| CHAPTER 7 BANKRUPTCY
Filing for Chapter 7 Bankruptcy in Roseville California
Roseville Bankruptcy Attorney
Have you reached the point were you are concerned about how you will be able to pay down your debt? Maybe you are watching your credit card bills rise month by month, and worried that you may not even be able to pay the minimum payment, let alone the outstanding principle. If this sounds like you, maybe it is time to talk with a bankruptcy lawyer here in Roseville to discuss your options.
Contact attorney Joshua A. Sutterfield today: 916.760.2400
How Does The Chapter 7 Bankruptcy Process Work?
Many people choose a Chapter 7 "fresh start" bankruptcy to eliminate many types of debt and allow them to start over. A Chapter 7 bankruptcy can also stop a wage garnishment or temporarily stop a home foreclosure. However, many people choose Chapter 7 because they are attempting to eliminate credit card debt and other types of unsecured debts.
Unsecured Debt vs. Secured Debt
There are various types of unsecured debt, but common examples include credit card debt and medical bills. These debts are unsecured because they are not secured by an asset such as a home or car. Because credit card debt or medical bills can be quite substantial, a Chapter 7 bankruptcy can help eliminate these debts and allow people to start over financially.
On the other hand, secured debts are those debts tied to an asset such as a car or home. This means that if you do not pay the debt owed on the asset, it can be repossessed or foreclosed. A bankruptcy lawyer can discuss how these debts are dealt with in the process.
Contact an attorney today to discuss how a Chapter 7 bankruptcy can help you eliminate your debt and start over. 916.760.2400
We are a debt relief agency. We help people file for Bankruptcy under the Bankruptcy Code.
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