Sacramento Bankruptcy Lawyer
Paving the Way to Financial Freedom
If you are struggling with unpaid debt, mounting interest charges, persistent creditors, an inability to take care of yourself and your family and similar stressful situations, talk to an attorney at the firm. A legal professional can review your personal circumstances and help to determine the most appropriate financial solution for your particular situation. Bankruptcy may be a viable solution but many alternatives to bankruptcy also exist. Your legal counsel can help you to understand the benefits of each option, along with all factors you will need to weigh in determining your preferred course of action. The important thing is to act now, as without taking definite steps to improve your financial position, it can spiral quickly out of control and leave you ruined.
Areas of Practice
An attorney at the firm can help you with all your needs in relation to debt resolution and recovering your financial health. Areas with which they can provide skilled assistance include:
Chapter 7
A Chapter 7 bankruptcy is also referred to as a "fresh start bankruptcy" as it completely discharges all of your qualifying debt, allowing you to start over. In order to qualify for this type of bankruptcy, your assets, income and expenses must meet certain requirements.
Chapter 13
Unlike a Chapter 7, a Chapter 13 bankruptcy does not wipe out all of your debts. Instead, you are placed on a payment plan based on the amount you can afford to pay and must meet these payments over a specified period, usually 3-5 years. After that time, the rest of your debt is cancelled.
Bankruptcy Myths
You cannot always believe what you hear, and this is especially true when it comes to matters of bankruptcy. Learn the difference between truth and fiction. Bankruptcy actually provides multiple benefits to applicants that they could never enjoy otherwise. Bankruptcy does not really measure up to all the horror stories that you hear, talk to a bankruptcy attorney to learn more.
Benefits of Bankruptcy
Filing for bankruptcy is a big decision. If you are in financial crisis now is the time to make informed decisions. Learn about the benefits of bankruptcy and how it could help you get your finances in order and get back up on your feet. Talk to the legal team at Price Law Group to learn more.
Foreclosure Defense
There are many options available that can help individuals and families to avoid foreclosure. These include such actions as loan modification, debt settlement, debt relief and debt consolidation. Depending on your goals and priorities, a short sale or deed in lieu may be an option to help you avoid foreclosure while giving up the property.
Loan Modification
A loan modification can be an effective way of improving your financial situation while also retaining your assets. It can help you achieve lower interests as well as lower repayments and take a lot of the stress off your situation. The firm can help you negotiate favorable terms to ensure this action will work to your benefit.
Short Sale Negotiation
A short sale occurs when the value of the property is less than the amount still owed on the mortgage. Under this arrangement, you are not then liable for the deficiency if the process is correctly executed. A short sale can help you avoid bankruptcy and foreclosure.
Debt Settlement
A debt settlement involves an agreement with the bank or other creditor to accept partial payment of the outstanding balance in order to consider the account closed. You would not then be liable for the rest of the amount but this process must be addressed correctly in order to achieve a fair settlement amount and protect yourself.
Creditor Abuse
Abuse by creditors can occur in many forms but in any case is illegal. Debt collectors may not threaten actions they do not intend to take, call so frequently as to be a nuisance, use obscene, insulting or discriminating language or other similar behavior. If you are being subjected to this type of treatment, you do have legal recourse.
Insurance Settlement
When you have paid for an insurance policy, the entire purpose for doing so is that you will be protected from financial losses caused by unforeseen events. Unfortunately, insurance companies can employ many underhanded tactics to try to avoid paying out a fair settlement amount. The firm can advocate for your rights and the payment you deserve.
Tax Resolution
Unfiled tax returns or unpaid tax bills can bring about tremendous stress and dire financial consequences. If you are facing either or both of these situations, the firm can determine the most strategic resolution. It is important to act before wage garnishments, liens or similar collection measures are brought into play.
Do I Qualify fo Bankruptcy?
In order to determine whether or not you qualify to file for bankruptcy, you must apply the means test as prescribed by the government. This test considers your assets, income and expenses amongst other factors and an attorney at the firm can help you apply it correctly to determine your eligibility.
How Much Does Bankruptcy Cost?
Bankruptcy does not have to be expensive or out of reach. With the amount of money this action saves you immediately and each month thereafter, the cost is negligible in comparison. Contact the firm to discover how accessible bankruptcy really is.
How Can I Save my Home?
There are several options available if your priority is to save your home. Bankruptcy does in certain circumstances allow you to retain your property if you meet certain criteria and your filing is addressed correctly. Other possibilities include such actions as loan modification, debt settlement, debt relief and debt consolidation.
Wage Garnishment
Wage garnishment can occur for a variety of reasons, not just overdue tax bills. Any creditor to whom you owe money has the legal right to request the court approve a wage garnishment and if their request is successful, a significant portion of your pay can be withheld from each check. There are actions you can take to fight this situation.
Estate Planning
Estate planning is a vital step if you wish to protect your assets and ensure that they are received by your intended beneficiaries. With a comprehensive and skilled approach to the matter, your assets can be arranged in such a way as to protect them from unnecessary taxes, creditor claims and more.
Repossession
Certain secured loans contain the provision that the creditor may repossess the property attached to the transaction if you default on the terms of the agreement. If you are being threatened with repossession, talk to an attorney at the firm about your legal rights and what can be done to protect your property.
Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act, or FDCPA, regulates the behavior of debt collectors as regards their interaction with debtors. Specific methods of conduct which were found to be unfair and abusive are pronounced illegal by the Act and an attorney at the firm can help to protect you where this is being violated.
Legal Assistance with Bankruptcy
Don't continue to struggle endlessly with an ever-worsening financial situation - talk to an attorney from Price Law Group for personalized assistance. With 20 years in practice and over 100,000 individuals assisted in successfully eliminating their debt, the firm has the experience and resources needed to provide effective help. As the largest consumer bankruptcy firm in the southwest, they pride themselves on having the respect of the bankruptcy courts and the reputation they have developed. They offer a completely confidential, free initial consultation to help you get started on the road to a brighter future.