Are you worried about paying your bills at the end of the month? Do you fear the bank will foreclose on your home or repossess your car? Getting yet another call or knock on the door from a debt collector is enough to make anyone feel anxious.
In short, if you are overwhelmed by the burden of debt, it’s time to speak with a bankruptcy law firm about lifting that weight off your shoulders. We at Wells, Call, Clark, Bennett & Clawson believe no one deserves to drown in debt. If you are in the middle of a financial crisis, our bankruptcy attorney can offer a life preserver to keep your head above water.
Contact us today for a free consultation. We serve clients in Richmond, Fairfield, San Pablo, Dixon, El Cerrito, Hercules, Napa, Pinole, Vacaville, Vallejo, and Woodland, CA.
Most of the time, debt piles up due to unforeseen events that resulted in lost income or increased expenses. You may decide it’s time to contact a bankruptcy lawyer in Northern California if you’re facing any of the following:
If you’re facing any of the above situations, bankruptcy might be a viable option for you. Contact Wells, Call, Clark, Bennett & Clawson for a free consultation.
Bankruptcy is about getting a fresh start. If you don’t see a way out of your current financial situation, consider speaking with our bankruptcy attorney in Northern California about your bankruptcy options. The two primary types of bankruptcy for individuals and businesses include:
Also known as “liquidation bankruptcy,” Chapter 7 involves selling your nonexempt assets in exchange for debt forgiveness, known as a discharge. If you are the sole proprietor of a small business, filing Chapter 7 resolves both your personal and business debts at the same time. Plus, if your business liability exceeds your personal debt, you won’t have to meet the income requirements of the Chapter 7 means test. This type of bankruptcy typically takes about six months to complete.
Rather than liquidating your property, Chapter 13 involves entering into a repayment plan with your creditors. It typically takes three to five years to complete the process, but you get to keep all of your assets. Plus, any debts that remain after the repayment period ends are wiped out. Keep in mind that only individuals can file for Chapter 13. However, if you are the sole proprietor of a small business, you can file a personal Chapter 13 to reorganize your personal and business debts.
Each chapter has advantages, disadvantages, and qualifications you must consider. Speak with our bankruptcy attorney to learn more.
If you can’t find a way to repay your debts on your own, bankruptcy could be the best way to get a fresh start. Whether you need a personal or business bankruptcy lawyer in the Napa Valley area, we can help. Every situation is unique, so the best way to get all the answers to your questions is to contact us directly. We’ll offer our expert advice about whether bankruptcy is right for you, and if so, which chapter you should file.
Don’t wait another day to begin building your personalized debt relief strategy. Contact Wells, Call, Clark, Bennett & Clawson for your free consultation today.