Helping North Valley Residents Survive Financial Difficulties
Considering bankruptcy is difficult for all of our clients. The people we work with have worked for years and decades to do everything right. They’ve worked to build a viable career, raise a family and to build a home.
Bankruptcy is a tool that was put in place to help people survive especially difficult times. Depending on your needs, your means to pay and your desire to clear your debts, there is a legal pathway to restructuring or liquidating your debt while allowing you to keep the resources you need to rebuild. Our attorneys at Anthem Law can help you review you options and rights when it comes to bankruptcy
A Plan to Help You Recover and Rebuild
Whether you are facing home foreclosure, an unmanageable medical debt, increasing interest rates that are siphoning off your savings or you are simply upside down in your home due to diminished home values, you have options when it comes to the future.
There are countless events that can seriously disrupt a family’s finances. For some, it is lost income. For others, it is too much personal debt without the resources to manage that debt. Others have suffered as a result of serious medical emergencies. Whatever the reason, it’s important to understand that you may have debt relief options.
Our lawyers work with families and individuals across all income levels and professions to inform them of their rights under personal bankruptcy protection. We can counsel, advise and guide you through the process. We will help you consider which path is the right one for you.
- Chapter 7— This liquidation strategy is available to clients below a certain income and asset threshold. To apply for Chapter 7, you must pass a means test. Clients who do so have opportunities to completely discharge eligible debt through liquidation while protecting certain key assets such as a home or car.
- Chapter 13— Chapter 13 does not eliminate debt in the same way as Chapter 7. However, it can help you significantly reduce your debt payments and creates a payment plan that is based on your ability to pay. At the end of the process, you will have a court ordered payment plan that significantly reduces your debt payments while creating a payment plan that matches your current income.
Understand Your Rights and Options
Contact our office today if you need strong, reliable and client-focused guidance on debt relief issues. We can help you end creditor harassment, foreclosure proceeding and escalating interest rates and get back on a path toward a healthy financial future.
- Overview of Chapter 7
- Overview of Chapter 13
- Bankruptcy Questions and Answers
This article will highlight some basic information on the bankruptcy basics.
- Chapter 13 Bankruptcy – What is it and why would I file? This article will highlight some basic information.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.