Filing for bankruptcy can seem like an overwhelming task. The good news is we are here to help. Medeiros & Associates Lawyers is dedicated to providing you with a competent and caring bankruptcy attorney who is able to give you the assistance you need.
What Do I Do Now?
When filing for bankruptcy, you can either choose to do so voluntarily or to wait until you are court ordered by a creditor. No matter which route you take, before filing you need to make sure you properly assess your financial situation. This includes any liquid assets. You should also be clear about exactly what you owe and who you owe. Lastly, although it may seem like an unfortunate situation, realize that this could be the best option to help you get a fresh financial start.
What Are My Options?
Two of the more noted filing options are Chapter 7 and Chapter 13. Chapter 7 bankruptcy typically involves the utilization of assets as a way to pay off owed debts.
Chapter 13, on the other hand, is an option for those who desire to retain their property. Sometimes referred to as reorganization bankruptcy, Chapter 13 would give you the opportunity to pay your debts over a specified period of time. If you have consistent income, there may even be a grace period available.
The bankruptcy attorney professionals at Medeiros & Associates Lawyers are devoted to your financial well-being. Contact us as soon as you are ready to start your bankruptcy process.
Our team of experienced legal professionals is ready to assist you with bankruptcy-related concerns. Visit our office for a free consultation or call us at 760-241-1234 to learn more.