 Carlsbad Bankruptcy Attorney Law Firm is #1 in my book. They are great. If it weren't for them, we would have lost our home. I am glad that he's an honest attorney and will tell you the truth. We think about him a lot when we think about what he's done for us. - Charles Vitug, Carlsbad, CA  Can Bankruptcy Only Be Applied to Credit Card Debt? Can you declare bankruptcy on just your credit card debt? The short answer yes. The long answer well, keep reading the rest of the article. Before 2005 you would be able to discharge on your credit cards without any consequence from your lenders... |
Process & Timeline - 760-486-2689
Carlsbad Bankruptcy Lawyer @ Carlsbad Bankruptcy Attorney Law Firm
Many people are uninformed or misinformed about the bankruptcy process and timeline. At Carlsbad Bankruptcy Attorney Law Firm, we have helped hundreds of people achieve debt relief through bankruptcy. If you have questions about filing personal bankruptcy, read the information below or contact a Carlsbad, personal bankruptcy lawyer from our firm.
The Bankruptcy Process and Timeline
- Meeting with an attorney — In an initial consultation, your attorney will explain the bankruptcy process, timeline, and what to expect. It is important to bring financial documents and additional information to this initial consultation.
- Determining which type of bankruptcy to file — Now it is important to determine which type of bankruptcy is right for you: Chapter 7 bankruptcy or Chapter 13 bankruptcy. Eligibility for Chapter 7 bankruptcy is determined through a means test.
- Gathering information — Financial information such as tax returns, pay stubs, mortgage documentation, and more will be needed.
- Preparing to file bankruptcy — Once all the information is gathered and documents have been reviewed, bankruptcy paperwork is filed. Debtors are required to complete credit counseling in order to complete the bankruptcy process.
- Automatic stay goes into effect — Once bankruptcy is filed, an automatic stay goes into effect, which requires creditors to stop all collection actions against a debtor.
- 341 meeting — The 341 meeting (the meeting of creditors) takes place around a month after bankruptcy has been filed. The goal of this meeting determines that the debtor has listed all assets and liabilities and completed the bankruptcy petition correctly, and that creditors have all the information they need about the debtor's financial situation.
The time it takes between filing bankruptcy and when debt is actually discharged varies between Chapter 7 and Chapter 13 bankruptcy. Generally, debt is liquidated in three-to-five months after filing Chapter 7 bankruptcy. In Chapter 13 bankruptcy, a repayment plan is established which lasts between three-to-five years.
Contact Carlsbad Bankruptcy Attorney Law Firm Today - Free Consultation
Call 760-486-2689 or send us an e-mail to learn more about how we can help you. The hiring of a lawyer is an important decision that should not be solely upon advertisements. Before you decide, ask us to send you free, written information about our qualifications and experience. Carlsbad Bankruptcy Attorney Law Firm are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
