All About Bankruptcy – Lawyers Helping San Diego Residents Resolve Their Debt
In today's credit driven society, consumers can easily fall into the vicious cycle of debt. If you lose your job or have unexpected medical bills, the situation can get much worse. Under such circumstances, bankruptcy may be part of the solution. Filing for bankruptcy can allow you to keep valuable assets and discharge much of your debt. If you are burdened with seemingly insurmountable debt, Kerry Steigerwalt's Pacific Law Center in San Diego can help. Whether you already know you want to file bankruptcy or are still exploring your options, a bankruptcy lawyer from our firm can help you choose the right financial path.
Which Bankruptcy Chapter is Right for Me?
When considering bankruptcy to resolve your debt, it is important to understand which chapter will help you best achieve your goals.
Types of Bankruptcy
Chapter 7
The most common form of consumer bankruptcy is Chapter 7 Liquidation. Chapter 7 bankruptcy is ideal for individuals with smaller amounts of debt and little valuable property. Chapter 7 often enables filers to discharge most of their debt, some types of debt such as taxes owed and property mortgages are exceptions.
Chapter 13
The Chapter 13 Wage Earner Plan is usually the best option for debtors who would like to keep most of their property and are willing to repay creditors (to the extent possible) over the next 3-5 years.
Filing for Bankruptcy
Filing for bankruptcy can be a complex process. At our law firm in San Diego an experienced bankruptcy lawyer can help to maximize the assets you keep and the amount of debt discharged. Learn more about the process of filing for bankruptcy with the help of a San Diego attorney from Kerry Steigerwalt's Pacific Law Center.
Bankruptcy Laws
Understanding bankruptcy laws will help you learn more about the type of bankruptcy or bankruptcy alternative that is right for you. A new federal bankruptcy law passed a few years ago, called The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 makes it more difficult for consumers to discharge their debt, however our experienced San Diego bankruptcy attorneys can still help you.
Bankruptcy Alternatives – Debt Consolidation and Negotiation
Even if it seems like your debt is overwhelming, bankruptcy may not be the best option for you. At Kerry Steigerwalt's Pacific Law Center in San Diego we offer debt consolidation and debt negotiation services to help you avoid filing for bankruptcy. Undergo a thorough financial evaluation, and let our San Diego attorneys guide you through the process of resolving your debt.
Save Your Home from Foreclosure
Filing for bankruptcy with the help of our San Diego bankruptcy lawyers can save your home from foreclosure and allow you to begin taking control of your finances. Our full service law firm has all of the resources and experience to help you navigate the smartest course for saving your home and assets.
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Kerry Steigerwalt's Pacific Law Center
3636 Nobel Drive
Suite #475
San Diego CA 92122