Rancho Cucamonga Bankruptcy Attorney

Need help with your creditors?

It is a difficult economic time we live in, with many families suffering from overwhelming debt brought about by conditions beyond their control. If your family is going through this, contacting a Rancho Cucamonga bankruptcy attorney to guide you through a solution to your debt worries should be one of your first steps to debt relief. In discussing your current financial situation and your concerns with an experienced lawyer, you can find out what can be done about it. You may be surprised to find that you have more options than you originally thought, or that you can resolve all of your problems in a relatively short amount of time. Imagine finally being able to answer the phone without worrying that an angry debt collector is on the other end. Imagine being able to save your home even though you have been threatened with foreclosure. Bankruptcy is a powerful tool when properly administered, and a lawyer who is experienced and trustworthy can help you experience all of the benefits that this form of debt relief may have to offer you.

Most people file bankruptcy due to one or a combination of loss of employment, divorce, medical expenses, the failure of a business, an accident leading to serious injuries, increased interest rates or a foreclosure. Most of the time, the need to file bankruptcy does not arise from irresponsibility but simply from the unexpected, which is unfortunately a part of life. There is nothing wrong with experiencing relief through bankruptcy; these laws were created to help hardworking people just like you get out of debt. If you are facing the consequences of any of these, contacting Cho, Sheasby, Chung & Ignacio, LLP, will help you get on the road to financial freedom.

While bankruptcy is not for everyone, many find that is solves the problems they are facing that they have been unable to resolve. Our firm will sit down with you to discuss your personal financial situation in a free initial consultation and answer your questions. Some of the solutions that can be used for debt relief include bankruptcy filings such as Chapter 7 and Chapter 13. These are common tools used to eliminate your debt, and handle debt collection harassment. Chapter 13 bankruptcy may even allow you to save your home from foreclosure. Find out why you should hire a bankruptcy attorney and learn more about the means test, bankruptcy process, bankruptcy myths, life after bankruptcy, and loan modifications if you are facing foreclosure.

Filing for Bankruptcy: Chapter 7 vs. Chapter 13

If you have been struggling financially, you understand that bankruptcy, abusive creditors and possibly home foreclosure may be in the near future. However, with help from a seasoned Rancho Cucamonga bankruptcy lawyer, you can gain access to information and valuable knowledge regarding bankruptcy and debt relief processes that can actually benefit your family's financial situation in the long run. While bankruptcy has gained a negative reputation over the years, it is actually a completely legal process that can be extremely helpful to you and your family.

Chapter 7 bankruptcy is a process that allows you to successfully eliminate a large portion of your debt in a timely manner. By liquidating some of your assets and using them as payment to creditors, your debt will soon disappear and you will be living a debt-free lifestyle. Chapter 13 bankruptcy, on the other hand, allows you to keep most of your possessions and pay back your debt over a three to five year period. When working with a bankruptcy attorney, you will be able to determine which chapter of bankruptcy you qualify for and how you can relieve your debt.

Chapter 7 Bankruptcy Cases in Rancho Cucamonga

When making the decision to file for bankruptcy, there are several options that you will have as a consumer in debt. You may choose to file for Chapter 7 or 13 bankruptcy, two of the most commonly filed bankruptcy petitions in the country due to their excellence and success rate. With a Rancho Cucamonga bankruptcy attorney, you can determine which chapter of bankruptcy is right for you, or if bankruptcy is the right decision altogether. First, to find out if you qualify for Chapter 7 bankruptcy, you must take the means test. The means test, a simple test that compares your income to the median income in the state of California, will reveal your eligibility for Chapter 7 bankruptcy. If you do not qualify, do not worry; those who do not qualify for Chapter 7 are likely able to file for Chapter 13. To learn more about Chapter 7 bankruptcy in Rancho Cucamonga, please click here.

What You Can Gain by Filing For Bankruptcy

What do you stand to gain by filing for bankruptcy? Some of the immediate gains are peace of mind from creditors constantly calling. You will also benefit from financial relief immediately after filing, as creditors must stop all collection actions upon filing. This allows you to gain a fresh start in life, freeing you from the worry and stress you have been under.

Filing for bankruptcy allows you to stop foreclosure, wage garnishment, collection actions, repossessions, and lawsuits. It also helps eliminate credit card debt, medical bills, utility bills, personal loans, junior liens on property and deficiency judgments.

Let our experienced legal team work for you and help you get back onto a stable financial footing. There are solutions for debt problems and we can help you determine which one is best for you. Just because you have suffered a setback does not mean you must remain in it for years. Get help now and start looking forward to your future.

Contact a Rancho Cucamonga bankruptcy lawyer when you are facing overwhelming debt and need debt relief.

We are proud to serve clients throughout San Bernardino County and the surrounding areas, including Fontana, Chino, Ontario, and Upland.