Bankruptcy

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

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.

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!