Filing Consumer Bankruptcy in California
Kodam & Associates, P.C.
Murrieta and California
Toll-Free: (866) 781-9042 | Office Phone: (951) 795-4679
Send an E-Mail
Filing bankruptcy is not the end of the world. Bankruptcy does not have the same social or financial stigma that it did even 10 years ago. Our bankruptcy laws are specifically designed to give debt-ridden individuals another chance to rebuild a more solid financial future.
At Kodam & Associates, P.C., with offices in Murrieta and California, we are experienced and knowledgeable bankruptcy attorneys. We can explain the different forms of bankruptcy filings and help you decide if bankruptcy is right for you.
If you decide to file bankruptcy, we will navigate the process on your behalf and make sure that you are getting every protection of the bankruptcy laws. Furthermore, you can rest assured that a licensed attorney will handle your bankruptcy filing from beginning to end.
What Is Chapter 7 Bankruptcy?
There are two main forms of consumer or personal bankruptcy: Chapter 7 and Chapter 13. Whether you file for Chapter 7 or Chapter 13 bankruptcy depends on your financial circumstances and on your long-term goals.
Chapter 7 bankruptcy is only available to individuals who do not have any disposable income. In other words, all your financial resources are tied up in your reasonable household obligations, with no extra money left over. When you file Chapter 7 bankruptcy, the court dissolves your debts and you can walk away from the financial burdens and start again with a clean financial slate and a greatly reduced debt burden.
You Do Not Have To Lose Your House With Chapter 7 Bankruptcy
The idea behind Chapter 7 bankruptcy is not to leave you penniless with no place to live and no transportation.
Depending on your circumstances, you may file Chapter 7 bankruptcy and still keep your car and even your house. If you are current on your house and car payments — and if the value of your house and car fall within the limits set by federal law — you may be able to keep your house and car and still discharge your other debts (such as medical bills or credit card debt) through Chapter 7 bankruptcy.
Contact Kodam & Associates, P.C.
Free Consultations ∙ Flexible Scheduling
If you have general questions about bankruptcy, we encourage you to visit our Bankruptcy Information Center.
If you have questions specific to your own circumstances, or if you know you are ready to begin bankruptcy proceedings, then we invite you to contact our offices for a free and confidential consultation.
To schedule an appointment— either in person or by telephone — with an experienced bankruptcy lawyer, contact the law office of Kodam & Associates today.
Toll-Free: (866) 781-9042 | Office Phone: (951) 795-4679 | Send an E-Mail
Note: Although our law firm accepts credit cards for most legal services, we regret that we are unable to accept credit cards as payment for legal services relating to bankruptcy proceedings.
