Chapter 7 Bankruptcy;
Stockton, Pleasanton, Bay Area, Elk Grove, and the Sacramento Region
Chapter 7 allows you to protect equity in your home (up to $699,421), vehicles ($7,500), household furnishings, electronics, and all qualifying retirement accounts. The Trustee rarely seizes your assets if you choose a qualified Bankruptcy Attorney who prepares your bankruptcy correctly.
Chapter 7 Bankruptcy is a better option than Debt Consolidation or Debt Settlement
Protection of your Home and Vehicles in Stockton:
A Fresh Start:
With a Chapter 7 bankruptcy, you can wipe out your:
- Credit card bills
- Payday & cash advance loans
- Personal loans
- Medical debt
- Old tax debt
- Vehicle repossession debt
With this discharge, it allows you to truly start fresh and make a budget going forward of all your essential bills.
Rebuilding of Credit Score to 720 or higher
Chapter 7 bankruptcy takes about 4 months to be completed, from the moment you retain my office to the final discharge of debt. After you obtain that discharge of your unsecured debts, you can immediately begin rehabilitating your credit score. You can rebuild your credit score by applying for and using credit cards responsibly, continuing to pay on your installment loans and becoming on authorized user on another individual’s credit card with a high credit score.
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Qualify to Buy a Car or Home
Many people think you can never buy a new car or home after filing for Chapter 7 bankruptcy. This is simply not true. You are eligible to finance a new vehicle as soon as your debts are wiped out and your bankruptcy case is closed. You can purchase a home 2-3 years after filing for bankruptcy which will give you enough time to save for a down payment.
