During your initial consultation with a bankruptcy attorney, after your financial situation has been evaluated, the attorney will discuss the suitability and benefits of filing a Chapter 7 or Chapter 13 bankruptcy.
If you are an individual with relatively few assets and most of your debt is unsecured, filing a Chapter 7 bankruptcy would be in your best interests.
On the other hand, if you are a high income individual or have substantial assets which you want to protect or want to restructure the repayment of secured debts over time, a Chapter 13 bankruptcy would be more appropriate.
For more information on consumer bankruptcy, please visit the following links:
Chapter 7 Bankruptcy (Liquidation)
Chapter 13 Bankruptcy (Reorganization)
The Southern California Legal Group offers free initial consultations to individuals and families who are struggling financially and seek relief afforded by the Bankruptcy Code.
Whether you are contemplating filing for bankruptcy or have received a foreclosure notice and are having difficulty with creditors, you want to get past difficult times and get the fresh start you need.