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Sun Valley Bankruptcy Attorney

Sun Valley consumers and business owners are not immune to market fluctuations or to random and unforeseen incidents that can suddenly disrupt their lives. A serious accident or illness can result in loss of a job or result in overwhelming medical expenses or loss of revenue for a business. If your struggle seems to have no end in sight, call a Sun Valley bankruptcy attorney at (888) 754-9877.

An experienced and empathetic Sun Valley bankruptcy attorney can help turn things around for you or your business. If you have consumer debt, discharge it in a Chapter 7. A business that can no longer stay in business can have an orderly liquidation. A Sun Valley bankruptcy attorney will evaluate your personal assets to see if exemptions apply and in what amount.

A Sun Valley bankruptcy attorney can determine if Chapter 13 is more appropriate or available for your financial circumstances. This is a repayment process whereby you pay off creditors over a set period while retaining all your assets.

Chapter 11 should only be handled by an experienced Sun Valley bankruptcy attorney. This is a lengthy and complex process of repaying creditors and restructuring your Sun Valley business. Some individuals can file under this chapter as well.

Do not hesitate to call a Sun Valley bankruptcy lawyer with any questions to see if bankruptcy can work for you.

Chapter 7 Bankruptcy

Yes, a Chapter 7 can wipe out credit card, medical bills, department store and personal loan liabilities but you have to qualify. A Chapter 7 Bankruptcy Lawyer compares your income and household size to the state median. If too high, your disposable income can still qualify you if low enough.

Take a credit counseling class arranged by your Chapter 7 Bankruptcy Lawyer before he or she files schedules listing your liabilities, value of assets, household expenses and executory contracts. Them you and your Chapter 7 Bankruptcy Lawyer meet with a trustee to review your petition.

Any secured debt can be reaffirmed if protected by an exemption or you can surrender the collateral and walk away, or redeem it if the property is protected by an exemption. Talk to your Chapter 7 Bankruptcy Lawyer about these options.

Most Chapter 7 cases are discharged 4 to 6 months after filing. If you are a business, see your Sun Valley bankruptcy lawyer since many businesses must cease operating and surrender assets.

Chapter 13 Bankruptcy

Ineligible for Chapter 7 or have too much equity in non-exempt assets? Behind on your Sun Valley mortgage, car payments, student loan or child support? See a Chapter 13 Bankruptcy Attorney about your eligibility and ability to repay these and other debts over a 3 or 5 year period. A Chapter 13 Bankruptcy Attorney files a repayment plan based on your disposable income and ability to pay off these debts. Secured creditors with priority such as mortgages, employee wages and support payments are paid off first.

If you have a junior lien on a mortgage, talk to a Chapter 13 Bankruptcy Attorney about how to strip the lien when your plan is concluded and have it discharged.

Chapter 11 Bankruptcy

Talk to a Chapter 11 Bankruptcy Lawyer to see if your corporation or partnership can use this protection to get it back on track. A Chapter 11 Bankruptcy Lawyer files a disclosure statement informing creditors about how your Sun Valley LLC, corporation or partnership plans on paying them back while regaining solvency.

Within 4 months, or later in some cases, your Sun Valley bankruptcy lawyer files a reorganization plan that categorizes creditors into classes. Those who will not be repaid in full vote on confirmation of the plan.

If confirmed, the business remains operational. Major restructuring decisions must be court- approved such as shutting down or expanding some operations, breaking leases and contracts and entering into new ones and other strategies. Your Sun Valley bankruptcy lawyer files progress reports and deals with creditor concerns.

Small businesses and some individuals ineligible to file under Chapter 7 or 12 may file as well.

Consult a Sun Valley bankruptcy lawyer at 888-888- 888 to discuss all available options for you and see how we may help.

Sun Valley CA 83353
(888) 754-9877