Filing For Chapter 7 In Bakersfield

Chapter 7 bankruptcy is a proven way to move past serious financial problems. Filing for bankruptcy is an important decision that should not be made lightly, however. When you have a skilled, experienced bankruptcy attorney on your side, you can move confidently toward financial freedom.

I am Bakersfield lawyer Steven Stanley. Since 1990, I have dedicated my career to bankruptcy law. Over the years, I have filed thousands of bankruptcies for people across California. If you are thinking about filing for Chapter 7 in Bakersfield or the surrounding areas, I can provide the guidance you need. At my law firm, I will give you the facts about bankruptcy, and how your life will change following your bankruptcy.

Kern County Consumer Bankruptcy Attorney Serving Central California

Eligibility for Chapter 7 is based on the means test. The means test has two parts. If you can show that your income over the last six months was less than your state's median income, you pass the means test and can file Chapter 7. Even if your income is greater than the median income, you may still be eligible to pass the means test based on your expenses and your disposable income.

In a Chapter 7 bankruptcy, you will be able to claim many, or potentially all, of your assets as exempt. Any nonexempt assets will be liquidated, or sold, to pay your creditors. Most of my clients are able to keep all of their property in bankruptcy. With this said, I will look very closely at your assets to determine whether you could lose any of your assets in a Chapter 7 filing.

When you file bankruptcy, the automatic stay will begin, preventing your creditors from pursuing your debts. After we file your bankruptcy petition, you will have to attend what is known as the Meeting of Creditors. In this meeting, your creditors will have the chance to ask you questions about your finances. As a practical matter, few if any creditors attend this meeting. I will be at your side the entire time.

If all goes as planned, sometime after the Meeting of Creditors, you will receive your bankruptcy discharge. Once your debts are discharged, you will have no obligation to pay them. Chapter 7 bankruptcy can discharge credit card debts, medical bills and a number of other debts. Chapter 7 bankruptcy does not discharge many types of tax debts, child support or alimony debts, or student loans in most cases. Before we file your bankruptcy, I will look closely at your debts to see if Chapter 7 will provide the relief you need. Every step I take in your case will be geared toward helping you get a fresh start.

Contact The Law Office Of Steven M. Stanley

Call 661-578-5149 or email my law firm to schedule your free initial consultation. Se habla español.

The Law Office of Steven M. Stanley is a debt relief agency that helps people file for relief under the Bankruptcy Code.