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Bankruptcy

The word “bankruptcy” tends to scare people, but bankruptcy is a great legal and financial solution to overwhelming debt, and it has many benefits! However, it can be confusing and complicated to navigate. If you need a way to get a fresh financial start, the experienced bankruptcy attorneys at Equal Justice Law Group will work to explain and simplify the process so you can find peace of mind. Call today to book a free consultation.

Equal Justice Law Group Will Work With You To File For Bankruptcy Without Mistakes & Get The Clean Slate You Need To Succeed.

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There are many myths about bankruptcy. You may think, based on things you’ve heard people say or things you’ve seen online, that it’s an action that will seal your financial doom; that it’s an indicator of your financial irresponsibility and a sure sign that you have failed; that it will ruin your credit forever and that you will forfeit everything you’ve worked for. However, none of that is actually true.

Bankruptcy is simply a legal way of eliminating debt so that you can get back on your feet. Americans are living through unprecedented economic times, and even the most hardworking person can – because of unexpected illness, job loss, or other unfortunate circumstances – find themselves drowning in debt. Filing for bankruptcy allows you to stop creditors and start rebuilding your credit without necessarily having to lose all of your possessions.

Bankruptcy…

Immediately halts creditor harassment
Immediately halts any collection actions (such as foreclosure, wage garnishments, repossession, etc.)
Can immediately begin improving your credit score (by lowering your debt-to-income ratio as debt is discharged)
Puts an end to growing debt
Protects exempt property from being sold
Gives you more time to pay off debt (in certain cases)

Because bankruptcy has a lot to do with understanding legal procedures, filing paperwork, negotiating with creditors, and communicating with the court, your ability to secure favorable terms depends on the level of legal representation you have on your side. Equal Justice Law Group can lead you every step of the way, and our extensive knowledge of bankruptcy law can give you an advantage. Our Sacramento bankruptcy attorneys will take the time to get an accurate analysis of your financial situation so we can advocate for the ideal resolution that will lay a strong foundation for your future success!

Rely On Our Sacramento Bankruptcy Attorneys To Help You Choose The Best Way Forward.

There are actually three different types of bankruptcies; which one you should file for/will be eligible to file for depends on your unique affairs.

Chapter 13 bankruptcy

Chapter 13 bankruptcy, also known as a reorganization bankruptcy, is designed for people who have regular income and can pay back some of their debt; some debts can be settled with creditors for less or discharged entirely, and a payment plan will be set up by the courts for the rest (usually 3-5 years).

Chapter 7 bankruptcy

Chapter 7 bankruptcy, also known as a liquidation or straight bankruptcy, is designed for people who fall under a certain means threshold and who do not have the income or resources necessary to pay off their unsecured debts. Some possessions may need to be sold to pay off creditors (but not usually cars, retirement accounts, clothing, household goods, and other property that falls under state or federal exemptions). Debts that cannot be repaid will be eliminated entirely.

Chapter 11 bankruptcy

Chapter 11 bankruptcy is similar to Chapter 13 but is designed for businesses (though it is technically available to all); it allows companies to remain in operation while the debt is restructured and paid off.

Filing for bankruptcy is a complex process that requires a thorough knowledge of bankruptcy laws, both at the federal and state level. Any mistakes made along the way can cause you to be rejected or further muddle your financial situation; Equal Justice Law Firm can help you do it right the first time and assist with any appeals if necessary.

When Debt Is Piling Up, Exploring Your Bankruptcy Options Can’t Wait. Call Equal Justice Law Group Today To Book A Free, No-Obligation Consultation!

Staying in debt can negatively affect your credit, your happiness, your closest relationships, and your quality of life. The sooner you’re able to get out of debt and start rebuilding credit, the sooner you can move forward and achieve your financial goals, which is why you need to consult with a bankruptcy lawyer and learn if filing is the right option for you! Equal Justice Law Group won’t merely advise you on what steps to take; our Sacramento bankruptcy attorneys, led by David Foyil, will take the time to invite you into the process. During your consultation, you can meet our compassionate, friendly team members, ask questions (without judgement or shame), learn about your options (without confusing legal jargon), and get the right expectations. We have offices in Sacramento, Jackson, and El Dorado Hills for your convenience. Call our law firm to schedule your free initial consultation and get started.

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I have worked along side this attorney for the last ten years. He is very easy to talk to and is able to come up with a solution to your problem. He has been an attorney for more than 20 years and knows how to effectively communicate with his colleagues in the law world. He is well-liked in the court systems. His staff work well with him to accomplish the needs of all our clients cases. It is such a good feeling to hear our clients thank us for solving their legal problems. Choose our firm to help you solve your problems you won't be disappointed.

Janelle F.

Great customer service, they helped me a lot highly recommend.

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Equal Justice Law Group

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