Debt Relief Through Bankruptcy
In the current economy it seems as though everyone is struggling with their finances. At the Law Offices of Friske & Hilliard, we help people like you find financial stability. Our firm helps clients throughout Orange County, California, find debt relief by filing for Chapter 7 and Chapter 13 bankruptcy. Contact us online or call 714-881-0439 to schedule your free initial consultation.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is ideal for qualifying individuals who do not think they will ever be able to repay their debt. Not all debt qualifies for discharge under Chapter 7 debt relief. Chapter 7 bankruptcy will not discharge child support and tax debts, for example. However, you will not have to make repayment plans for qualifying debts. Qualifying debts will be discharged and you will no longer owe those debts.
We understand that filing for bankruptcy can be intimidating. Our lawyers will work closely with you throughout the process. Filing for Chapter 7 bankruptcy typically takes about three months, and we will make sure you understand every step of the process during that time.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a form of consumer bankruptcy available to many people who suffer from a heavy debt load but who do not qualify for debt relief under Chapter 7 bankruptcy.
With a Chapter 13 bankruptcy petition, often called "wage earner's bankruptcy," the debtor files a repayment plan in which he or she proposes to repay all or most of his or her debt within three to five years. Creditors have an opportunity to object, and the repayment plan may have to be revised.
In a successful Chapter 13 bankruptcy proceeding, the repayment schedules allow for smaller payments over an extended period in order for you to pay off your debts at a pace that works for you. With Chapter 13 bankruptcy, you stay in control of your financial life, rather than surrendering control to creditors or the courts. Filing for Chapter 13 bankruptcy can help you save your home as it may stop home foreclosure proceedings.
Why File for Bankruptcy?
Many people have negative misconceptions about bankruptcy, fearing that it will be impossible to rebuild their credit. This is not the case. Bankruptcy is a government-provided program designed to help people who are having financial problems.
Bankruptcy is intended to provide you relief from your debts, not bring more stress into your life. Once you file for bankruptcy, there are changes you will see immediately:
- Filing for bankruptcy stops collections
- Harassing phone calls and letters from creditors must stop
- Any foreclosure proceedings will stop
- You will finally have some breathing room and a chance to start over
Contact Us Today
When you contact the Law Offices of Friske & Hilliard, you will always work with directly with an attorney. We will explain every step of the bankruptcy process to you to ensure that you understand your options and the bankruptcy process. Contact us online or call 714-881-0439 to schedule your free initial consultation today.
Hours: Monday through Thursday 9:00 a.m. - 4:00 p.m.
