An Overview of Bankruptcy
Bankruptcy Attorney in Irvine
In these difficult financial times when the economy has left many people out of work and driven real estate values into a downward spiral, and debt has become an immensely worrisome issue for many American families. One may be unable to sleep at night, haunted by the constant badgering of collectors and the prospect of an impending foreclosure. Millions upon millions are out of work and once manageable unsecured debts are now threatening to cause financial ruin. For someone who finds himself in this untenable position, filing for bankruptcy can bring immediate relief. To obtain invaluable guidance and clear answers, an Irvine bankruptcy lawyer stands ready to help.
When a person files for bankruptcy, any communication from creditors must come to an immediate end. This means no more threatening phone calls or angry letters. If one's home is in foreclosure, this process must also be frozen while the legal process is allowed to play out. The two most common paths for consumer bankruptcy are Chapter 7 and Chapter 13. Through a Chapter 7 filing, many debts can be completely and permanently discharged, allowing a person to truly gain a fresh start. Consequently, some debts cannot be legally discharged and certain assets that one may have will be liquidated to pay back a partial amount to creditors. In a Chapter 13 proceeding, the court sets up a manageable repayment plan whereby creditors can be paid off over time and within the budgetary means of a person or family.
Irvine Bankruptcy Lawyer
Filing for bankruptcy may not be the right answer for everyone, but it is a powerful path to financial freedom to those for whom it is appropriate. It comes with certain benefits and drawbacks, but does lead to relief for many consumers. At the Law Offices of Arthur R. Hausmann, founded in 1984, clients can receive comprehensive and personal attention to their legal needs and financial concerns, including answers to questions about: bankruptcy overview,
Is bankruptcy right for me?,
bankruptcy timeline,
Chapter 7 bankruptcy,
Chapter 13 bankruptcy,
means test,
bankruptcy myths,
alternatives to bankruptcy,
discharging your debt,
debt relief,
debt collection harassment,
life after bankruptcy,
credit restoration & repair,
having an attorney on your side,
why Chapter 7,
why Chapter 13 and
Chapter 13 bankruptcy & foreclosure.
The firm also services clients residing in Huntington Beach, Costa Mesa, Anaheim and Santa Ana.
Why wait to obtain relief and peace of mind?
Contact an Irvine bankruptcy attorney
today for a consultation.