of debt can be discharged in a Chapter 7 filing. A discharge renders all dischargeable debts no longer collectable. How this will work for you is determined on an individual basis, and a bankruptcy lawyer from Legal Objective is prepared to review your situation free of charge and advise you of your options.

Chapter 13

When not eligible for Chapter 7 bankruptcy, or srtaegicaly choosing not to file one, a Chapter 13 filing may be a good option. A Chapter 13 bankruptcy is for individuals with a steady income, whether through employment or as a self-employed business owner.  A well thought out Chapter 13 bankruptcy is a powerful debt relief tool, that will will substantialy reduced the amount owed to your unsecured creditors, eliminte underwater mortgages, reduce secured amounts owed on assets such as automobiles, reduce obnoxious interest rates, provide a way to catch up in past due mortgage payments and establish a means to pay off overdue income tax obligations without interest.   Rest assured there will also be an end to the harassing creditor calls.

If you are unable to pay your debts and are seeking a legal solution for your problems, contact a Bankruptcy Attorney from Legal Objective immediately.