California Bankruptcy Attorney
Bankruptcy is not a course of action to take lightly. At the Law Offices of Evan Samuelson, in Roseville, we regard every client with compassion and understanding. We do not judge or probe into the reasons behind your consideration of bankruptcy as an option. We know that many good, honest people slip financially through sequences of events not of their choosing. Many of our clients who have filed Chapter 7 or Chapter 13 bankruptcy did so after suffering setbacks such as the following:
- Layoffs, pay cuts and demotions on the job
- Medical conditions
- Divorce
- Mortgage fraud by lenders, leading to foreclosure
- Excessive use of consumer credit extended by lenders
If you or you and your spouse face overwhelming debt that you are unable to repay, you may wonder whether Chapter 7 or Chapter 13 bankruptcy is the legal solution that you need. Our lawyers are here to help you make this determination. We are prepared to give you straight advice and guide you through the process with the least amount of hassle possible.
In preparation to file bankruptcy, you will be asked to take a means test to help determine whether Chapter 7 or Chapter 13 bankruptcy is appropriate in your case.
Chapter 7 bankruptcy, known as debt discharge or liquidation bankruptcy, results in a clean financial slate. Ask us about exemptions, including your house, car, wedding rings and tools of the trade that will not be subject to inclusion in property to be liquidated.
Chapter 13 bankruptcy, known as debt reorganization, results in a repayment plan over a three- to five-year period, usually repaying only a fraction of the original debt, with reduced or eliminated interest.
Learn how bankruptcy can stop creditors' phone calls immediately, stop foreclosure through the automatic stay and position you for the debt relief that you need. Contact us at our Roseville office to schedule a free initial consultation.
