There are many people in Roseville and throughout California who worry about how they will pay their bills. Debts can add up quickly, and many unexpected circumstances can cause you to fall behind. Whether you have a pile of costly medical bills or a period of unemployment causes you to incur high credit card balances, it is important to know that you have options for financial relief.
Many households and business owners are able to take control of their financial situation by filing a Chapter 7 bankruptcy case. This is not the right option for everyone, and you should carefully discuss your situation with a Chapter 7 bankruptcy lawyer in Roseville. Khatami Law is ready to help, so please set up your consultation today.
How Chapter 7 Bankruptcy Works
Chapter 7 cases are often known as “liquidation” cases. This is because the bankruptcy trustee is able to liquidate (sell) your non-exempt property in exchange for the discharge of your qualified debts. However, there are numerous exemptions available that we can apply to protect as much of your property as possible. In fact, most people who file for Chapter 7 bankruptcy lose very little – if anything at all.
A successful Chapter 7 case ends with the discharge of certain debts, which can include:
- Credit cards
- Personal loans
- Loans from friends and family
- Past due rent and utilities
- Medical bills
- Most legal judgments
- Some tax debts
- Business debts
Wiping these debts away can allow you to start over with extra money available to cover the rest of your bills.
Speak with a Chapter 7 Bankruptcy Lawyer in Roseville about Your Options Today
If you are struggling to keep up with your bills, discuss your options with a Roseville Chapter 7 bankruptcy attorney at Khatami Law. We can advise you of the best path forward to financial relief, so call 916.584.9595 or contact us online for a consultation.