What Bankruptcy Can and Can't Do
Are you overwhelmed by debt?
Bankruptcy can give much needed relief to many individuals and families that are
suffering the burden of overwhelming debt, but it is important to know
what it can and can't do for you as well as how it will affect your
future so that you can make the most educated decision about how to proceed.
Unfortunately, there are many people in our country who have lost their
jobs, taken a hit on the value of their home from the real estate slump
and many other common issues that can put them in a less than favorable
situation where debt is concerned. We have solutions for these important
issues, and should discuss them with you as soon as possible - before
you pass the point of no return and lose assets or face legal problems.
If you or someone you know is experiencing
creditor harassment, possible foreclosure,
repossession, lawsuits or a simple inability to keep up with your monthly payments,
your interests would be best served by speaking with a highly qualified
Chico bankruptcy attorney about your situation. A skilled legal advocate
can provide you with the information you need about
Chapter 13 and the various
alternatives to bankruptcy that exist so that you can choose the right path and be efficiently guided
through the steps that will need to be completed.
Butte County Bankruptcy Lawyer
There are many benefits to filing bankruptcy, as when the process is complete,
you will have a fresh starting point for your financial health. Here are
some of the pros and cons to filing bankruptcy:
What it can help you with:
- Eliminate credit card and other unsecured debts
- Stop creditors from harassing you as well as the threat of losing your
car, home or a portion of your wages
- Stop lawsuits from being filed against you
What it can't help you with:
- Eliminate certain kinds of liens
- Free you from your obligation to pay child or spousal support
- Eliminate student loans (in certain limited circumstances, it may be admissible
as a party of the bankruptcy, but very few people qualify for this)
- Wipe out tax debt - most tax debts do not qualify for inclusion in bankruptcy
The Law Office of Nikki Farris, our extensively experienced legal team has been representing clients
for several years in bankruptcy and
debt relief. We are a family team that is extremely dedicated to providing effective
solutions to individuals and spouses to help them gain control of their
finances and make a brighter future for themselves and their families.
Our lawyers have assisted countless clients in meeting their goals and
we are standing by to get you moving in the right direction.
Contact a Butte County bankruptcy lawyer
at our firm now to find out how bankruptcy can help you.