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Find freedom from debt by filing for Chapter 7 in Moreno Valley CA
As of Q3 2016, the average Californian has $7,300 in credit card debt. Due to the high interest rates, penalties, and fees associated with credit card debt, good people can easily get over their heads and end up facing crippling debt. The good news is, Chapter 7 in Moreno Valley CA can provide a solution.
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 walk you through all the legal requirements associated with filing for Chapter 7 in Moreno Valley CA and make sure your paperwork is complete and correct. 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 Moreno Valley 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 have a mortgage, a car loan, or some other type of secured debt, filing for Chapter 7 in Moreno Valley CA allows you to choose whether or not you want to discharge these debts in the bankruptcy. If you can afford the payments, you can reaffirm the debt and keep the property. If you cannot afford the payments, you can give up or redeem the property and discharge the debts.
- Keep Your Exempt Property: Although Chapter 7 is sometimes called “Liquidation Bankruptcy,” this doesn’t mean you will have to give up all of your property. 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 Moreno Valley CA
Unfortunately, not everyone qualifies for Chapter 7 in Moreno Valley CA. If you earn more than the median income for your household size, we will need to complete a very complicated calculation called the California Means Test in order to figure out if 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
Take the first step towards a brighter financial future by contact us at 951-755-1000 to request your free bankruptcy evaluation from California Bankruptcy Relief.
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