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Posted On: November 2, 2010 by Scott Sagaria

Bankruptcy Law Guide

A San Francisco bankruptcy attorney discusses the different Chapters in Bankruptcy Law.

Bankruptcy is the program that folks normally turn to when they can no longer pay their bills. It can be somewhat confusing which is why a person should always consult the bankruptcy law guide. The two most common types of Bankruptcy for individuals are Chapter 13 and Chapter 7.

Chapter 13 Bankruptcy is for someone who may have the means to repay their debts if the monthly payments could be reduced. According to the bankruptcy law guide, this is called restructuring debt which allows you to pay off your creditor from whatever income you have. It is done over a 5 year period. If you choose this Chapter 13, the Bankruptcy court may reduce the amount you owe so your monthly payments can successfully pay off the balance within the 5 year period.

Chapter 7 Bankruptcy is usually chosen when you just don’t have enough income left over from you living expenses to cover your bills. This usually happens when you have lost your job, a spouse has lost their income, or medical bills have piled up. According to the bankruptcy law guide, Chapter 7 Bankruptcy eliminates all unsecured debt. This normally applies to credit cards, medical bills or any debt the lender doesn’t have a lien on. Cars and your home are considered secured debt. This is a very serious step and can affect your ability to buy a home or car for the next 10 years. A Chapter 7 Bankruptcy will stay on your credit report for ten years.

At Sagaria Law, we offer an exceptional team of bankruptcy lawyers, bankruptcy client care specialists and bankruptcy staff supporting San Francisco. If you need help regarding bankruptcy in San Francisco, contact us at (415) 946-8882 or (1800) 941-6730 for a free consultation or visit us online at www.sagarialaw.com to request a free in person appointment at a Sagaria Law office location nearest you. We can answer your questions regarding filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. We have bankruptcy attorneys located throughout California and Oregon to assist you with all your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation to quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Francisco!

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Posted In: California Bankruptcy Law

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If the courts do not accept your bankruptcy filing because of an error on our part, we will refund 100% of your money, including the filing fee!

At Sagaria Law, PC we want to guide you on the path to financial freedom and realize this is not an easy task for most. We respect your devotion to better your circumstances even with financial hardship and thus are willing to guarantee that if you retain us, we will do everything we can, legally and ethically, to help you become debt-free.

The Fine Print

The Sagaria law guarantee covers everything that a bankruptcy law firm produces in order to successfully complete a bankruptcy filing. We guarantee that it will be done in a manner that is accepted for filing with the bankruptcy clerk's office.

There may be reasons beyond our control that may cause a case to be dismissed. Therefore, the 100% Money-Back Guarantee does not guarantee;

  1. That you will receive a discharge.
  2. That you will receive a discharge of all debts or of any particular debt.
  3. That your case won't be dismissed for reasons not related to the paperwork being accepted for filing.
  4. That you, our client, will successfully complete all of your obligations including accurate disclosure of debts, completing your forms on time and attending your 341 meeting as scheduled.
  5. That you will not lose assets in chapter 7, or that creditors won't successfully argue for the repossession of collateral in chapter 13.
  6. That you will not encounter challenges of any kind to your bankruptcy case.

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