Chapter 7...

Chapter 7
Chapter 7 is the section of the Bankruptcy Code that provides for debt liquidation.  It is the most common type of bankruptcy in the United States.  Under chapter 7 an individual may petition to discharge or wipe out all debts with no repayment to the creditors. One of the goals of chapter 7 bankruptcy is to allow individuals a fresh start by wiping out all dischargeable debts including medical...

Chapter 13...

Chapter 13
Chapter 13 of the Bankruptcy allows, individuals to keep their property such as their home or car, even if they have fallen behind on their payments. Under Chapter 13, an individuals loans are consolidated and make payments over a period of up to 5 years (60 months). Generally, under chapter 13 protection the individual will have no direct contact with the creditors. The amount of the monthly payment...

Life After Bankruptcy...

Life After Bankruptcy
An Orange County Bankruptcy law firm can educated you about bankruptcy so that you do misunderstand or have misconceptions about bankruptcy.  Arguable, the toughest part of filing for bankruptcy is overcoming the stigma or guilt that some people associate with it.  Bankruptcy is a new beginning  and is not the end of the world. Bankruptcy is a legal right to help you get debt relief. Bankruptcy...

Rebuilding Credit...

Rebuilding Credit
Making the decision to file bankruptcy can be difficult.  Even though you want to eliminate your debt, you might worry about damaging your credit.  You may think to yourself: Can I ever get a loan again? What if I want to buy a house or a car? What  do I do after the bankruptcy if finalized? Will anybody issue me a credit card? You can rebuild your credit after filing bankruptcy and a responsible...
Orange County Bankruptcy FAQ