At Klein DeNatale Goldner, we help individuals and small-business owners get debt relief and a fresh financial start through the bankruptcy system. Our experienced bankruptcy lawyers understand the bankruptcy laws and how to use the process to help people obtain debt relief. Let us put our experience and knowledge to work for you.
When you come to our law offices in Bakersfield or Fresno, California, for your consultation, we will review your situation and discuss your debt relief options, which could include Chapter 7 bankruptcy, Chapter 13 bankruptcy or Chapter 11 bankruptcy. If filing bankruptcy is not appropriate for you given your circumstances, we will tell you so.
If you choose to file bankruptcy and retain our services, the threat of repossession, foreclosure, garnishment and collection lawsuits will stop. We will then develop a bankruptcy plan designed to obtain maximum debt relief while enabling you to keep as much property as possible.
Chapter 7 Bankruptcy
In a Chapter 7 bankruptcy, your unsecured debts, including credit card debts, medical bills and personal loans, are completely discharged. Certain debts such as student loans and child support obligations cannot be discharged. However, the extra cash flow you receive from the discharge of your unsecured debts can make it much easier to cover the payments on those debts. In a few short months, you could be on the road to a brighter financial future.
Chapter 13 Bankruptcy
In a Chapter 13 bankruptcy, you receive an affordable three- or five-year debt repayment plan. At the end of this period, your remaining unsecured debts will be discharged. A Chapter 13 bankruptcy can enable you to keep your home, your business or other significant assets. If your outstanding first mortgage is more than the value of your home, Chapter 13 can strip a second or third mortgage.
Some people with high levels of debt may benefit from filing a Chapter 11 bankruptcy for individuals rather than Chapter 13. An attorney at KDG can advise you.