Santa Clara County Chapter 7 Bankruptcy Lawyer
Bankruptcy and Foreclosure Attorney Serving Santa Cruz, San Mateo, and the San Francisco Bay Area
Many Californians, of all ages, have regained control of their finances through the bankruptcy process. The stigma that once existed around bankruptcy filing has disappeared as more and more people learn the benefits of getting a fresh start.
If you are thinking about filing for bankruptcy, Gemma V. Reyes, Attorney at Law, provides clients with straightforward answers to their bankruptcy questions. Attorney Reyes is a San Jose Chapter 7 bankruptcy attorney with more than 20 years of experience representing clients in California. Contact our bankruptcy firm to set up an appointment.
Benefits of Chapter 7 Bankruptcy
The bankruptcy means test determines if you qualify to file for Chapter 7 bankruptcy. The test looks at your monthly income and compares it to median income in California. If your income is less than or equal to the median income, then you can file for Chapter 7 debt relief. Even if you do not pass this part of the means test, you may be able to file if you can pay off some of your creditors. If you are ineligible for Chapter 7, you may still be eligible for Chapter 13 bankruptcy.
Individuals, partnerships and corporations can file for Chapter 7 bankruptcy and there is no limit on the amount of debt that can be discharged. In Chapter 7, you may be able to discharge all of your loans and other eligible debts, such as:
- Medical debt
- Credit card debt
- Payday loans
- Judgments from lawsuits
- Other personal debts
It is important to note, however, that student loans, alimony, child support and taxes cannot be discharged in bankruptcy.
Having an experienced attorney to help you with your bankruptcy can make a significant difference in reducing your stress associated with the legal process and can provide you with the peace of mind in knowing the bankruptcy petition is completed accurately and timely. Once you begin a Chapter 7 bankruptcy, you cannot back out of the process without waiving your right to file in the future — so it is important to ensure it is filed at the right time. This can be extremely critical when you are facing both divorce and bankruptcy. Our bankruptcy law firm will help you determine if Chapter 7 is the right type of bankruptcy for you and if this is the right time to file.
Honesty is Essential in Bankruptcy
It is important to file your bankruptcy properly by listing all of your debts. Hiding debts will only harm you. Debts not listed in your bankruptcy will still exist and can have negative consequences on your road to financial freedom. Attorney Reyes can help you understand the consequences of hiding debts and help you file your bankruptcy the right way, the first time.
Contact a San Jose Bankruptcy and Debt Relief Attorney
For honest answers to your bankruptcy questions, contact Gemma V. Reyes, a San Jose Chapter 13 bankruptcy lawyer. She can help you get the debt relief you need.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.