Bankruptcy Lawyer with offices in Hayward, California
Nestled in the East Bay area, Hayward, California is the largest community in Alameda County. It is now home to nearly 150,000 California residents.
Like communities across the state, residents of Hayward work hard, raise families, and attempt to enjoy all that the local community has to offer. But just like everywhere else, unexpected events often strike, placing local families in difficult financial corners. Caused by unexpected work layoffs, sudden medical issues, and everything in between, some local residents are struggling to meet their obligations. While it may feel hopeless when bills come due and there is no money to pay for them, it is important to remember that you have options. The law provides various tools for struggling residents to get out from debt.
At the Law Offices of Melanie Tavare our experienced bankruptcy lawyers are proud to provide helpful legal counsel and advocacy for residents throughout the region. Everyone deserves a fresh start in the wake of financial struggles, and for years our team has helped pave the way for Hayward residents to get back on their feet and craft a feasible plan for a sound future.
There is a misguided notion that contacting a bankruptcy lawyer means that you have hit rock bottom or are giving up on your financial future. In reality, the opposite is true. Not only does bankruptcy not dictate everything about your future, but in many cases seeking this legal protection is the most prudent step you can take to ensure a healthy financial outlook.
Under the law, a bankruptcy is intended as a compromise to help both the individual with unsustainable debt as well as creditors. Having bills pile up that cannot be satisfied does not serve the debtor or the one who is owed money. By working through bankruptcy, an individual is able to be released from most debt and those owed money are able to recover at least some of what they are owed.
For more information about how to take advantage of these opportunities in this area, please reach out to our attorneys today. A lawyer will explain the specific options that make the most sense in your particular case.
Not all bankruptcies are the same. The law provides for different options to get out from debt depending on your specific financial situation. Our team works on two of the most common types of bankruptcy, referred to as Chapter 7 and Chapter 13.
A Chapter 7 bankruptcy is perhaps the most well-known and used form of debt protection. Under Chapter 7, an individual’s unsecured debts–credit cards, medical bills–are “liquidated.” Certain assets are sold to partially pay for those debts, though you are still able to keep some exempt assets.
Conversely, a Chapter 13 bankruptcy is slightly more complex in that an outside party known as a “trustee” is appointed. The trustee works on your particular case to dole out payments to certain creditors based on your income and ability to meet those obligations. In general, Chapter 13 is better for those who still have a decent income but remain burdened by debt.
It is the job of your bankruptcy attorney to learn about the details of your situation and explain what type of bankruptcy, if any, is most feasible to protect your interests and pave the way for a more stable future.
Do not delay. Every day that you wait is another day of built up debt and increased, worry, stress, and anxiety. Contact us now to set the process in motion and taking advantage of your legal rights. Our attorneys at the Law Offices of Melanie Tavare are here to help residents in Hayward and all nearby communities. Contact us online or call at 510-255-4646.