Riverside Chapter 7 Bankruptcy Lawyers Protect Your Future
Experienced attorneys deliver relief from overwhelming debt and a fresh start
The Riverside-San Bernardino-Ontario metropolitan area and the rest of California’s Inland Empire suffered economically during the Great Recession and again during the COVID-19 lockdowns. Many industries have not fully recovered. Many individuals who fell behind on their bills in the last several years are now struggling with debt they cannot reasonably expect to repay. If you find yourself in this situation, there is hope. By filing Chapter 7 bankruptcy, you may be able to quickly discharge the lion’s share of your debt and get a fresh start in only a few short months. At the Law Offices of Michael Jay Berger, my staff and I are ready to help.
Chapter 7 bankruptcy services in the Inland Empire
From my office in Downtown Riverside, my skilled, experienced staff assists clients with Chapter 7 bankruptcy filings. Although Chapter 7 involves liquidation of assets to pay back creditors, you shouldn’t worry about losing all your possessions. California law has generous exemptions that allow you to hold onto much of your assets. Most of my filings wind up being “no asset cases,” in which everything the debtor owns is protected by an exemption. The lawyers at my firm examine your situation, apply the exemptions that provide you with the greatest protection and guide you through every step of the process, which usually only lasts a few months.
What you need to know about Chapter 7 bankruptcy in Riverside
Here are a few important facts about the Riverside bankruptcy process:
- You must qualify — Not everyone can file under Chapter 7. You must qualify by passing the means test, one of two ways. You can show that your household income is below the median income for a household your size in California. If your income exceeds that amount, you can still qualify by showing you have little to no disposable income after allowable expenses.
- You get immediate relief from creditors — Although the Chapter 7 process takes a couple of months, you get an immediate automatic stay that prohibits your creditors from contacting you to collect the debt. This halts harassing phone calls, threatening letters or repossession efforts during the bankruptcy case.
- Not all debts are dischargeable — In Chapter 7 bankruptcy you can discharge most forms of unsecured debt, such as credit card balances and medical bills. You generally cannot discharge student loans, back taxes and secured loans. However, there are some exceptions that I can advise you about.
If under your circumstances, you would be better served by filing a Chapter 13 reorganization of debt, I will fully explain the process to you and help you get the optimum protection available.
Visit my Riverside, 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 the Riverside-San Bernardino-Ontario metropolitan area and the rest of the Inland Empire. My downtown Riverside office is located at 4480 Main Street. 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.