Jackson, CA Bankruptcy Lawyers
Are you in over your head in debt and can’t seem to find a way out of it? No matter how your debt was acquired, it can be overwhelming to try and get back on your feet without help. You’re likely familiar with the negative misconceptions that surround bankruptcy, but it isn’t always a bad thing. Filing for bankruptcy can help discharge your debts and allow you a fresh financial start. Our Jackson bankruptcy lawyers can help you navigate the intricacies of bankruptcy, explain your legal options, and give you peace of mind. When you’re ready to regain financial freedom, call Equal Justice Law Group today for a free no-obligation consultation.
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What Is Bankruptcy?
Bankruptcy is a legal way of obtaining financial relief from the accrued debts owed to creditors for a variety of different things. Because of the state of America’s economy, an unexpected illness, job loss, or other untimely circumstance can result in debt that can be hard to bounce back from. Bankruptcy is a way to eliminate your growing debt and financially steady yourself once again. When you file, there’s also an immediate halt to harassment and collection actions from creditors. While there are several types of bankruptcy someone can file for, the three main categories include Chapter 7, Chapter 13, and Chapter 11.
- Chapter 7 Bankruptcy: Also known as “liquidation bankruptcy,” is for those who are typically unable to repay their debts, in which case some of their possessions may need to be sold in order to do so. This usually doesn’t include retirement accounts, household goods, or vehicles. Debts that cannot be repaid will be eliminated altogether.
- Chapter 13 Bankruptcy: Also known as “reorganization bankruptcy,” is for those who can pay back some of their debts, and are then able to develop a repayment plan for the remaining debt over a period of 3-5 years and no longer. While filing for either Chapter 7 and Chapter 13 will remain on your credit report for a few years, both can help you lower your debt-to-income ratio, which actually improves your credit score.
- Chapter 11 Bankruptcy: This is similar to Chapter 13, but is specifically designed for businesses, as it allows businesses to develop a plan to repay their debt while simultaneously continuing the operation of their business.
If your debt stems from personal loans, credit cards, mortgage payments or something similar, you’ll likely apply for Chapter 7 or Chapter 13. Both of these types of bankruptcy won’t ruin your credit score and can provide you with a new beginning.
Our Jackson Bankruptcy Lawyers Can Help You Through The Process
We know that bankruptcy often gets a bad rap, and the process might seem intimidating, but filing can offer you financial stability going forward. Due to the complicated nature of filing for Chapter 7, 13, or 11 bankruptcy, it’s easy to make mistakes that could cost you down the road. That’s why it’s crucial to work with an experienced bankruptcy attorney who can ease your mind while guiding you through the filing procedures.
Call Equal Justice Law Group Today!
Our seasoned Jackson bankruptcy lawyers can help you every step of the way to ensure your filing is both accurate and efficient. At Equal Justice Law Group, we strive to help you eliminate and move past your debts by filing for Chapter 7 or Chapter 13 bankruptcy. You deserve to start over with a clean slate. Allow our skilled team of attorneys to apply their knowledge of California’s bankruptcy laws to your case and help you reach the best possible outcome. Call now to schedule a free consultation.
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Jackson, CA Practice Areas
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.
Great customer service, they helped me a lot highly recommend.
Why Choose Us?
21 Years Practicing Law As A Firm
Over 7,000 Clients Represented
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