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Find freedom from debt by filing for Chapter 7 in Perris CA
Did you know that the average American has about $6,300 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. Filing for Chapter 7 in Perris CA can provide much needed debt relief in this situation.
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 Perris 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: Chapter 7 in Perris CA allows for the discharge of almost all types of unsecured debt (debt that is not backed up by real property). This means a successful Chapter 7 bankruptcy petition can free you from:
- 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: Filing for Chapter 7 in Perris CA doesn’t necessarily mean you have to discharge secured debts like your mortgage or car loan. You have the option to do so, but you can also choose to reaffirm the debt and continue making your payments.
- 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. California has two different sets of exemptions describing the type and value of property you can keep. We can go over the details with you and make sure you choose the most advantageous set of exemptions. This could allow you 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 Perris CA
If you have a high income, there is a presumption that you do not really need the debt relief offered by Chapter 7 in Perris CA. Depending on what you score on the California Means Test, we can try to rebut this presumption. 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 calling 951-755-1000 to request your free bankruptcy evaluation from California Bankruptcy Relief.
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