San Francisco Bankruptcy Protection Attorney
There is a lot of confusion about bankruptcy. In the first place, it is not a sign of failure, but rather a wise choice that millions of Americans make each year when they find they cannot pay their debts. Second, the laws changed in 2005 making it more complicated to file, but you still will likely qualify to file. Finally, you will not necessarily lose your home, your car or other property.
Chapter 13
See our page on Chapter 13 bankruptcy filing, which allows you to keep your home or car if the payment plan you arrange can fund these payments. Filing also puts an immediate halt to foreclosure action and any debt collection activities. Chapter 7 discharges most or all unsecured debt, but you would lose property secured by those debts.
California Exemptions
Whether you file under Chapter 7 or Chapter 13, you can keep some or all of your property. If you do have equity in your home, you are allowed to keep some or all of it. Some equity in your car is also allowed. You can avoid property seizure of items for your job and your home and your choice of assets valuing a total of at least $23,000. You will also keep your right to receive benefits such as Social Security and unemployment compensation.
San Francisco Bankruptcy Protection Lawyer
For a free attorney consultation at The Epstein Group about asset protection, call 415-230-0781 or toll-free 888-336-4955 or complete the contact form on this website. There is no charge for your initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Member of National Association of Consumer Bankruptcy Attorneys
