If you are behind on credit card bills, struggling with an underwater mortgage, or behind on car payments, you may feel like you are slipping deeper and deeper into debt. Being in debt can be stressful and overwhelming, but it is important to remember that there are legal avenues, including bankruptcy, that can help you to reduce debt and get a fresh start.
Bankruptcy exists specifically to help individuals in your situation get a fresh start and put a realistic plan in place for a brighter financial future.
If you are struggling with debt, contact an experienced bankruptcy lawyer in Castro Valley, California to find out if bankruptcy can help you. Melanie Tavare has years of experience helping members of the Castro Valley community get relief from their debts in bankruptcy.
Many people may think that filing for bankruptcy is a long, drawn-out process that can take years. However, most debtors need help now, not years in the future. In fact in most situations, there are some automatic benefits to filing.
This perception of bankruptcy is not entirely accurate – different types of bankruptcy work in different ways. For example, Chapter 7 Bankruptcy is relatively quick to complete, and in some cases the entire bankruptcy process can be as quick as three to six months. For debtors who need help even faster, bankruptcy also has an automatic stay protection. This automatic stay takes effect immediately, and can help to prevent a home foreclosure, car repossession, or creditor harassment.
If you are looking for debt relief, it is important to contact an experienced legal professional. A Bankruptcy Attorney in Castro Valley can listen to your situation, help to outline your options, and advise you on the best course of action.
Chapter 7 and Chapter 13 Bankruptcy are two options that are available to residents of Castro Valley.
Chapter 7 Bankruptcy is a type of liquidation bankruptcy. In Chapter 7, a debtor is able to wipe away most of their unsecured debt by selling their non-exempt assets. However, debtors are often able to use California’s system of property exemptions to protect some assets like their house, car, and retirement savings.
In Chapter 13 Bankruptcy, debtors restructure their debt by coming up with a three-year or five-year repayment plan for part of their debt. After the payment plan is complete, most remaining unsecured debts are wiped away.
If you are overwhelmed with debt, don’t wait – contact an experienced bankruptcy lawyer in Castro Valley. The Law Offices of Melanie Tavare are proud to work with residents in the Castro Valley community and advise them about the bankruptcy process. If you are interested in finding out how if we can help you, contact us online or call at 510-255-4646.
The Law Offices of Melanie Tavare are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Receive a Windfall While in Bankruptcy