Can a Bankruptcy Protect My Home?
Throughout California, people live in fear of losing their home. Unfortunately the sub prime real estate crisis is ruining the lives of far too many homeowners. However, a bankruptcy is one way you can protect your home, prevent foreclosure and move toward a better financial future.
Matrix Law Firm’s Bankruptcy Lawyers is one of the premier California bankruptcy Matrix Law Firm’s Bankruptcy Lawyers, providing a top-notch California bankruptcy attorney team for anyone considering bankruptcy. Our background in bankruptcy law is well respected throughout the legal community, and our successful track record of keeping people in their homes is highly sought after.
Bankruptcy and Foreclosure
For many people considering bankruptcy, staying in their home seems like nothing more than wishful thinking. However, Matrix Law Firm’s Bankruptcy Lawyers is comprised of a highly skilled California bankruptcy attorney team dedicated to keeping each and every client in their home if at all possible. In fact, as discussed below, you may actually be able to stop the foreclosure process by filing for bankruptcy. A California bankruptcy attorney can sit down with you, analyze your particular financial situation, and see if bankruptcy is the best option for you.
How We Work!
The California bankruptcy attorney team at Matrix Law Firm’s Bankruptcy Lawyers focuses on your needs, and provides a successful program to help you keep as many of your assets as possible, including your home. We first go through your financial situation, which includes your debts, your income, your assets, what your financial history is and what your financial outlook will most likely be. After dedicating a skilled team to serving your needs, we will help you decide what bankruptcy options, or other debt-relief, will work best for you. These options might include:
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
- Debt consolidation
- Debt management
- Or some other appropriate option
Simply stated your debt problems become our debt problems as we work with you to find the best options possible for your unique situation.
Keeping Your Home
Filing for bankruptcy can not only help you avoid foreclosure, with the help of a California bankruptcy attorney, it can put the law on your side. We can put together a bankruptcy plan which focuses on protecting your assets which may assure that you and your family can stay in the home you worked so hard to buy. Many Californians has been hurt by the subprime mortgage crisis, and as a result many California families have gone homeless. Matrix Law Firm’s Bankruptcy Lawyers will fight to make sure you are not just another statistic, but a happy homeowner for a long time to come.
Matrix Law Firm’s Bankruptcy Lawyers, is comprised of some of the top California bankruptcy attorneys in the state. We work tirelessly to protect the financial future of our clients, and to point them in the best possible direction. Filing for bankruptcy can be complicated, but with our experience, knowledge and skill, you can rest assured that your assets and financial future are protected. Contact us today to see how a California bankruptcy can protect your home.
Chapter 7 Bankruptcy
Are you overwhelmed with debt? Are your financial options running low? Do your monthly bills sit in a pile, unpaid? Do creditors and collection agencies call you every hour of every day asking for money you don’t have?
If you answered “Yes,” to any of these questions, you are probably in need of a qualified California bankruptcy attorney. Following a free initial consultation, a California bankruptcy attorney can help you decide if Chapter 7 bankruptcy is the right way to go for your particular financial situation.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a form of liquidation and is the most common form of consumer bankruptcy. Often times, it is the best bankruptcy option for consumers with a relatively small amount of debt, as well as those who don’t have much valuable property. At Matrix Law Firm’s Bankruptcy Lawyers, our California bankruptcy attorney team is equipped to answer any and all questions you may have about Chapter 7 bankruptcy.
In the end, bankruptcy laws seek to provide a “fresh start” for struggling debtors. The focus of Chapter 7 bankruptcy is to discharge qualifying debt, eliminate personal liability on as much debt as possible. While Chapter 7 liquidation usually results in a complete discharge of most consumer debts, it is possible that certain debts will not be discharged. To get answers to your Chapter 7 bankruptcy questions, contact Matrix Law Firm’s Bankruptcy Lawyers today.
Time
Chapter 7 liquidation bankruptcy usually takes about four to six months from start to finish, often taking only one trip to 341 creditor meeting. A 341 creditor meeting is a meeting of the debtor’s creditors and is required under section 341 of the United States Bankruptcy Code. During the Chapter 7 liquidation procedure, this is the first meeting which involves the bankruptcy trustee, the creditors and the debtor. It occurs usually 20 to 40 days after the Chapter 7 bankruptcy is filed.
At Matrix Law Firm’s Bankruptcy Lawyers, our California bankruptcy attorney team is dedicated to your best interests. After sitting down with us for your initial consultation, we will assess your total situation, gather as much information as possible, and help you make an educated decision on your financial future.
After filing for Chapter 7 bankruptcy, you will receive the benefit of an “automatic stay,” which immediately stops your creditors from trying to collect on your debts. This temporarily prevents creditors, to whom you owe secured debt, from going after your car, house or other property. The automatic stay will cease most legal proceedings from happening and will end collection efforts.
In essence, once you file your bankruptcy case, most of your financial obligations are gone.
Choosing a qualified California bankruptcy attorney team is possibly the most important part of your bankruptcy case. Filing for Chapter 7 liquidation can be complicated, but with a California bankruptcy attorney team at your side, you can successfully go through the bankruptcy process, get your debt problems under control, and get your life back on track.
Call Toll Free 1-800-380-1591 for a free confidential consultation.
Chapter 13 Bankruptcy
At Matrix Law Firm’s Bankruptcy Lawyers, our California bankruptcy attorney team is highly qualified in all bankruptcy related matters and well versed in the United States Bankruptcy Code. If you are considering bankruptcy, you need a bankruptcy Matrix Law Firm’s Bankruptcy Lawyers you can trust, one that will competently guide you through the bankruptcy process.
Chapter 13 bankruptcy, sometimes known as a “Wage Earner Plan,” is a way for consumers/debtors to undergo a financial reorganization which is supervised by the bankruptcy court. While Chapter 7 offers an immediate relief to secured and unsecured debt, Chapter 13 is considered more of a rehabilitation program.
Under Chapter 13 bankruptcy, the consumer will be able to hold on to all of their property if they can repay their creditors over a three to five year period. The California bankruptcy attorney team at Matrix Law Firm’s Bankruptcy Lawyers can walk you through Chapter 13 bankruptcy effectively and efficiently.
How Does Chapter 13 Happen?
There are countless ways in which a person can find themselves in such harsh debt problems that they seek out Chapter 13 bankruptcy. Illness, loss of work, divorce, bad luck, poor planning and other unforeseen circumstances can all contribute to the kinds of debt problems that Chapter 13 bankruptcy is designed to help fix.
Credit Card Debt
Throughout California, and the United States, people are overwhelmed from the affects of credit card debt. Massive credit card debt is one of the major causes of Chapter 13 bankruptcy, because people use credit cards when things get tight financially and can’t pay them back. Often, aggressive un-marketing strategies by credit card companies lead consumers to carry balances that are beyond their means. A bankruptcy Matrix Law Firm’s Bankruptcy Lawyers can help you evaluate your financial circumstances and help you through these financial circumstances.
Chapter 13 bankruptcy is designed to enable each debtor, under court protection and supervision, to apply a portion of future earnings to the payment of some or all of their debts over a period of time. The consumer/debtor is protected from creditors through the automatic stay while the plan of repayment is calculated and carried out. It is sometimes also called “Consumer Debt Adjustment.”
Matrix Law Firm’s Bankruptcy Lawyers works tirelessly to help each and every client we work with. Our California bankruptcy attorney team is well respected in the legal community, and our successful track record of helping people through Chapter 13 bankruptcy is unparalleled.
Contact Matrix Law Firm’s Bankruptcy Lawyers today. 1-800-380-1591
Debt Relief
If there’s one thing every American needs today, its debt relief. Unfortunately for most Americans, debt relief is easier said than done. Matrix Law Firm’s Bankruptcy Lawyers can help you recognize your debt relief options by analyzing your financial situation and offering experienced advice on potential solutions to your debt problems.
Debt Problems
There are various debt problems facing Americans today: credit card debt; medical bills; mortgage payments; foreclosures; car loans; and much more. Few Americans are aware of the many tools and avenues they have access to in order to rid themselves of the massive debt they’ve gotten themselves into. Matrix Law Firm’s Bankruptcy Lawyers specializes in helping people burdened with large amounts of secured and unsecured debt, and helping them achieve financial freedom.
Secured Debt vs. Unsecured Debt
The California bankruptcy attorney team at The Matrix Law Firm’s Bankruptcy Lawyers will target your specific debt problems and determine the best possible solution. A major factor in deciding the best form of debt relief for you is determining whether you have massive secured debt or unsecured debt.
- Secured debt is any debt which the borrower pledges some asset as collateral for the loan. The asset which is used as collateral usually means a car loan, a home loan or some other type of loan which can lead to a repossession or foreclosure.
- Unsecured debt is any type of debt that is not “collateralized” by any asset. This usually refers to credit card debt, medical bills or the like.
Matrix Law Firm’s Bankruptcy Lawyers’s California bankruptcy attorney team will analyze your particular form (or forms) of debt, as well as the total amount owed, in order to figure out your best debt relief option. We will then help you to formulate a plan that will lead to the quickest, most effective avenue for total debt relief.
Bankruptcy Consultation
One of the wisest decisions you can make is to have a consultation with a California bankruptcy attorney. You may be facing incredibly difficult financial circumstances which are causing you to consider some form of debt relief and/or bankruptcy. However, what you may not know is that there are many options available to you, and each option has its own challenges and complex legal nature. The California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers will be able to sit down with you and discuss your debt problems, your financial challenges, your current income, and what bankruptcy options are right for you.
The Matrix Law Firm’s Bankruptcy Lawyers Center offers a free initial consultation for every client, offering you the opportunity to learn about your circumstances and how we can help you get free from your debt problems. The California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers is a highly skilled group of professionals educated in bankruptcy law, bankruptcy court procedure, debt negotiation and much more. After sitting down to analyze your situation, we can discuss all of your options.
Payment Plans?
The Matrix Law Firm’s Bankruptcy Lawyers will also create a payment plan that is right for you. Obviously if you are considering bankruptcy, you are in a serious debt situation and most likely cannot be bogged down by heavy legal bills. The Matrix Law Firm’s Bankruptcy Lawyers will sit down to discuss creative and alternative billing options, such as little or no money down to being your case, all with the goal of helping you solve your debt problems quickly and efficiently. We will discuss Chapter 7 bankruptcy, Chapter 13 bankruptcy and other debt relief options with you.
It is important to remember that the longer you wait the more interest your debts will incur and the more difficulty you will suffer while trying to manage the rest of your life. We understand how debt problems have a way of impacting every area of your life by causing anxiety, stress, lack of sleep and other problems. A California bankruptcy attorney can work to help you get to the light at the end of the tunnel.
Contact the California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers today to schedule your initial consultation. Our knowledge of, and experience with, the United States Bankruptcy Code is extensive, so put our knowledge to work for you.
Bankruptcy Terms
You may be quite unfamiliar with the terms associated with bankruptcy, in part because most people do not want to learn a thing about bankruptcy unless they have to! At the Matrix Law Firm’s Bankruptcy Lawyers, your bankruptcy is handled with care and concern for you. We never apply a “cookie cutter” approach to you or your financial situation, and we carefully analyze exactly what your bankruptcy might entail.
The Matrix Law Firm’s Bankruptcy Lawyers also provides a list of key bankruptcy terms that will help you understand exactly the legal lingo that your California bankruptcy attorney will use. It will also help educate you so that you are not taken advantage of by lenders, mortgage companies and the like.
Key Bankruptcy Terms:
- Unsecured Debt – Unsecured debt is the type of debt which is not attached to any particular item, such as credit card debt or medical bills. If you have unsecured debt, nothing can be “repossessed” due to lack of payment
- Secured Debt – Secured debt is the type of debt that is associated with items not exempt from repossession. For example, a car loan is a secured debt; a mortgage is a secured debt, and so on. If you do not make payments, the car or house could be taken away from you.
- Bankruptcy – Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors.
- Chapter 7 – Chapter 7 bankruptcy means basic liquidation for individuals and businesses
- Chapter 13 – Chapter 13 bankruptcy means a bankruptcy plan where there is rehabilitation with a payment plan for individuals with a regular source of income
- Liquidation – Liquidation means selling all your property and getting the maximum worth for it, whether at auction or other process. The proceeds are usually then used to pay off the debtor’s unsecured creditors.
- Debtor – A debtor is a person/or business who is in debt and who would then have to declare bankruptcy. If you take out a loan, you are a debtor.
- Dischargeable – The term dischargeable usually refers to a debt which can be eliminated during a Chapter 7 bankruptcy.
These and many more terms are important to learn, and are a clear demonstration of how complex the bankruptcy process can be for the average consumer. The California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers is comprised of people with an excellent knowledge of bankruptcy law, bankruptcy options and more.
If you, or a loved one, is facing serious debt problems and needs a way out, contact the California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers today. Our highly skilled team of bankruptcy professionals will analyze your situation and figure out the best option for you, your family and your future.
Changes in Bankruptcy Law
The California bankruptcy attorney team at Matrix Law Firm’s Bankruptcy Lawyers, has been around quite a long time, and as such we have witnessed various changes to the United States Bankruptcy Code. In 2005, under the Bush Administration, the bankruptcy laws in the United States were radically changed, and few people fully understand exactly how and why those changes work.
Most California residents are under the impression that filing for bankruptcy is no longer an option because of the 2005 bankruptcy law changes. That is COMPLETELY UNTRUE!
In most cases, it is actually easier to qualify for Chapter 7 liquidation bankruptcy and Chapter 13 bankruptcy under the new laws than under the old laws. The Matrix Law Firm’s Bankruptcy Lawyers, fights to provide accurate, helpful information to consumers. In the years since the bankruptcy laws have changedthe filing levels for bankruptcy have not gone down, and in many cases have actually increased
Bankruptcy Filings
Matrix Law Firm’s Bankruptcy Lawyers, employs a highly qualified and highly skilled California bankruptcy attorney team which aggressively represents our clients in and out of bankruptcy court. Since the 2005 bankruptcy law changes, we have faced NO significant resistance in bankruptcy filings. Our clients are receiving Chapter 7 bankruptcy protection and Chapter 13 bankruptcy protection with no problems, and in many cases some of the red tape has been removed.
Some of the Major Changes to Bankruptcy Law.
he following are some of the major changes brought about by the New Bankruptcy Laws:
Mandatory Credit Counseling – Prior to filing for bankruptcy in California, you will now have to complete a credit counseling course, either online or over the phone. The cost of these courses ranges from between $0 and 50$, and will be given free of charge if you do not have the ability to pay.
Means Test – This is an 8 page test designed to measure whether or not you are eligible for bankruptcy filing. This test actually removes some of the discretion bankruptcy judges have by measuring your income from the past 6 months, as well as expense deduction. Most people qualify using this test, which has been one of the major changes the new bankruptcy laws brought.
Tax Returns – In a California Chapter 7 bankruptcy filing, you are now required to submit your tax return from the previous year (assuming tax return was filed). If there is no return, a declaration is submitted instead. In a California Chapter 13 bankruptcy filing, you would be required to submit tax returns from the last two years, and possibly the last four years.
Mandatory Debt Management – If you are filing for bankruptcy, you will be required to undergo a debt management course (just like the credit counseling) after the bankruptcy case is filed. Debt management can actually be extremely helpful for people with serious debt problems, and this has been a great help to people facing bankruptcy.
These and other new developments are important to know about and learn about, and the California bankruptcy team at the Matrix Law Firm’s Bankruptcy Lawyers, can assist you. Contact us today for a free bankruptcy consultation.
Chapter 7 Bankruptcy and Credit Card Debt
At Matrix Law Firm’s Bankruptcy Lawyers, our California bankruptcy attorney team is specially equipped to handle all bankruptcy issues, including massive credit card debt. Credit card debt is one of the main problems in American households. At the end of 2008, America’s credit card debt reached over $972 billion. That’s over $3,200 for every living American (counting children). The average American household has over $10,000 in credit card debt, and the average college student has over $2,000 in credit card debt. With these statistics, it is no wonder so many Americans are considering bankruptcy.
Solutions to Debt Problems
Most credit card debt is unsecured debt, which means that it is 100% dischargeable in a Chapter 7 bankruptcy. While there are a few exceptions to the rule, the Matrix Law Firm’s Bankruptcy Lawyers, can help you evaluate what your best options are and whether chapter 7 bankruptcy is right for you.
If you are facing a mountain of credit card debt, the California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers, can help you get out from under your debts. Bankruptcy is no quick fix, but is a viable option for many struggling consumers. Our California bankruptcy attorney team works with people throughout the state who don’t know where else to turn.
Matrix Law Firm’s Bankruptcy Lawyers, can help you analyze your debt problems, review all of your credit card debt and see what options are right for you. Chapter 7 Bankruptcy (also known as Chapter 7 liquidation) might be the best way to solve your debt problems and get clear of most, if not all, of your credit card debt.
Chapter 7 bankruptcy can reduce, or even eliminate, your credit card debt, late fees or fines. While some people think the bankruptcy law changes in 2005 prevent them from declaring Chapter 7 bankruptcy, this not true, and the California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers, can help inform you of what debt solutions you are eligible for.
If you are considering Chapter 7 bankruptcy as a possible solution for your credit card debt, here are some important tips our California bankruptcy attorney team would like you to know:
- In some instances, you may actually keep your credit cards after your Chapter 7 bankruptcy;
- Once you successfully file for bankruptcy, any collection agency calls regarding credit card debt will stop;
- If you run up your credit cards in the 2-3 months leading up to your Chapter 7 bankruptcy, it is very likely that the court will make you pay those debts in full.
If you are facing serious financial challenges, contact the Matrix Law Firm’s Bankruptcy Lawyers, today. Our California bankruptcy attorney team can help you decide whether a Chapter 7 bankruptcy is the best way for you to eliminate your credit card debt.
Which Bankruptcy Do I File For?
At the Matrix Law Firm’s Bankruptcy Lawyers, our California bankruptcy attorney team counsel and advise people everyday who do not fully understand all of their options under bankruptcy law. Many people are familiar with Chapter 11 from television shows and newspapers, but few truly understand that there are a variety of options under the United States Bankruptcy Code which allow the consumer to cater their program to their specific financial situation.
Chapter 7 or Chapter 13
Usually, the choice of bankruptcy chapter depends on many factors that are specific to your financial situation and your financial needs. The best way to determine the right bankruptcy chapter for you is to sit down with qualified, experienced legal counsel, such as a California bankruptcy attorney. Issues such as what type of debt you have, as well as the nature and value of your property and assets also play a part in the bankruptcy decision. Discussing your complete financial situation with a highly skilled California bankruptcy attorney will help you decipher you particular situation, as well as what decision is right for you.
Liquidation – Chapter 7
Chapter 7 bankruptcy, or liquidation, is the most common type of bankruptcy for Californians. In this situation, the debtor receives a discharge of most or all unsecured debts within several months of filing the case. If the debtor (you) seems to have enough money to make some payments on the debts, the trustee or the Bankruptcy court may move to dismiss the case for “substantial abuse.” The basic concept is that if a person has the ability to pay off a debt, then they should indeed pay that debt and not be allowed to walk away from it.
It is important to note that if your debt is a mix of business and consumer debts, the legal for of your business will play an important role. Corporations (such as Microsoft) and partnerships (such as Matrix Law Firm’s Bankruptcy Lawyerss) can file Chapter 7 and Chapter 11. In this situation, the choice really depends on whether the business can be reorganized in a Chapter 11 case. If not, then Chapter 7 liquidation is necessary. Contact the California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers, to learn more.
Chapter 13 – Consolidation
Chapter 13 might be a better situation for you, especially if you have debts that are not dischargeable under Chapter 7. Often, people select to file for Chapter 13 bankruptcy because they are in default on their mortgages, car payments or other serious loans and want to save those items. Chapter 13 might also be a great option if you have too much property to be exempted from creditors in Chapter 7.
As you can see, choosing which bankruptcy is right for you can be complex, and if you aren’t handling the situation properly, everything could fall apart. Your bankruptcy is serious, and you need a qualified, successful California bankruptcy attorney team walking you through every step to assure you of a successful bankruptcy.
Contact Matrix Law Firm’s Bankruptcy Lawyers, today and speak with one of our highly qualified California bankruptcy attorney team members. Toll Free 1-800-123-4567
About the Matrix Law Firm’s Bankruptcy Lawyers
At the Matrix Law Firm’s Bankruptcy Lawyers, , our California bankruptcy attorney team works tirelessly to represent the best interests of each client we serve. Our experience with the United States Bankruptcy Code is well respected in the legal community, and our dedication to client service is one of a kind. We aim to provide top-notch legal resources, counsel and advice to each person who is thinking about bankruptcy.
California Bankruptcy Attorneys
The Matrix Law Firm’s Bankruptcy Lawyers, ’s comprised of a group of legal professionals who have been practicing bankruptcy law for many years. Our knowledge of bankruptcy law, experience with filing bankruptcy and skill in representing people in dire financial circumstances is highly sought after throughout California. California bankruptcy cases often involve people who are not sure how they got into such circumstances. At the Matrix Law Firm’s Bankruptcy Lawyers, , our ability to bring peace to people’s financial storms is what defines our firm.
If you are facing bankruptcy, you are undoubtedly facing a variety of emotional stress and anxiety. A skilled California bankruptcy attorney team can help you sort out your debt problems and hopefully break the cycle of debt. Throughout California, many people seek out our knowledge of financial matters and getting free of debt problems.
Debt Problems
Bankruptcy could be the right decision for you if you are facing the following challenges:
- Heavy credit card debt;
- Heavy medical bills;
- Behind on your mortgage;
- Facing foreclosure;
- Serious loss of income;
- Job loss;
- Divorce or other family problems; or
- Other serious debt problem
Mounting secured debt and unsecured debt can ruin people’s financial well-being as well as other areas of their lives. Debt problems can cause cars to be repossessed, houses to be foreclosed on, and much more. If you are facing such financial turmoil, you need a qualified California bankruptcy attorney team to help analyze your situation and figure out the best possible options for you.
Our California bankruptcy attorney team counsels people everyday who are facing mountainous debt and who don’t know what to do. Our experience with Chapter 7 liquidation, Chapter 13 bankruptcy, debt consolidation, debt settlement, short sales and more help every single client achieve the best possible results.
If you are facing serious financial challenges, and if you need legal advice regarding your bankruptcy filing, contact the California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers.
Bankruptcy Attorney
You may not know exactly how to handle your bankruptcy, you may be overwhelmed by debt and you may be in total fear of your financial situation. If this is you, take hope, there are bankruptcy professionals who can help you get out of your current challenges.
At the Matrix Law Firm’s Bankruptcy Lawyers, our bankruptcy attorney team is highly qualified in all areas of bankruptcy law, including:
- Chapter 7;
- Chapter 11;
- Chapter 13;
- Debt Negotiation;
- Debt Settlement;
- And much more.
Our bankruptcy attorney team understands that bankruptcy is much more than just filling out some forms.
FAQs
Do I Need a California Bankruptcy Attorney?<
Filing for bankruptcy is a complex process which involves more than a few forms and signatures. An experienced, qualified California bankruptcy attorney can assist you in filling out your forms properly, gathering your information accurately, and making sure you are aware of all possible scenarios. Your bankruptcy attorney’s advice could help you take advantage of all the debt relief provided by the United States Bankruptcy Code.
You are most likely unaware of how complex the law is, as well as of how many different forms of bankruptcy there are. Most likely, if you have found yourself in these challenging circumstances, you simply know that you need an answer to your debt problem. At the Matrix Law Firm’s Bankruptcy Lawyers, we handle all forms of bankruptcy and debt relief cases, including Chapter 7, Chapter 13 and much more. Contact the Matrix Law Firm’s Bankruptcy Lawyers today to being your initial consultation.
Fees and Payment
At the Matrix Law Firm’s Bankruptcy Lawyers, we fight for your rights, your financial well-being and your future. We can help you file for bankruptcy with your head held high and full of knowledge. To make the bankruptcy process easier for you, we are willing to discuss various financial arrangements, including preparing your Chapter 7 bankruptcy with little money down (or even no money down in some circumstances).
Bankruptcy Costs
In order to file a bankruptcy, there are generally two costs associated:
- A filing fee paid to the United States Bankruptcy Court, and
- Legal Fees to your California Bankruptcy Attorney
At the Matrix Law Firm’s Bankruptcy Lawyers, we have numerous payment options including flat fees to cover the work of your entire case and much more. We are also willing to discuss and consider payment plans, depending upon your situation.
To determine the exact nature of your financial situation, contact the California Bankruptcy Attorney team at the Matrix Law Firm’s Bankruptcy Lawyers today. Our sophisticated legal staff will work to process your information and get you the best possible information available.
California Bankruptcy
At the Matrix Law Firm’s Bankruptcy Lawyers, , our knowledge of bankruptcy issues in unparalleled, and our ability to serve people facing dire financial circumstances is well-respected. If you are considering declaring bankruptcy, contact our bankruptcy Matrix Law Firm’s Bankruptcy Lawyers today and speak with one of our highly qualified bankruptcy professionals.
Bankruptcy Law
Over the last 10 years, Congress and the White House have radically changed the way bankruptcy law operates in the lives and finances of Americans. The Bankruptcy Abuse Prevention and Consumer Protection act of 2005 affect bankruptcy clients that have large amounts of income, as well as people in lower income brackets. This law, coupled with various other changes over the years, are difficult to understand for the average person, which is why having an experienced bankruptcy attorney by your side can be useful.
What Can a Bankruptcy Lawyer do?
Most likely, if you are considering bankruptcy you are facing a challenging financial situation that is creating tension, fear and anxiety in your life. Part of the reason bankruptcy causes such fear in most people, beyond the obvious financial challenges, is that few people understand the bankruptcy process.
If you are being crushed under the weight of all your debt and want to break free and start your financial life over, bankruptcy could be the answer you’ve been looking for. If done properly, bankruptcy can help you eliminate most or all of your debts, and many people are allowed to keep most or all of their assets and property. At the Matrix Law Firm’s Bankruptcy Lawyers, our bankruptcy attorney team can provide qualified legal representation, as well as assist and advise you through this complicated process.
What Does Bankruptcy Do?
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. There are many types of bankruptcy, including Chapter 7 bankruptcy, Chapter 11 bankruptcy and Chapter 13 bankruptcy.
Many forms of debt can be eliminated or subjugated by declaring bankruptcy, including credit card debt and medical bills. Medical bills are often the leading cause of bankruptcy in America today.
Unsecured debt, such as credit cards and medical bills, as well as secured debt, such as car loan can all be dealt with by declaring bankruptcy. However, having a qualified, successful bankruptcy attorney by your side can help you file for bankruptcy properly and get the best results possible. If you are overwhelmed by your debts, if creditors and collection agencies are calling you non-stop, then the bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers, may be able to help you.
Matrix Law Firm’s Bankruptcy Lawyers,
The highly skilled bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers, can help you decide whether or not filing for bankruptcy is the right choice for you, your situation and your family. Our team of knowledgeable and experienced bankruptcy professionals understand bankruptcy law and have helped countless people in California successfully declare bankruptcy with the best results possible.
CALL TODAY FOR A FREE CONFIDENTIAL CONSULTATION (800)380-1591
Chapter 13 Bankruptcy and Foreclosure
At the Matrix Law Firm’s Bankruptcy Lawyers, our team of California bankruptcy attorneys is dedicated to delivering top notch representation for anyone who is having severe financial problems. Our team of bankruptcy professionals can work with you to figure out what debt management solution will best solve their debt problems. Whether you have mounting credit card debt, heavy medical bills or are facing foreclosure, the Matrix Law Firm’s Bankruptcy Lawyers, can help you get free from debt and help build towards a stable financial future.
Foreclosure
Today’s real estate crisis is hurting millions of people throughout California. Banks and lenders are foreclosing on homes everyday, and entire neighborhoods have sadly been abandoned due to these foreclosures. Many consumers are unaware that Chapter 13 bankruptcy was designated to stop the foreclosure process. Chapter 13 Bankruptcy can be a powerful tool to possibly save your home and stop foreclosure if you have a skilled California bankruptcy attorney working with you.
A foreclosure is the process by which the bank or mortgage company that gave you the loan takes the property back due to lack of payment. The foreclosure process can differ sometimes, but problems usually begin when the mortgage is just 16 days past due. It is possible to negotiate with the lender at this point, but few homeowners choose to go that route. This usually begins a process whereby the homeowner falls further behind in payments, and although there may be many options available to the homeowner, few homeowners are aware of these options and thus fail to take advantage of them.
Chapter 13 Bankruptcy
The Matrix Law Firm’s Bankruptcy Lawyers, has helped many people file for Chapter 13 Bankruptcy specifically to stop foreclosure. In almost every case, an automatic stay is granted as soon as the bankruptcy petition is filed. The automatic stay can temporarily stop the foreclosure process, as well as all other collection agency action. After you have gotten the automatic stay, you have the time necessary for yourself and your California bankruptcy attorney to work out a Chapter 13 repayment plan.
Chapter 13 Bankruptcy offers you the opportunity to restructure your debts and create a better timeline for repayment. After filing for Chapter 13 Bankruptcy, you and your California bankruptcy attorney can submit a thought-out repayment plan, which will outline your income, your living expenses and proposed payments to the trustee for the benefit of your creditors. Your payments must be kept current after the Chapter 13 bankruptcy is filed.
Are You Facing Foreclosure?
At the Matrix Law Firm’s Bankruptcy Lawyers, you can speak with our California bankruptcy attorney team to have an objective point of view on your current financial situation. Our bankruptcy professionals understand the law, the economic landscape of America and the mortgage companies in and around California. If you are employed and/or have a regular source of income, if you have sufficient income to make Chapter 13 plan payments, and if you do not have debts in excess of the statutory caps for Chapter 13 bankruptcy, then you are likely eligible to file for Chapter 13 Bankruptcy. The Matrix Law Firm’s Bankruptcy Lawyers, can help you file for Chapter 13 Bankruptcy and help you protect your home.
Contact the Matrix Law Firm’s Bankruptcy Lawyers today.
Answering Your Bankruptcy Questions
At the Matrix Law Firm’s Bankruptcy Lawyers, , our attention to our clients is one of the ways we define ourselves. We supply clients and those facing challenging financial problems with vital information to help them decide whether bankruptcy is right for them.
Our California bankruptcy attorney team is highly qualified to handle any form of bankruptcy or debt restructuring, and our ability to assist even those with serious debt problems is highly respected. People facing massive debt, including credit card debt, medical bills and more, could benefit greatly from filing for Chapter 7 or Chapter 13 bankruptcy. Having a qualified and knowledgeable California bankruptcy attorney working with you on your potential, or pending, bankruptcy will make the process go smoother and avoid potential mistakes.
Below are some bankruptcy questions as well as accompanying answers that should help shed some light on your debt problems and financial challenges, as well as on the bankruptcy process.
- What is bankruptcy? – Bankruptcy is the process designed to help consumers, as well as businesses, eliminate debts or repay them under the protection of the federal bankruptcy court.
- Who can file for Chapter 7 bankruptcy protection? – In California, almost any person or company may file a Chapter 7 bankruptcy petition if that person or entity resides in the United States. In fact, our California bankruptcy attorney team has been able to help people previously denied a Chapter 7 discharge in subsequent Chapter 7 bankruptcy filings, call us and ask us how.
- What happens if I file a Chapter 7 bankruptcy? – The Chapter 7 bankruptcy process basically works as follows: After filing a petition with the federal bankruptcy court, your Chapter 7 bankruptcy commences. The person declaring or filing for bankruptcy is referred to as the “debtor” and is required to disclose to the court all of his/her property, assets and debts and to turn over all nonexempt property and assets to the bankruptcy trustee. The bankruptcy trustee will convert all of the property and assets into cash so that it can be distributed to creditors. After this is accomplished, the debtor is completely discharged of all dischargeable debt.
- How does the consumer bankruptcy process operate? – While any qualified California bankruptcy attorney will tell you that the process changes slightly from case to case, here is a basic rundown of the process. The Matrix Law Firm’s Bankruptcy Lawyers, will file several forms with the federal bankruptcy court, disclosing all of your personal property and assets, your income, your expenses, your debts and any financial transactions. After this occurs, the bankruptcy court appoints an officer called a “trustee” assigned to oversee your case. Usually after 30 days have passed, a member of the Matrix Law Firm’s Bankruptcy Lawyers, ’s California bankruptcy attorney team will come with you to a meeting with the creditors involved in your case, wherein the trustee reviews your case, verifies your identity and may have some basic questions. Rarely do creditors attend such meetings, and the meeting usually lasts less than an hour. After that, you should receive a notice from the courts that “all debts that qualified for discharge were discharged” and the process is complete.
- At my initial appointment, what sort of information do I have to provide? – At the Matrix Law Firm’s Bankruptcy Lawyers, , we work with you to provide a comprehensive legal strategy during your bankruptcy. As such, we require a complete breakdown of your current financial situation so that we can accurately represent and portray your situation. There is no need to be embarrassed of your debt problems or financial challenges, especially since no matter how many mistakes you’ve made, we have undoubtedly seen people in much worse shape than you will ever be. Specially, you should provide the following:
- A complete list of your creditors so the Matrix Law Firm’s Bankruptcy Lawyers, can get a good idea of who your creditors are and how much you owe;
- A copy of your credit report;
- A copy of your most recent pay stub which shows your net and gross income, as well as year to date earnings;
- Your gross earning for the past two years;
- The payoff amount of any vehicles which you are financing, as well as mileage information;
- Copies of any judgments, lawsuits, liens and other such matters pending against you. Also, if your wages are garnished due to a divorce proceeding or other legal matter, we will need to have that information as well.
- All information regarding student loans, tax obligations and cosigned obligations;
- All payoff amounts on any real estate you are financing; and
- A copy of your spouse’s paycheck stub.
For more information, contact the Matrix Law Firm’s Bankruptcy Lawyers today.
California Bankruptcy Questions
The Matrix Law Firm’s Bankruptcy Lawyers is comprised of the some of the most educated, talented and trustworthy bankruptcy professionals in California. Our California bankruptcy attorney team is highly skilled in getting people through bankruptcy filings with minimal pain and maximum results.
If you are facing constant phone calls from creditors, mounting medical bills, serious credit card debt or other debt problems, the Matrix Law Firm’s Bankruptcy Lawyers can help you. The California bankruptcy attorney team will walk you through the entire bankruptcy process and make sure you come out in better shape on the other side.
While facing difficult financial circumstances, you may have serious questions about the process. Here are some answers to the bankruptcy questions you might have:
Can I file for bankruptcy without including my assets? – No. To know exactly what your bankruptcy filing should include, you should contact a California bankruptcy attorney at the Wolfe Law Center.
2) If I file for bankruptcy, will it delay a creditor? – Under the law, your bankruptcy petition can not be filed “for any improper purpose, such as to harass or to cause unnecessary delay”.
3) Am I obligated to disclose all of my debts when I file for bankruptcy? – Yes. These are significant consequences including possible imprisonment, (or fraudulently) concealing any assets from the bankruptcy court. Having a trustworthy California bankruptcy attorney working with you can help you avoid such legal troubles, and the Matrix Law Firm’s Bankruptcy Lawyers is dedicated to making your bankruptcy filing as smooth as possible.
4) What is my credit report; why is it important and how do I get a copy? – Your credit report details the last seven years of financial history and is one of the financial tools you can use to identify all of your creditors. The three major credit bureaus – Equifax, TransUnion and Experian – compile your financial data and provide a credit score that can go as high as 800 or much lower. Getting a report can be free under the Fair Credit Reporting Act.
5) What happens if I see mistakes in my credit report? – One of the major ways any qualified California bankruptcy attorney can assist you is by helping you remove and/or eliminate debts from your credit report. As you go through your report, and let your California bankruptcy attorney know which are illegitimate, your California bankruptcy attorney will adduce the credit bureau know what items are wrong. The credit bureaus should then immediately remove these item from your report.
The Matrix Law Firm’s Bankruptcy Lawyers can provide anyone considering bankruptcy with the information and knowledge that will help them make an informed decision regarding their financial struggles. Our California bankruptcy attorney team counsels and advises people every day as to whether or not bankruptcy is their best option. Our California bankruptcy attorney team possesses the skill and ability to make your bankruptcy filing to smoothly.
Contact the Matrix Law Firm’s Bankruptcy Lawyers today.
Chapter 7 Bankruptcy and Home Foreclosure
At the Matrix Law Firm’s Bankruptcy Lawyers, , our California bankruptcy attorney team is dedicated to protecting as much of our clients’ assets as possible. Many people are often hesitant to file for Chapter 7 bankruptcy because they are afraid that they will lose their home, their car and every other asset they own. However, filing for bankruptcy does not mean you have to give up all of your possessions.
Home Foreclosure
Filing for a Chapter 7 bankruptcy can help you avoid losing your home, through foreclosure by halting the foreclosure process.
Our California bankruptcy attorney team can help educate you on the power a Chapter 7 bankruptcy can have. Creditors and lenders must respect any court order, and our California bankruptcy attorney team can work hard on your behalf to help you keep your home after filing for Chapter 7 bankruptcy.
Foreclosure Solution
Chapter 7 bankruptcy, which is also known as Chapter 7 liquidation, can be a great temporary solution for foreclosures. Where there is no “magic fix” that will miraculously pay off your mortgage, a Chapter 7 bankruptcy can absolutely give you some breathing from by wiping out your debts and placing a hold on your foreclosure proceedings. The automatic stay granted by your Chapter 7 bankruptcy is in play as long as the court wants it to be, and with a qualified California bankruptcy attorney, you can effectively prevent the lender from eliminating your automatic stay too soon.
Chapter 7 Bankruptcy
What is important to remember is that the Matrix Law Firm’s Bankruptcy Lawyers, can provide excellent legal advice regarding your bankruptcy needs. Our California bankruptcy attorney team has years of experience with Chapter 7 bankruptcy, including the ability to manage any and all unsecured debt and secured debt issues. When you sit down with the Matrix Law Firm’s Bankruptcy Lawyers, for your initial consultation, your personal California bankruptcy attorney will be able to analyze your financial situation and counsel you as to what you’re best options are. Chapter 7 bankruptcy might not be the best solution for your foreclosure; it may be Chapter 13 bankruptcy or some other form of debt relief.
It’s important to remember that while a California bankruptcy attorney can provide experienced knowledge and advice on such issues as Chapter 7 bankruptcy and foreclosure, there are no “quick fixes” these days. However the Matrix Law Firm’s Bankruptcy Lawyers, you can administer a sophisticated debt relief strategy to your debt problems. Our California bankruptcy attorney team is standing by, waiting to discuss your specific situation with you today.
Chapter 13 Bankruptcy and Secured Debt
At the Matrix Law Firm’s Bankruptcy Lawyers, LLC, our skilled California bankruptcy attorney team works with people who are facing severe and mounting financial troubles. Our bankruptcy professionals understand the United States Bankruptcy Code extremely well, and they work tirelessly to find the best solution to our clients’ debt problems. Chapter 13 is the right choice for many people, especially if they have a number of assets they do not want to lose.
Secured Debt
Secured debt is any obligation protected by collateral or real property. For example, a car loan and a mortgage are both good examples of secured debt. If you fail to pay your car loan, your car gets repossessed; or, if you fail to pay your mortgage, you will face foreclosure. Secured debt cannot be extinguished during Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.
How You Can Benefit
Chapter 13 Bankruptcy does not require you to sell off your assets in order to pay off your debt. What happens is you make payments under the supervision of the bankruptcy court. Chapter 13 Bankruptcy helps you reduce what you owe, or gives you more time to make payments, so you can pay your debt in full. A California bankruptcy attorney can help you get a payment plan to pay off your part of the debt in three to five years, and keep as many of your assets as possible.
Filing for Chapter 13 Bankruptcy
People with massive secured debts can file for Chapter 13 Bankruptcy, and speaking with a qualified California bankruptcy attorney will help you both file for bankruptcy and analyze your financial situation. Here are some guidelines for people wondering if Chapter 13 is right for them:
- If your debts cannot be discharged in Chapter 7, you may be eligible for Chapter 13. This may be due in part to your income or to the type of debts you have.
- Have a property lien exceeding the value of the collateral. For example if you have a house worth $300,000, but you owe $450,000 on the house, you may be eligible for chapter 13.
- You haven’t filed your taxes in years. This could be due to having your own business, having tragic personal circumstances or some other situation.
- You intend to pay off your dues on a mortgage or a car loan. If you are having a difficult time pay off secured debt, but you want to pay it off, Chapter 13 Bankruptcy might be right for you.
Most of your assets are non-exempt, and you may lose them if you file for Chapter 7.
The Matrix Law Firm’s Bankruptcy Lawyers, LLC can sit down with you, analyze your debt problems, and help you figure out what your best debt management solutions are. For certain people, Chapter 13 Bankruptcy can be a way to keep assets while having more time to pay off debt. However, our California bankruptcy attorney team will sit down with you to discuss what solution fits you the best. Our years of experience and successful track record will be a major asset is examining your situation.
Contact the Matrix Law Firm’s Bankruptcy Lawyers, LLC today.
The Truth about Bankruptcy
At the Matrix Law Firm’s Bankruptcy Lawyers, , we do our best to not only represent people involved in bankruptcy proceedings, but we strive to educate people considering bankruptcy as well. Many people think bankruptcy is just what you do when you’ve gone completely broke.
In truth, bankruptcy is a complex process that a qualified California bankruptcy attorney can help you with. Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors.
Below is a list of myths and facts about bankruptcy which could help you make your decision to file for bankruptcy.
Myth 1 – If I declare bankruptcy, I will not be able to buy a house, a car or be eligible for credit cards.
Truth – In most cases, you can qualify for those things even if you have filed for bankruptcy. An experienced California bankruptcy attorney will advise you of all your options, but you can often finance a house, finance a car and obtain credit cards all within a relatively short period of time.
Myth 2 – If I file for bankruptcy, I will be discriminated against and humiliated.
Truth – Federal law makes it ILLEGAL for anyone to discriminate against you because of a bankruptcy. While filing for bankruptcy is public record, it will take quite a while for anyone other than your creditors to know about it. If you are concerned that you will be, or have been, discriminated due to a bankruptcy filing, contact the California bankruptcy attorney team at the Matrix Law Firm’s Bankruptcy Lawyers, and they will not only inform you of your rights, but take proper action if appropriate.
Myth 3 – The new federal bankruptcy laws prevent the average person from declaring bankruptcy.
Truth – The new laws have actually cleared the path for you to declare bankruptcy. Many people were made aware that the United States Bankruptcy Code was altered under former President George W. Bush, but few people understand exactly how it was changed. An experienced, knowledgeable California bankruptcy attorney can explain the laws to you and how those changes actually impact your particular situation.
Myth 4 – If I file for bankruptcy, I will have to forfeit all of my possessions, including my house and my car.
Truth – If you can stay current on your car payment and your mortgage, you may be able to keep both your house and your car. Obviously the details of each bankruptcy will have different consequences, but a skilled California bankruptcy attorney can work with you to protect your assets and your possessions to the maximum extent possible.
Myth 5 – If I file for bankruptcy, it will lower my credit score.
Truth – With an effective California bankruptcy attorney working on your bankruptcy case, your credit score might actually go up. In fact, many of our clients experience a higher credit score after bankruptcy.
As you can see, there are many myths floating around regarding bankruptcy law. Without a qualified, knowledgeable California bankruptcy attorney, may suffer the consequences of operating on these false assumptions.
At the Matrix Law Firm’s Bankruptcy Lawyers, our skilled team of bankruptcy professionals will walk you through the bankruptcy process from start to finish.
