Bankruptcy Information

Orange County Bankruptcy Attorney

Bankruptcy law was enacted by the federal legislature in recognition that responsible people sometimes face overwhelming odds despite their best intentions.  This is even truer now than ever before. Accidents, illness, sudden shifts in business trends and other unpredicted events can change one's financial situation very quickly.  Throughout the history of this country, people from all economic sectors as well as small businesses and large corporations have sought relief from the pressures from creditors through bankruptcy.  If you find yourself struggling week to week trying to meet your obligations with no concrete hope in sight talk to an Orange County bankruptcy attorney who is creative and can offer real solutions based on your specific situation. We can help you understand your personal financial situation with regard to discharging debts, to stop foreclosures, stop garnishments, discharge taxes, stop creditor harassment, stop lawsuits, about your credit, and what bankruptcy chapter is right for you.

Bankruptcy Lawyer in Orange County

There are different types of bankruptcy available as a means of relief depending upon your circumstances.  Chapter 7, often called the liquidation bankruptcy, is the fastest remedy wherein the debtor's assets are liquidated by through the court and the proceeds are distributed among the creditors.  This ends all of the obligations for those debts.  There are some debts which are excluded as described in Discharging Debts.  Chapter 11 is used by businesses to reorganize business debt.  Chapter 13 is used for the reorganization of personal debt and is available to individuals with regular income.   Chapter 12 specifically applies to family farmers or fishermen with regular annual (or seasonal) income for debt reorganization.  These remedies allow the debtor to make payments on debts for a period of time to resolve the situation and give the debtor a fresh start at the end of the program.  A skilled bankruptcy lawyer with our firm assists individuals and businesses to select the method best suited to their needs.

Each client's situation, resources and needs are different.  When bankruptcy is not the best solution, an experienced bankruptcy lawyer at our firm can offer a number of alternatives specifically tailored to meet individual needs.  When you want relief call the Law Offices of Joseph M. Tosti to arrange a consultation.

Contact an Orange County bankruptcy attorney at our firm for help in getting relief from creditor demands.