Limited Time Offer for Woodland, Davis, Yolo County California Bankruptcy Attorney Services:
Chapter 13 Bankruptcy – $499 down payment plus filing fee to File Case and STOP Creditors
$995 Chapter 7 Bankruptcy Attorney Fees plus Filing Fees. Payment Plan Available.
Call (916) 441-4205 for details.
If you are facing mounting debts and creditors’ threats and harassing phone calls, you need an experienced Bankruptcy Attorney to put a STOP to
- Wage Garnishment
- Car Repossession
- IRS tax levy
- Bank Account Levy
- Driver’s License Suspension
Muoi Chea is an experienced and knowledgeable Bankruptcy Attorney serving Woodland, Davis, and Yolo County, California. She has a long track record of helping consumers and business owners obtain debt relief through Chapter 7 and 13 Bankruptcy.
Consultation is FREE because you need to know what your options are. When you come to my office for a consultation, I will explain your option under the Bankruptcy Laws as well as Bankruptcy alternatives. You are under no obligation and whatever you decide, my advise to you during the consultation is free. I keep my fees reasonable because I understand that you are struggling and need debt relief. Payment Plan are available so that we can start the road to financial recovery immediately.
What are the Advantages to Chapter 7 Bankruptcy?
- You get and immediate Fresh Start by eliminating your dischargeable debt.
- The entire process last about 3-4 months.
- There is no payment plan.
- You have immediate protection against Creditors’ collection activities like Wage Garnishment (except priority debts like child support and alimony) and harassing phone calls.
- You keep wages and assets acquired after filing of Chapter 7 Bankruptcy except for inheritance and assets from marital dissolution during the 180 days after filing.
- No debt ceiling to qualify for Chapter 7 Bankruptcy.
What are the Advantages to Chapter 13 Bankruptcy?
- Stop Foreclosure.
- Stop Repossession.
- Stop IRS tax levy.
- allows you to consolidate your debt into a payment plan for up to 60 months.
- Immediate protection against Creditors’ collection activities like Wage Garnishment and harassing phone calls.
- Remove and Eliminate Second Mortgage or Home Equity Line of Credits.
- Remove and Eliminate or Reduce more liens than a Chapter 7 Bankruptcy.
- Reduce loan balance of Car Loan to retail value.
- Reduce interest rate of Car Loan to prime-plus rate.
- Allow you to keep assets that would have been taken away from you under Chapter 7 Bankruptcy.
- Allow you to keep and continue operation of a business that might be shut down and liquidated under Chapter 7 Bankruptcy.
- Provide debt relief to high-income earners, who would not qualify under Chapter 7 Bankruptcy.
- You have more time to pay debts that are not dischargeable like recent taxes and child support.
- More debts are considered dischargeable under Chapter 13 Bankruptcy than Chapter 7 Bankruptcy.
As you can see, Chapter 13 Bankruptcy has more advantages than Chapter 7 Bankruptcy. Call Muoi Chea Bankruptcy Attorney serving Woodland CA and Yolo County CA at (916) 441-4205 to determine which Chapter is a better option for you and whether you qualify for the benefits of bankruptcy.
During the consultation, I will go over the dos and don’ts of bankruptcy. Below are some general tips:
What to do
- Be aware. Financial trouble can endanger your home, your marriage, your health, and many other aspects of life. Take the situation seriously and talk with an experienced attorney as soon as you can.
- Be honest. Even if the amount of your debt or the details of your situation are embarrassing to you, it is important to be open and honest with your lawyer. We need a true assessment of your debts and assets to effectively assist you.
- Keep making payments. Continue with your payments on your house, car and other property you want to keep. If you don’t, the property may be foreclosed or repossessed.
What NOT to do
- Don’t run up your credit cards just before filing. If you take out large cash advances or spend an exorbitant amount right before you file for bankruptcy, creditors may challenge your attempt to discharge their debts.
- Don’t take money from your 401(k). If you withdraw money early, you may be liable for non-dischargeable taxes and penalties. Talk to our law firm to learn more.
- Don’t transfer property or hide your assets. Both are illegal. Our law firm can explain legitimate options for protecting your assets.
- Don’t sign anything from your creditors. Talk to us before signing any documents. We will also take the burden of talking to your creditors.
- Don’t juggle credit cards. Using cash advances from one credit card to pay off another will only get you deeper in debt.
COMMON QUESTIONS ASKED BY RESIDENCES AND BUSINESS OWNERS OF WOODLAND, DAVIS, WINTERS, YOLO COUNTY, CALIFORNIA:
1. Do both spouses have to file bankruptcy together?
No, both spouses do not have to file for bankruptcy together. One spouse can file alone. However, sometimes it is better for both spouses to file together. Call for more information.
2. Do both spouses have to file Chapter 13 Bankruptcy to save their home from foreclosure if the title and loan is under both spouses’ name?
No, both spouses do not have to file for Chapter 13 Bankruptcy in order to save their house from foreclosure. However, it might be better for both spouses to file together depending on their case. Call for more information.
3. Will I be able to keep my home if I file for bankruptcy?
It depends on how much equity you have on your house and other properties. This will determine if you should file a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. If you have too much credit card bills, personal loans, medical bills, and tax liabilities to handle on your own, you should consider Chapter 13 Bankruptcy if you have too much equity in your home. Your able to keep your home even if there is a lot of equity in a Chapter 13 Bankruptcy because Chapter 13 Bankruptcy is a payment plan. However, it does not necessarily mean that you have to repay all your debt back. In most cases, you only pay a portion of your debt back, which can lower your monthly payment significant if you are struggling with your payments. Call for more information and to schedule an appointment to determine if bankruptcy is right for you.