Bankruptcy has become more and more common as the economy continues to struggle. Unfortunately for many Americans it is simply the only way out from under mountains of debt.
Just the thought of filing for bankruptcy can be daunting. However, you should know that bankruptcy plays an integral role in the American Capitalist system. You should know that the laws of the United States provide for consumers to file for bankruptcy.
You should know that you need not feel embarrassed or ashamed if you end up filing for bankruptcy, in fact, meeting with a qualified Yuba City Bankruptcy Attorney can help get your questions answered and can help you perform an honest evaluation of your financial reality.
Consumers typically file for bankruptcy in chapters 7 or 13. There are several other chapters available, however Chapters 7 and 13 bankruptcies are by far the most common for consumers.
Chapter 7 bankruptcy, also known as a fresh start bankruptcy, provides consumers a discharge of unsecured debts. From filing to discharge (case closing) is typically no more than 4-6 months.
Chapter 13 bankruptcy, also known as a reorganization bankruptcy, involves repayment of some or all of your debt over a period of 3-5 years (36-60 monthly payments).
The chapter that is right for you depends on your unique financial situation. Yuba City Bankruptcy Attorney Steve Gimblin has worked on hundreds of consumer bankruptcies and can help you decide if filing for bankruptcy is the right decision for you. Call today for your always free initial consultation, and Steve will review your situation and help you get started towards a fresh start today.
THE LAW OFFICE OF STEVE GIMBLIN IS A DEBT RELIEF AGENCY. THE LAW OFFICE OF STEVE GIMBLIN ASSISTS PEOPLE IN FILING FOR PROTECTION UNDER THE UNITED STATES BANKRUPTCY CODE.