San Diego Bankruptcy Lawyer
Solutions for Difficult Financial Situations
In today’s economy, many individuals and families have been left in financial distress. If you are struggling without a way to reduce your debt, an experienced bankruptcy attorney in San Diego can advise you of your options.
At Embry Family Law P.C., we help clients find relief from overwhelming debt through bankruptcy. We offer assistance with Chapter 7 and Chapter 13 bankruptcies.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy, known as liquidation, allows you to eliminate debt and get a fresh start. This type of bankruptcy is often a good choice for people with significant credit card bills and other unsecured debt and few assets. Any property that is not exempt can be sold to pay your creditors. However, there are many exemptions that can be claimed to protect your property.
Debt that cannot be discharged in Chapter 7 bankruptcy includes:
- Student loans
- Child support
- Certain taxes
- Fraudulent debts
- Certain items charged
Chapter 7 is the fastest type of bankruptcy, and most cases are discharged within 90 days of filing. Our San Diego bankruptcy attorney can assess your financial situation and analyze how the exemptions work for you to determine if this type of bankruptcy is the best option.
Chapter 13 Bankruptcy
When your goal is to restructure your debt and keep your property, Chapter 13 may be the best type of bankruptcy for you. With repayment plans that typically last three to five years, the process is not as fast as Chapter 7. At the end of this period of time, remaining balances are discharged.
Consult with Embry Family Law P.C.
Because each situation is unique, it is important to seek advice from an experienced bankruptcy attorney to determine the best type of bankruptcy to resolve your financial difficulty and help you achieve your goals. At Embry Family Law P.C., we want to help you get the fresh start you deserve.