Bankruptcy Law

Bankruptcy Attorneys: Chapter 7 and Chapter 13

There is no stigma for filing bankruptcy.  Don’t let debt ruin your life.  Abraham Lincoln, Donald Trump, Henry Ford, and Mark Twain all filed bankruptcy.  We want to help you.  Our bankruptcy attorneys will hold your hand through the entire process.  The attorneys will be available any time of day to answer questions and provide support.  We understand the terrible feeling of having to file bankruptcy and the stress that surrounds the decision.  Our understanding of the bankruptcy process ensures your bankruptcy is handled properly and quickly.  Our bankruptcy attorneys don’t want to prolong your stress.  Our bankruptcy attorneys want to quickly get you started fresh.

By filing a bankruptcy, you can regain control of your life.  We will make every effort to personally facilitate a smooth and easy transition for you to start over fresh.

Free Bankruptcy Consultations

Free Bankruptcy Consultations

We provide free consultations on all bankruptcy law matters.  You will not be charged to talk with us about your case.

There are dozens of reasons to file bankruptcy.  Most of our clients file because of medical bills and business debts. Bankruptcy might be an option for you, but we will not know until we meet with you.  We’ve advised several individuals against filing because it wasn’t in their best interest.  A free consultation allows you to get a complete understanding of the process.  The free consultation may help you in deciding whether this is the best option for you. It’s free, so why not?

Why file bankruptcy?

Why File Bankruptcy?

One of the many advantages of filing for bankruptcy includes an “automatic stay.” This ” automatic stay” stops all creditors from collecting a debt or taking legal action against you. Filing bankruptcy may:

  • Eliminate most unsecured debt, like credit cards;
  • Stop a foreclosure;
  • Stop lawsuits;
  • Stop wage garnishments;
  • Stop harassing phone calls; and,
  • Stop even repossessions.

Sacramento Bankruptcy Attorneys, Rancho Cordova Bankruptcy Attorneys, and Gold River Bankruptcy Attorneys, Folsom Bankruptcy Insolvency

How do I choose a chapter 7 bankruptcy or chapter 13 bankruptcy?

How Do I Choose?  Chapter 7 Bankruptcy or Chapter 13 Bankruptcy?

There are two main consumer bankruptcies:  Chapter 7 Bankruptcy and Chapter 13 Bankruptcy.  These Chapters allow the debtor to either enter a repayment plan or liquidate the debtor’s assets to pay debts.  Repayment plans let the debtor reorganize their debts, reduce their monthly payments, and to stretch the debts over a period of three to five years.  Liquidation is the process of selling the debtor’s assets and using those proceeds to pay the debts.  Choosing the “Chapter” most applicable to your situation is absolutely critical.  We are here to help you make this critical decision. We represent our clients by:

  • Working with you step-by-step through the bankruptcy process;
  • Using innovative technologies to ensure you have constant up-to-date status reports on your case;
  • Answering any questions and/or concerns in a timely manner; and,
  • Providing the emotional support needed to overcome the stress related to financial hardship and filing bankruptcy.

How much are attorney's fees?

Bankruptcy Attorney Fees

We make every effort to accommodate our clients. We offer a very low retainer of $100 and can set up a flexible payment plan that works for you.

Typical Chapter 7 Bankruptcies

For the attorneys fees listed below, your attorney will provide you with all of the legal services reasonably necessary to represent you in your Chapter 7 Bankruptcy petition. These services include communication with creditors, filing of all necessary documents to commence the Bankruptcy proceeding, and appearing with you at the Section 341 Creditors’ meeting in court. In addition to the attorney’s fees, you must pay the court filing fee of $335.00.

The Attorney’s fees for a typical Chapter 7 Bankruptcy:

  • Filing within 30 days: $1,200.00.
  • Expedited filing within 2 weeks: $1,500.00.
  • Expedited filing within 5 days: $1,800.00.
  • Expedited filing within 48 hours: $2,300.00.

Chapter 13 Bankruptcies

The Attorney’s fees for a Chapter 13 Bankruptcy are $4,000.00. There is also a separate Court filing fee of $310.00. We are flexible on method of payment for Chapter 13 Bankruptcies and can have as low as $1,000.00 down with the remaining amount paid through your Plan.

What bankruptcy services does our law firm provide?

Bankruptcy Law Services

Our attorneys work hand-in-hand with their clients.  You will not be left alone or without answer to your questions.  Our attorneys will work with you throughout the entire process.  We will be available any time of day to answer questions and provide support.

Our Rancho Cordova bankruptcy attorneys will provide the following services:

  • Preparing the necessary bankruptcy petition documents, including, but not limited too:
    • Voluntary Petition
    • Cover Sheet for Schedules
    • Summary of Schedules
    • Declarations
    • Schedules A – J
    • Statement of Financial Affairs
    • Chapter 7 Individual Debtor’s Statement of Intention
    • Statement of Social Security Number
    • Statement of Current Monthly Income and Means Test Calculation
  • Preparation and filing of reaffirmation agreements;
  • Communications with creditors; and
  • Attending the §341 Meeting of Creditors with our client.

How long is the process for a chapter 7 bankruptcy?

Chapter 7 Bankruptcy Timeline

A typical chapter 7 bankruptcy will take 90 to 120 days from the date the bankruptcy petition is filed.

  • First Step
    • The initial free bankruptcy consultation with a bankruptcy attorney to determine (1) if you qualify for bankruptcy and (2) whether you want to hire our attorneys to work with you.  If you do qualify and you decide to hire our law firm, you will then be provided with a document checklist.  This checklist includes all of the necessary information we need to draft the bankruptcy petition that will be filed with the bankruptcy court.
  • Second Step
    • Once the client provides our office with all of the documents requested in the checklist, an attorney will immediately begin working on the bankruptcy petition.  The time to complete the bankruptcy petition varies depending on the complexity.  However, assuming our office has all of the information needed, we usually finish the bankruptcy petition in less than a week.
  • Third Step
    • Once the bankruptcy petition is completed, our client comes into the office and we go over every detail of the bankruptcy petition to make sure all of the information is correct.  This generally takes anywhere from 30 to 60 minutes.  If all of the information is correct, the attorney will file the bankruptcy petition on the same day.
  • Fourth Step
    • Once the bankruptcy petition is filed, the court will assign a §341 meeting of creditors date.  The meeting of creditors date is usually set about 30-40 days after the petition is filed.  During this short period, the client will need to complete the mandatory Debtor Education course and provide our office with the latest bank statements and pay advices.
  • Fifth Step
    • The bankruptcy attorney and client attend the §341 meeting of creditors hearing.  This is a mandatory hearing.  Although the name implies all of the debtor’s creditors attend, it’s very rare that a creditor will actually attend the hearing.  The hearing will usually take less than five minutes.
  • Sixth Step
    • The trustee, a person assigned to over see your bankruptcy matter, will file a document indicating that no assets will be distributed to creditors.  The creditors are then given a certain period of time to object to this finding.  If no creditors object, our client will receive a discharge in about 60 days.

 


Learn More About Chapter 7 Bankruptcy

Learn More About Chapter 13 Bankruptcy

Contact Sacramento and Rancho Cordova Bankruptcy Attorneys

Interested talking to an attorney about bankruptcy?  Feel free to contact Sacramento and Rancho Cordova’s bankruptcy attorneys to set up a free consultation.

Call Us: (916) 241-3336

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