Concerning Discharging Debts in Orange County

Orange County Debt Discharge Attorney

For individuals, couples and corporations who find themselves in an untenable financial situation bankruptcy is a legal tool which can offer great relief through the discharging of debts.  Not all debtors qualify, nor can all debts be discharged in a liquidation bankruptcy.  Debtors must qualify through a means test for this type bankruptcy.  If qualified, the assets of the debtors filing Chapter 7 are liquidated and the proceeds distributed to the creditors.  An Orange County bankruptcy attorney can answer specific questions concerning your unique situation and offer workable solutions to you.

Debt Discharge Lawyer in Orange County

In the case of debts which are secured, such as a lien or a mortgage secured by the property or a car loan secured by the vehicle, the lender can recover the property (the home or the vehicle or other property).  Purchases from stores using a store credit card may allow the creditor to repossess the items purchased.  Many debts can be discharged in Chapter 7, Chapter 11, and Chapter 13, but each is approached and resolved differently.  Debts which cannot be discharged include:

• Unscheduled debts
• Debts resulting from fraud false pretenses or false representation
• Trust fund taxes, such as payroll taxes
• Fines and penalties owed to government entities
• Judgments arising out of wrongful death or personal injury suits based on being intoxicated while operating an aircraft, vessel or motor vehicle.
• Child support or spousal support
• Other debts which are non dischargeable under other laws
• Student loans may be dischargeable only under certain circumstances

In a financial crisis it is vital that you provide full information to your bankruptcy lawyer to ensure that all possible debts are included and non are overlooked in error before deciding to begin a bankruptcy filing.

Our legal team is committed to assisting clients to obtain a fresh start.  In order to achieve the best possible result, it is vital that you work from a carefully planned strategy.  Your bankruptcy lawyer at our firm is skilled in many different methods of helping clients regain control of their finances and can assist you in selecting the most effective strategy for your unique circumstances.  Call the Law Offices of Joseph M. Tosti for a consultation as soon as possible.

Contact an Orange County bankruptcy attorney at our firm for assistance and valuable advice.