Finding Debt Relief in California
Many people spend years accumulating debt before they realize they are in over their heads. In society, there is a constant flow of advertisements telling you what you need to buy to find happiness. Credit card companies thrive on the high interest rates and fees they collect when people are unable to pay their monthly bills. If job loss, medical expenses or divorce are thrown into the mix, it can be very difficult to regain control of the debt.
Over time, creditors’ harassing phone calls and letters can become overwhelming. When people reach this point, they often feel as though there is no way out.
Thankfully, that does not need to be the case
When clients contact my firm — The Law Offices of Marilyn E. Minger — they work directly with me, attorney Marilyn Minger. I help them understand appropriate types of debt relief that may be available to them; whether it be filing bankruptcy or some other strategy for debt relief. I have been practicing law since 1991, and have the experience necessary to help clients throughout Oakland and the entire San Francisco Bay Area to work toward the fresh start they need.
Chapter 7 Bankruptcy Procedure– understand your options regarding debt relief in California
Chapter 7 bankruptcy offers people a “fresh start” with respect to many of their debts. If we have evaluated your circumstances and goals, and decided that Chapter 7 bankruptcy is your best option, we will need to file with the court a petition and schedules detailing your financial affairs and recent financial transactions. Within about 30 days of filing the petition you will have to attend a meeting of creditors. The meeting of creditors is an administrative hearing, which is held before a trustee and not before a judge.
If you own property worth more than your allowable exemptions (which can be significant, especially in this economy), the bankruptcy trustee will sell that property, give you cash for your exemptions, and give the rest of the proceeds to your creditors. If you are intending to keep your property when filing a Chapter 7 bankruptcy, you must be current with your payments on that property.
When the process is complete, often about 90 days after filing the petition, most of your debts will be forgiven, and you can finally regain control of your finances.
Personal Service From a Cost-Effective Experienced Attorney
I help clients throughout Oakland and the entire San Francisco Bay Area resolve bankruptcy, probate & estate matters.
We are a debt relief agency helping people file for bankruptcy relief under the Bankruptcy Code.