Santa Cruz Bankruptcy Advocate at Your Assistance
Are you in over your head in credit card debt? Is your phone always ringing from creditors? Are you unsure of where to turn? A Santa Cruz Bankruptcy lawyer may have the answers you need. A Santa Cruz Bankruptcy attorney can give you the help you need with any bankruptcy matter. The attorney will guide you through the process and explain the laws and functions of the case. They can give you relief from pressing debt.
With five different chapters of bankruptcy to choose from, you can find a way to end your debt. Just because you are filing bankruptcy does not mean you lose everything you own. There are also Chapters 9, 11, 12, and 13. These are plans that deal with debtor rehabilitation which involves court-approved plans and payment schedules.
A Chapter 7, also known as straight bankruptcy, is one in which many are familiar. It deals with the liquidation of your assets in order to pay outstanding debts. Your bankruptcy attorney from Santa Cruz will help you turn over non-exempt assets, turning them into cash to pay your creditors.
Chapter 9 is a process used for resolving municipal debts. More of a federal process, it covers towns, cities, villages, school districts, and such. Chapter 11 is like Chapter 9, except it is used for commercial businesses. This chapter allows businesses to keep running while paying off their debts.
A Chapter 12 gives debt relief to family farmers. The bankruptcy lawyer will submit a plan for you to repay your debt over three year’s time. The court can also approved an extension up to five years.
To both consumers and individuals, Chapter 13 can give much needed debt relief. Most widely used, Chapter 13 allows you to keep valuable assets, like your home and car, while still paying off your debts. This plan of action will be considered at a confirmation hearing and will be either approved or disapproved.
If you are facing foreclosure, repossession, liens, or lawsuits, a Santa Cruz Bankruptcy lawyer can help. They can guide you through the process and decide which chapter is best for you. An experienced Santa Cruz Bankruptcy attorney can give you the information you need to clean up your debt. They know what unpaid bills can be eliminated, what you can keep, and any other details about the bankruptcy. A Santa Cruz Bankruptcy lawyer is there for you.
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