If your debt has become unmanageable, it is probably taking a toll on all aspects of your life. No one should live in fear of harassing calls and threatening letters from creditors, wage garnishment or home foreclosure. At some point, you need to find financial relief in order to live your life again. With help from an experienced Irvine, Santa Ana or Newport Beach bankruptcy attorney, you can get the debt relief and protection you need; call 949-242-0656 or e-mail us for immediate help.
Santa Ana, Newport Beach and Irvine Bankruptcy Attorneys
At Boyd Contreras, APC, our Santa Ana, Newport Beach and Irvine bankruptcy lawyers understand deciding to file bankruptcy should only be done after careful evaluation of your options. When you visit our office, our bankruptcy attorneys will review your financial situation.
If bankruptcy is not right for you, we will tell you. It may be possible that negotiating with your creditors will yield better results. If bankruptcy will help, though, our bankruptcy attorneys will guide you through the process of filing either Chapter 7 or Chapter 13 bankruptcy on your behalf and serving as your legal advocates throughout your case.
How Bankruptcy Can Help You
When you file for bankruptcy in California, you are immediately granted an automatic stay. This puts an end to:
- Creditor harassment
- Foreclosure and garnishment proceedings
- Vehicle repossession
The automatic stay allows you to focus on rebuilding your financial footing in relative peace.
Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy
- Chapter 7 bankruptcy, or liquidation bankruptcy, is a way to get a fresh financial start. With this plan, you will be able to keep most of your personal belongings, while your unsecured debt is discharged. As long as you are current on the payments, you should be able to keep your home and vehicles if that is what you wish to do.
- Chapter 13 bankruptcy is a debt reorganization plan. With this bankruptcy plan, all your unsecured debts are combined into one monthly payment that you make over three to five years. After that time, your remaining consumer debts are eliminated. You may even be able to roll past due mortgage and vehicle payments into the repayment amount, freeing up much-needed funds to make future payments.
Bankruptcy and Your Credit Score
Bankruptcy will affect your credit score, but if you are already having trouble making payments, your credit score has most likely already taken a hit. Fortunately, as soon as one year after filing bankruptcy, you may be able to obtain credit, at which time you can begin working to build your score. Often times, people end up with better credit after a bankruptcy filing than they had before.
Contact Our Orange County Bankruptcy Attorneys
To learn more about bankruptcy in Orange County, contact our Santa Ana, Newport Beach and Irvine bankruptcy lawyers by e-mailing us online or call our office at 949-242-0656 to schedule a free confidential consultation. Hay abogado que habla español. We serve clients in Irvine, Santa Ana, Laguna Beach, Newport Beach, Huntington Beach, San Clemente, Dana Point, Costa Mesa and all other cities in Southern California.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.