San Diego Bankruptcy Lawyers
For individuals, families and businesses struggling with overwhelming debt, finding help may seem out of reach. You don’t have to struggle alone. The experienced San Diego family law attorneys at Boyd Law are can help you achieve your goals in becoming debt free. From effectively dealing with debt calls, to understanding all of your options and filing for bankruptcy, an experienced bankruptcy attorney can help. Some benefits of filing for bankruptcy are:
- Discharge of unsecured debts
- End of creditor harassment
- Fighting foreclosure
- Ending wage garnishment
- Opportunity to begin rebuilding credit
At Boyd Law, our San Diego bankruptcy attorneys can help you see the benefits that filing for bankruptcy can provide. Take the first step and learn about the bankruptcy process and how it can help you. Speaking with one of our family law and divorce lawyers serving San Diego will allow you to make an educated decision about your debt situation.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy also known as liquidation bankruptcy is a way to get a fresh start while keeping most of your personal belongings. In order to qualify, one must meet the thresholds of a means test. The test takes a look at your income and living expenses against the amount of debt you owe. Most people are able to keep their homes and vehicles in a Chapter 7 while having their unsecured debts discharged. Before filing for bankruptcy, one should sit down with one of our bankruptcy attorneys to determine if their property can be protected under a Chapter 7 bankruptcy.
Chapter 13 Bankruptcy
If you don’t meet the criteria of the means test for Chapter 7, filing for Chapter 13 may be the option for you. Chapter 13 is a debt reorganization plan. It requires the creation of a debt repayment plan for the creditors. An individual generally has three to five years to pay off their debts, with reduced payments. In return for making timely and monthly payments, the courts allow the person to keep his or her assets. An advantage is that some credit reporting agencies will remove all records of your Chapter 13 bankruptcy filings after 7 years as opposed to 10 years when filing for Chapter 7.
Chapter 11 Bankruptcy
Chapter 11 usually results in a reorganization of the business or personal assets and debts, but can also be used as a means of liquidation. We will work closely with you to determine your options and evaluate the objectives of your business. If you would like to continue operating the business, but need reorganization on your debts in order to achieve better financial success, Chapter 11 Bankruptcy may be best option for you. If you pursue a Chapter 11 filing, we will navigate you through the process, and file the necessary paperwork to complete the process.
Contact our San Diego Bankruptcy Attorneys at Boyd Law
The bankruptcy attorneys at Boyd Law understand the bankruptcy process and can advise you regarding your best options. We dedicate ourselves to understanding and achieving your goals. To learn more about your bankruptcy needs and to speak to an attorney, contact us online for a free, no-obligation consultation or call (619) 232-1206.
Pursuant to 11 U.S.C. section 528(a)(4) of the bankruptcy code, we are required to state: we are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.