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Find freedom from debt by filing for Chapter 7 in Corona CA
Did you know that the average American has about $6,300 in credit card debt? Many people depend on credit cards to get them through times when cash is tight due to losing a job, having their hours cut, or needing to cover a sudden medical expense. Unfortunately, it’s very easy to start drowning in credit card debt once you start using your cards this way. If you’re feeling overwhelmed by debt, Chapter 7 in Corona CA may be just what you need.
California Bankruptcy Relief is Here to Help
Chapter 7 bankruptcy is the most common type of personal bankruptcy, and at California Bankruptcy Relief we have handled thousands of Chapter 7 cases for people just like you. As your bankruptcy attorney, we will help you understand and follow all the rules and requirements that apply to filing for Chapter 7 in Corona CA. We’ll also prepare your petition for you. Our firm has been 100% successful in bankruptcy cases to date.
What Can You Do with Chapter 7 Bankruptcy?
- Eliminate Your Unsecured Debts: By filing for Chapter 7 in Corona CA, you can relieve yourself of the burden posed by many types of unsecured debts such as:
- Credit card debt
- Personal loans
- Medical bills
- Utility bills
- Back taxes at least 3 years old
- Certain lawsuits and judgments
- Reaffirm or Redeem Secured Debts: If you want to continue making the payments on a secured debt such as a mortgage or car loan, these debts will not be discharged in when you file for Chapter 7 in Corona CA. If you cannot afford the payments, you can give up the property as part of your bankruptcy.
- Keep Your Exempt Property: You are allowed to keep certain property and assets during a Chapter 7 bankruptcy. We can explain the California exemption lists to you and make sure you choose the list that will provide the most protection to the assets that matter to you. Here are some examples of property you may be able to keep:
- Your home
- Vehicles
- Home furnishings
- Clothing and jewelry
- Social security benefits
- 401ks and IRAs
- Pensions and other qualified retirement plans
- Tools of the trade for your business
- Alimony and child support
Find Out If You Qualify for Chapter 7 in Corona CA
Unless you earn less than the median income for a household of your size, you will not automatically qualify for Chapter 7 in Corona CA. Instead, you will have to complete the California Means Test to show you qualify. California Bankruptcy Relief has ample experience with the Means Test along with a strong track record of helping high earners qualify.
Call Now for Your Free Bankruptcy Evaluation
If you’re wondering whether Chapter 7 is the solution to your debt problem, we encourage you to contact us at 951-755-1000 today. We’ll set up a free bankruptcy evaluation to help you understand your rights and options.
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