Orange County Bankruptcy Attorney
California Bankruptcy Information
Facing crushing debt is an extremely stressful situation, and most individuals dealing with serious financial trouble feel trapped and overwhelmed with worry. They may be getting creditor calls and threatening letters on a daily basis, increasing the stress and anxiety. Juggling payments and never getting ahead is a common situation. In these cases, filing for bankruptcy could be the solution that will provide you with the relief that you need, and the opportunity to get a fresh start.
Bankruptcy Lawyer in Orange County, CA
The federal government has passed laws that protect you and give you a chance to turn around your financial troubles. Bankruptcy filings are very common in the current economic climate, and literally thousands of individuals and businesses are taking advantage of the opportunity to start over through the use of a bankruptcy filing. If you are considering filing for bankruptcy, it is vital that you get legal assistance from an Orange County bankruptcy attorney. With the assistance of a bankruptcy lawyer from the Law Offices of Joseph M. Tosti, you can get the help you need to solve your financial troubles. You need answers. How should you choose your attorney? Is there any hope of stopping the creditor calls? This information is provided to you to help you in determining what to do about your debt situation:
There are several types of bankruptcies that can be used, each with specific requirements to qualify. For those who are below a certain level of income in California, they may be eligible to file for a Chapter 7 Bankruptcy. This legal procedure results in the "discharge" of debt. This can be the right thing to do if you are in a position where you cannot pay your debts. Debts that can be discharged (you will no longer owe these debts) include medical bills, other loans, credit card bills and others. There are some debts that cannot be discharged in a Chapter 7 Bankruptcy, such as child support, student loans and recent taxes. To find out if you qualify for a Chapter 7, contact the Law Offices of Joseph M. Tosti and it can quickly be determined. If you are concerned about losing your home, it is possible that something can be done about it when filing a Chapter 7 bankruptcy.
If you are not eligible for Chapter 7, a Chapter 13 bankruptcy filing may be possible. This type of bankruptcy allows you to restructure your outstanding debt and pay it off over a period of 3 - 5 years. This can be very helpful for those individuals who have gotten in over their heads financially, but have a steady job or are self-employed.
If your business is struggling and you cannot pay the outstanding bills, you may be able to file a Chapter 11 bankruptcy, which is also termed "business debt reorganization". This gives businesses the opportunity to get back on their feet and begin making a profit without having to deal with endless threatening letters and calls from unpaid vendors. For more information about Chapter 11, contact the legal team at the Law Offices of Joseph M. Tosti. The firm has 25 years experience in assisting individuals and businesses in debt relief.
Contact an Orange County, CA Bankruptcy Attorney from the Law Offices of Joseph M. Tosti if you are considering filing for bankruptcy.