Orange Chapter 7 Bankruptcy Lawyers Give Consumers a Fresh Start
Trustworthy debt relief for individuals throughout the LA metro area
Much has changed in and around Orange since the first historic buildings were erected in Olde Town more than a century ago. Now a bustling city of more than 130,000, Orange is a hub for industries ranging from retail outlets to resorts. Unfortunately, some of these industries have been hit hard in recent times and many Orange residents have had to take on debt to get through some lean years. If you find yourself facing overwhelming debt, it may be time to consider Chapter 7 bankruptcy. The Law Offices of Michael Jay Berger provides highly professional and personalized bankruptcy representation. I have had decades of success delivering positive results for clients seeking debt relief. A consultation costs you nothing and it could change your life for the better.
The basics of Chapter 7 bankruptcy in Orange, CA
Chapter 7, also known as a straight bankruptcy, is the quickest way to discharge eligible debt. A Chapter 7 is appropriate when you have low and/or unreliable income and large amounts of unsecured debt. It involves a liquidation, meaning that the bankruptcy trustee can take possession of assets and sell them to partially repay your creditors before discharging your remaining eligible debt. However, most of the debtors I represent are able to protect all of their assets through the generous exemptions provided by California law.
Here are some key facts you should know about Chapter 7:
- Not everyone is eligible — You must qualify to file by passing the means test. Either you must demonstrate that your income is less than the median amount for a household your size or, if your income exceeds the median, you can qualify if you deduct allowable expenses and have little or nothing left over.
- Not every type of debt is dischargeable — Chapter 7 bankruptcy permits you to discharge most types of unsecured debt, such as credit card balances, personal loans and medical bills. Typically, you cannot discharge alimony, child support, criminal fines, back taxes, student loans and secured loans.
- Your relief from creditors is immediate — Even though the Chapter 7 process lasts a couple of months, the bankruptcy court issues an immediate order prohibiting your creditors from contacting you. That puts an end to harassing phone calls, repossession attempts and threatening letters for the duration of the bankruptcy case.
My firm’s Orange County bankruptcy lawyers will examine your financial information and determine whether you are a better candidate for Chapter 13 than for Chapter 7. If so, they will explain the situation to help you make the best decision for your situation.
Visit my Orange, CA office for a free Chapter 7 bankruptcy consultation
The Law Offices of Michael Jay Berger provides highly professional Chapter 7 bankruptcy services for clients in Orange, CA and vicinity, including Santa Ana, Tustin, Irvine, Yorba Linda, Garden Grove, Anaheim, Costa Mesa, Newport Beach, Huntington Beach, Mission Viejo and San Clemente. My Orange, CA office is located on the 17th floor of the City Tower at 333 City Blvd West. To discuss the specific facts of your case, please call me now at 310-271-6223 or contact me online for a free initial consultation. My staff is fluent in Spanish, Korean, Farsi, Armenian, Russian, Hebrew, Vietnamese, Khmer (Cambodian) and Mandarin Chinese.`