Emeryville, California Bankruptcy Lawyers
Anyone can lose control of their finances, whether it is because they lost a job, had a medical emergency, or accumulated too much credit card debt. Dealing with the constant demands of creditors and the threat of a home foreclosure or car repossession can be a stressful experience. However, it is important to remember that there are options to obtain debt relief. Filing for bankruptcy is one way that a debtor can quickly eliminate much of their unsecured debt.
If you are considering filing for bankruptcy, it is important to contact an experienced bankruptcy attorney in the Emeryville area. The Law Offices of Melanie Tavare have years of experience counseling debtors about whether bankruptcy is a good option for them. We are here to serve as advocates for residents of Emeryville, California and the surrounding area.
Filing for bankruptcy can provide immediate debt relief. Although the bankruptcy process usually takes at least several months, bankruptcy’s automatic stay takes effect immediately upon filing. The automatic stay can prevent the constant harassment by creditors, and can stop an imminent home foreclosure or car repossession in its tracks.
Whether filing for bankruptcy is the right option depends on the specifics of each case. There are many important factors, such as a debtor’s amount of debt, type of debt, income, and the assets that they wish to protect. Fortunately, bankruptcy is a fairly flexible process in that a debtor will often be able to choose between different types of bankruptcy and choose between different systems of property exemptions.
The Law Offices of Melanie Tavare has experience helping debtors in the Emeryville area with both Chapter 7 and Chapter 13 Bankruptcy.
Chapter 7 Bankruptcy is a type of liquidation bankruptcy. This means that a debtor liquidates or sells all of their non-exempt assets. In return, all of their unsecured debt will be forgiven in bankruptcy. An experienced bankruptcy attorney will be able to discuss with you how you can use California’s system of property exemptions to protect those assets that are most important to you.
Unlike Chapter 7, Chapter 13 Bankruptcy requires a debtor to pay back some of their debts through a repayment plan. The debtor makes payments over a period of time. After successful complete, the unsecured debts that remain are wiped away. Chapter 13 Bankruptcy is typically a better choice for individuals who have higher income or a greater number of assets.
If you are struggling with debt and need a fresh start, bankruptcy is an important option to consider. The first step is to contact an experienced bankruptcy attorney in the Emeryville area. You can contact the Law Offices of Melanie Tavare online or by calling us at 510-255-4646. We are available to listen to your situation and discuss the options that are available to you.
The Law Offices of Melanie Tavare are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.