Murrieta Bankruptcy Lawyer
Have you been dealing with tremendous debt, and aren’t sure of what your next steps can be? Are you facing collection lawsuits, creditor harassment, and other conflicts stemming from debt? Bankruptcy can be an option many look into to ease their debt, but you may not be sure if it works for you. Work with a local Murrieta bankruptcy attorney to determine if bankruptcy can be the right step for you to take as an individual or business. The Law Offices of Marc Duxbury is a law firm that can help filing for bankruptcy, and we are a premier legal team many clients can trust.
Why do Murrieta residents turn to us when they need a bankruptcy attorney who is knowledgeable about bankruptcy and can provide them the legal advice they need? If you want to learn about how to file for bankruptcy, working with a bankruptcy attorney in Murrieta should be the first step you take. At The Law Offices of Marc Duxbury our team of attorneys will always see your case from start to finish, and we have the experience of handling over thousands of cases pertaining to bankruptcy.
We know filing for bankruptcy can signal a great financial need, which is why a Murrieta bankruptcy lawyer from our firm will always offer cost-effective expertise. With The Law Offices of Marc Duxbury, you’re guaranteed the big firm experience within a reasonable price frame. There’s no need to delay having to wait to talk to a legal expert about your financial situation. What can our legal team do for you today?
You may not be completely sure about how the bankruptcy filing process goes about. Don’t worry, our legal team can offer you support as you go about the next steps in the filing process. This is what the process will look like when you work with a bankruptcy lawyer in Murrieta from our distinguished law firm:
The first step is to, of course, schedule a consultation with one of our expert bankruptcy attorneys.
During consultation, your financial situation will be thoroughly examined by a dedicated and attentive attorney. They may ask you a series of questions to get an idea of your financial situation, such as: What debts have you acquired, why has repayment been difficult, and will you be able to repay those debts within a certain time frame? Are you currently out of work? What assets do you have? Have you received threats of legal action from creditors?
The next key step is to review your financial options with one of our attorneys. This also means exploring non-bankruptcy options, such as debt negotiation or a settlement. We will examine all financial options available to you while deciding if bankruptcy is the right choice, and which chapter of bankruptcy works for you. Bankruptcy is not always the option for everybody, but one of our professional bankruptcy attorneys can let you know.
The final step is creating a debt relief plan. Taking the step to filing for bankruptcy may be a part of this plan. If you are dealing with a number of conflicts from debt, such as wage garnishment, repossession, liens, and creditor harassment, our attorneys can offer legal representation in the event of any of these problems and other collection lawsuits. If you are also looking for a divorce bankruptcy attorney because you and your soon-to-be ex spouse are looking into options for filing for bankruptcy jointly, one of our Murrieta attorneys can provide guidance as well.
Bankruptcy chapters are the types of bankruptcy plans you can qualify for when formally going bankrupt. Working with a Murrieta bankruptcy lawyer from our law firm can help you find out which chapter fits your current situation the most. The most common bankruptcy chapters you can file for include:
Chapter 7 bankruptcy consists of a court-appointed trustee liquidating all of the debtor’s nonexempt property (as a debtor, you can file the motion to exempt some assets such as: houses, cars, life insurance, etc.) and sending funds acquired to the creditors. Chapter 7 bankruptcy is a low cost bankruptcy, which is beneficial if you have lost your main source of income or unable to repay debts within a certain timeframe. Some charges left after liquidation of assets may end up getting discharged.
Chapter 11 bankruptcy, which also encompasses corporate bankruptcy, is filed by businesses or individual business owners who want to keep their business open and operating during the repayment process. The business compiles a payment plan that is court-approved and supervised by a court-appointed trustee. This business bankruptcy chapter can allow for businesses to stay open while reducing assets and other finances for payment. This chapter of bankruptcy is also known as a reorganization chapter, as it allows businesses to structure their finances and assets while not completely shutting down.
Chapter 13 bankruptcy allows people to repay a large portion of their debt within a time frame of about 3-5 years. This repayment usually follows a court-approved plan as well. While in this chapter, collectors of debts are deemed unable to attempt full collection, which can give many a break from creditor harassment and other pending collection lawsuits. To qualify for chapter 13 bankruptcy, you must prove you are working with a steady stream of income.
You don’t have to go through the intimidating process of filing for bankruptcy on your own. The Law Offices of Marc Duxbury is a well-known Murrieta law firm that can connect you with a trusted and skilled bankruptcy attorney. Contact us to get started on booking your consultation, and take a step toward possible debt relief.