California Bankruptcy Lawyers

Choosing the Law Offices of Steven P. Chang for your California bankruptcy lawyers will ensure you have the best representation possible to help you get a second chance with your financial life. They will give you a free initial consultation to determine what your needs are. When you first step into the offices of the California bankruptcy lawyers, they will give you a picture of your estate, both what you owe and what you own. Taking a comprehensive look at your financial situation and goals for the future, they will help you determine which bankruptcy option is right for you. In order to make their determination, their attorneys will need to review 60 days of pay stubs to determine income, credit reports to review listed creditors, and any lawsuits, garnishments or levies against you.

Go the site of the California bankruptcy lawyers at www.rsbankruptcy.com to learn about the different chapters of bankruptcy and what each one does for the debtor. Bankruptcy is allowed by the US Bankruptcy Code for an individual, corporation or partnership to obtain relief from certain debts under the law. The California bankruptcy lawyers will help you understand what you must do to file for bankruptcy starting with listing all of your assets regardless of where those assets are located, even though those assets may be wholly exempted. As a rule, filing for bankruptcy will not cause you to lose your assets since you have exemptions that can be used to protect them. There is always a chance of losing assets when you file Chapter 7 because it is liquidation bankruptcy in which assets are sold to pay creditors.

Your California bankruptcy lawyers will advise you which type of bankruptcy you should file and what you can expect after you have filed. If you file Chapter 7 bankruptcy, most unsecured debts are discharged and you will never have to repay them. If you file Chapter 13 bankruptcy, your debts are restructured into a repayment plan and you will repay all or some of your debt over an agreed-upon time. The California bankruptcy lawyers will also help you distinguish between your secured and unsecured debt and how that figures in to the chapter you file. Secured debts are those that are secured by alien of some type on your property, either by an agreement or involuntarily with a court judgment or taxes. Unsecured debts are not connected to any type of property. Car loans and mortgages are examples of secured debts while credit cards and signature loans are unsecured debts.

Because those lawyers from the Law Offices of Steven P Wang have limited the practice to those issues of debt, they have the expertise to guide you throughout the process whichever chapter of bankruptcy you file. If you don't understand the laws of bankruptcy, go to www.rsbankruptcy.com and read about the different chapters you can file. You can contact the California bankruptcy lawyers at the Law Offices of Steven P. Wang and make your appointment for a free consultation. Rely on the professionals that have helped many other clients find the debt relief they needed for a fresh start!