Oroville Bankruptcy Attorney
Skilled & Compassionate Bankruptcy Law Firm
Have you been adversely effected by the economic downturn? Have you suffered
a sudden job loss, an underwater mortgage, a divorce or a major medical
emergency? Contrary to popular belief, most people who file for
bankruptcy do so for reasons completely beyond their control. In recent years bankruptcy
has gone from being an obscure solution to a well-known
debt relief solution that is even backed by our very own federal government. The question is
do you qualify for bankruptcy? At
The Law Office of Nikki Farris, an Oroville bankruptcy lawyer from our firm can dispel any bankruptcy
myths you might have heard and we can answer the burning question, do
If your bills are piling up and if you have no way to keep up with them,
then it's a good time to examine your bankruptcy options. There is
no shame in filing for bankruptcy and for many debtors the hardest part
of the process is arriving at the decision to file in the first place.
There is no sense in beating yourself up about filing for bankruptcy and
we can tell you that your creditors will not take it personally if you
decide to file for bankruptcy protection.
The first step in the bankruptcy process is taking the bankruptcy "means"
test. The purpose of the
means test is to determine whether or not your income qualifies you for a
Chapter 7 (debt liquidation) bankruptcy or a
Chapter 13 bankruptcy. If your income falls within the guidelines for the state of
California, then you qualify for a Chapter 7. If you have a steady source
of regular monthly income at a decent rate, then you may have to file
a Chapter 13 (debt liquidation) bankruptcy instead, and this is not a
bad thing. While the Chapter 7 bankruptcy discharges unsecured debt such
as credit card debt, medical bills, personal loans and certain taxes,
the Chapter 13 bankruptcy arranges your debts into a payment you can comfortably
afford, and these debts are paid off over 3 to 5 years. In the end, many
people ultimately pay a fraction of their original debt, thus saving them
a fortune in the long run.
Alternative Debt Relief Options
There are clients who come to our firm seeking out other debt relief services,
services that don't include filing for bankruptcy. In addition to
bankruptcy, we also offer
collections defense, as well as
foreclosure defense. For those debtors that have been a victim of
creditor harassment, we can use debt litigation as a tool to get the creditor to abide by
the law and leave you alone. When creditors violate what is called the
Federal Debt Collection Practices Act (FDCPA), then debtors have legal
recourse to file a lawsuit against the creditor for any violations they
In addition to collections defense, we offer other services that are targeted
at controlling and minimizing the implications of out of control debt.
Considering the fact that some people don't want to file for bankruptcy,
we can assist them with
alternatives to bankruptcy such as
debt negotiation, and
debt consolidation. Because everyone's situation is unique, it's impossible to assume
there is a one size fits all answer to peoples' financial problems.
For this reason, we take extra special care to closely evaluate our client's
individual set of circumstances in order to determine the most reasonable
and cost-effective solution for that person.
If you are facing the threat of foreclosure, then we strongly advise that
you examine all of your options. These may include the possibility of a
deed in lieu of foreclosure, or a
loan modification or a
short sale. Another good foreclosure defense is filing a Chapter 13 bankruptcy, so
it's always a good idea to keep all of your options open.
Oroville Bankruptcy Lawyer
At The Law Office of Nikki Farris, we are a passionate law firm with several
years of experience under our belts. As a family-oriented firm, we care
deeply for our clients and their loved ones. Because the outcome of your
case is so important to the livelihood and survival of your family, we
are fully committed to finding the most powerful solution for you.
We are here to answer all of your questions about
what bankruptcy can and can't do, as well as how the state and federal
bankruptcy exemptions are designed to protect your valuable assets. Over our years of experience
we can honestly say that we are proud to have helped countless individuals,
couples and families find the debt relief they were searching for, and
this is a good feeling. Helping people and their families is what we do
best and we would be honored to explain to you how
credit restoration is a conceivable and realistic possibility after a bankruptcy discharge.
bankruptcy attorney from our firm to find out how we can help you find the answers you are