San Francisco Bankruptcy Attorney Blog

Can foreclosure be avoided through bankruptcy? The answers are a little tricky:

Question: Do all types of personal bankruptcy help you avoid foreclosure?

Answer: Yes and no. A Chapter 7 allows you to erase your debt, but your home is seized to pay off your debts. You avoid being foreclosed, but you have still gone bankrupt. Chapter 13 allows you to keep your home while utilizing a custom repayment plan for your debts.

Question: Should I hire a lawyer?

Answer: Definitely. This process is difficult and confusing. Trying to handle it yourself would most likely be counter-productive.

Question: Can a lawyer help avoid bankruptcy and allow me to keep a home?

Answer: Possibly. Sometimes banks make errors during the process that a lawyer is trained to find.

Question: Will my home definitely be saved?

Answer: Nothing is definite, but the answer is most likely.

Question: After all other options have run out, is this my final chance?

Answer: If you really want to keep your home, a Chapter 13 filing is your best chance. Be sure to examine all other routes before pursuing this.

If you have a question regarding Bankruptcy in San Francisco please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

A foreclosure attorney can be the one thing that saves you from losing your home, yet few people ever enlist their services. Most do not even think about it, or think that their services are unnecessary or too expensive. Here are some facts about foreclosure lawyers:

- Over 80% of foreclosures can be postponed or stopped by hiring a lawyer.

- Many lenders make mistakes in procedure and paperwork that an attorney can catch to give you time to save your home.

- Foreclosure attorneys make it their job to keep up with the quickly changing federal laws designed to help protect lenders from predatory lenders and mistakes made by them. Only an attorney would know about these changes.

- These lawyers are not as expensive as you think. Plus, saving your home for your family is very important.

Foreclosure is awful. Thinking that you will be homeless in the near future is one of the most stressful events that can happen to you. Enlist a foreclosure attorney to see what he or she can do to help.

If you have a question regarding Bankruptcy in San Francisco please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Due to poor economic conditions, the rate of people filing for bankruptcy has increased dramatically. If you are considering filing for bankruptcy, there are four tips to file to ensure that you get the best deal out of your bankruptcy as possible.

The first tip for filing for personal bankruptcy would be to hire an attorney. An attorney will provide you with a free consultation for your situation, handle all of the paperwork involved, and deal directly with the credits. While they may be expensive, the attorney will prove to be invaluable.

The second tip would be to protect as many of your assets as possible. When you file for bankruptcy, creditors will try and liquidate as many of your assets as possible. However, there are some assets that they are not able to liquidate. This includes retirement accounts and your home.

The third tip would be to not delay declaring. The longer you wait to declare, the more financially devastating it could be. If you feel that you are in a hole that you cannot get out of, it would be wise to file immediately. 

The fourth tip for filing for personal bankruptcy would be create a budget. Following declaring bankruptcy, it would be wise to create a budget to live by which would help keep you financially free in the future.

If you have a question regarding Bankruptcy in San Francisco please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

Despite the glamorous and luxurious lifestyles of America's film and music stars, appearances can often be deceiving. The high profile, big spending lifestyles of the Hollywood giltterati isn't equally sustainable for everyone. Before his death, reports indicated that Michael Jackson was on the brink of bankruptcy. Ironically, it was his death which saved him, as he his estate has netted more since his death than he ever did alive. Steve Baldwin, brother of Academy Award-winning actor Alex Baldwin has also had trouble with financial solvency. In 2009, Steve was forced to declare bankruptcy due to poor borrowing and real-estate decisions. Donald Trump has appeared in the homes of millions as the image of financial success. However, before his role on apprentice, the real estate mogul was on the verge of declaring chapter 11. Despite their size and global prominence, Hollywood film studios are not exempt from financial difficulties. In 2010, MGM was forced to declare bankruptcy following a 2005 leveraged buyout. Even though the world of Hollywood may seem glamorous on the surface, often times the lives of the rich and famous are not as effortless as they appear.

If you have a question regarding Bankruptcy in San Francisco please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

When you file for personal bankruptcy, some or all of your debts may disappear. However, it depends on the type of bankruptcy you're filing and the debts you owe. 

For a chapter 7 bankruptcy, you'll liquidate all of your assets and use the money to pay off debts you owe. The court will determine who gets what. After that, you're free and clear on most debts. Chapter 13 bankruptcy doesn't take away things you own. Instead, it spells out a repayment plan for your creditors over a certain period of time. While all your debts may not disappear, they can be considerably reduced. You probably won't need to file for a chapter 11 bankruptcy because it's mostly designed for businesses to become profitable again. 

There are some types of debts that personal bankruptcy won't forgive. Although it depends on your state laws, child support and student loan payments are some of the most difficult debts to get forgiven. If you're at all able to pay these, you're most likely not going to get off the hook. 

So, there you have it. The debts that disappear from a bankruptcy depend on the type you're filing. Using a chapter 7 will make your debts disappear, but you'll also give up your assets. Chapter 13 won't take your things, but your debts won't completely go away either.

If you have a question regarding Bankruptcy in San Francisco please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.