Determining whether to file bankruptcy in Sacramento involves the application of credit and debt law to the particular consumer or small business.  Bankruptcy is often considered because of the following advantages:  certain debts are discharged, lienstripping is sometimes available in a Chapter 13 or Chapter 11, an automatic stay offers protection against creditors and may stop their collection efforts for a certain period of time.  In addition those individuals who qualify for bankruptcy may exempt a valuable property up to a certain dollar amount and prevent creditors from seizing it.

For Sacramento businesses, some that have failed or others that need to reorganize, debt issues may stand in the way of proceeding with a successful business or moving on from an unprofitable one.  The bankruptcy laws offer certain owners and businesses solutions to eliminate unsecured debt, lower monthly payments, and sometime reduce principle on secured debt.

Contact us to schedule your free initial consultation to find out how we can help you.