Planning to File Bankruptcy in California?
If you are seasonably employed, self-employed or working on reduced wages, you need to take time to understand the full impact a bankruptcy filing will have on your financial outlook. If you have equity in your home (your home is worth more than you owe), you may benefit from filing Chapter 13 bankruptcy — even if you qualify for Chapter 7 — to protect it from sale by the bankruptcy court. Or, if you are behind on payments, you can hold off foreclosure while you slowly catch up what you are behind. This can often be done for car payments too. Also, if you have a second mortgage, there are circumstances where a Chapter 13 can “strip” a second mortgage.
These are just a few situations where the input of an experienced lawyer is essential to protect your overall interests when filing bankruptcy. When you need qualified assistance in bankruptcy planning, you can contact The Winter Law Group. We help people from all walks of life in Fresno, California, and throughout the Central Valley seeking debt relief.