The decision to declare bankruptcy is always difficult. Call The Law Offices of Ronald J. Pullen for sound guidance from an attorney with extensive experience in bankruptcy law. We represent individuals and commercial clients in bankruptcy proceedings at every level of state and federal courts. These proceedings may be set in motion by an insolvent individual or business or by creditors seeking to have the debtor's remaining assets distributed among them. Our law firm handles consumer bankruptcy cases involving Chapter 7 bankruptcy and Chapter 13 bankruptcy.
Chapter 7 Bankruptcy
In today's world, many individuals and families struggle with their finances. It is important to know that there is help and you have options. If you are considering filing for bankruptcy, contact us first. We provide legal representation that is tailored to suit your personal bankruptcy situation. We are able to handle a range of avenues of debt relief and file for Chapter 7 bankruptcy protection.
What is Chapter 7 Bankruptcy?
The most common form of bankruptcy, Chapter 7 is the type of bankruptcy through which your unsecured debt may be dismissed. Some types of unsecured debt include credit card debt, medical bills, and personal loans (except student loans). It is also known as the "fresh start" bankruptcy, as it allows you to start over from scratch with your finances. With little or no remaining debt, lenders may feel that you will be better able to repay your debts in the future.
Since it may not be possible for all of your debt to be discharged, our firm can help you understand other options you may have for gaining debt relief. In some cases, a combination of Chapter 7 and Chapter 13 bankruptcies is appropriate, as may be debt management programs. We tailor our approach to suit your goals, needs, and the specifics of your case. In addition to handling your Chapter 7 bankruptcy case, we can also assist with related matters pertaining to:
• Wage Garnishment
• Creditor Harassment
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a type of proceeding through which your debts are consolidated and repaid over the course of several years. This type of bankruptcy is a debt repayment plan whereby you pay back your creditors a certain percentage of your debt during the course of a Chapter 13 plan. Creditors cannot collect from you directly during the term of the plan. Some of the debts that are often consolidated throughout the course of a Chapter 13 bankruptcy include back mortgage payments, balances on vehicle loans, student loans, credit card debts, and other unsecured debts. Contact us to discuss how Chapter 13 may be able to help you regain control of your finances.
Chapter 13 & Foreclosure
Many families facing bankruptcy are also dealing with the possibility of foreclosure. You may be able to keep your home by filing for Chapter 13 bankruptcy protection. We provide clients with a range of options and all the information they need on how to avoid or stop foreclosure.
Filing for Bankruptcy — Things to Consider
Filing for bankruptcy may or may not be the best option for your family. If you answer "yes" to any of these questions, filing for bankruptcy may be the right option for you:
• Have you experienced job loss, medical problems, or another circumstance that puts you in dire financial straits? • Are you tired of being harassed and threatened by creditors? • Are you struggling to make minimum payments on your credit card bill? • Are you facing foreclosure, repossession, or other credit actions?
Rebuilding Your Credit
Many people worry that bankruptcy will ruin their credit. However, if you need to file for bankruptcy, your credit may already be damaged. While a bankruptcy will temporarily affect your credit, for many people it is the best way to start rebuilding good credit.
Your Bankruptcy Options — Chapter 7 and Chapter 13
Not everyone is eligible for Chapter 7 bankruptcy. In order to determine eligibility, it is necessary to pass a bankruptcy means test. This test considers an individual's monthly income for the past six months, as well as other factors. Through Chapter 7 bankruptcy, your unsecured debt can be discharged. An individual who is not eligible for Chapter 7 can still file Chapter 13 bankruptcy.
Seeking Debt Relief During or After Divorce
Divorce and bankruptcy are often interrelated. Often, financial problems during marriage can lead to marital problems and possibly divorce. Similarly, divorce can have a huge financial impact on both parties. If you are facing divorce and the possibility of bankruptcy, you should seek advice from an attorney who is experienced in representing clients in both legal areas. Ronald J. Pullen represents clients throughout San Diego County in both divorce and bankruptcy matters. During your free consultation, Mr. Pullen will help you determine your legal options specific to your financial circumstances and marital status.
Filing Bankruptcy Before or After Divorce
Determining when to file for bankruptcy is an important consideration for anyone facing divorce. Our office will look at your financial situation to help you determine when filing bankruptcy is most appropriate: before or after divorce. We can also help you determine whether filing individually or jointly as a married couple is better.