Orange County Bankruptcy Attorney
The Fishback Law Corp practices exclusively in the area of bankruptcy, helping individuals and businesses in Irvine and throughout Orange County, Los Angeles, Riverside, San Bernardino and San Fernando Valley find effective and affordable debt relief and an end to the stress and worry that often accompanies overwhelming financial pressure and crushing debt.
What is Bankruptcy?
The bankruptcy laws of the United States were enacted to protect individuals and businesses who are unable to repay their outstanding debts. Whether filing under Chapter 7, Chapter 13, or Chapter 11, bankruptcy provides an orderly process for dealing with your debts. Each bankruptcy chapter has distinct advantages that meet the needs of the person or company filing for bankruptcy. Chapter 7 provides the consumer with an elimination of debt and a fresh start to begin again either debt-free or virtually debt-free, while Chapter 13 can be used to stop a foreclosure or prevent a repossession of property while giving the consumer time to develop a workable plan for repayment of debts. Commercial enterprises going out of business find help in Chapter 7 and the freedom to close up their business without worrying about continuing liability for business debts.
Bankruptcy Stops Creditor Harassment
The filing of a petition for bankruptcy automatically stays, or stops, attempts by creditors and bill collectors to make you pay. This includes stopping foreclosures, repossessions, wage garnishments, and lawsuits. This automatic stay may remain in place for the duration of the bankruptcy proceeding. Meanwhile, the bankruptcy court gathers all your creditors and all your debts together in one place, allowing you to address and deal with them at one time. Whether seeking a discharge of debt or a repayment plan, your creditors will be bound to accept the decisions made by the court without coming after you any more for payment.
Experienced Orange County Bankruptcy Attorneys
As skilled bankruptcy attorneys, we engage in every practice available to stop creditor harassment, eliminate debt, and bring your debt load in line with your ability to comfortably meet your obligations within your monthly disposable income. End those sleepless nights; visit our office today. For bankruptcy matters in Orange County and throughout Southern California, contact Fishback Law Corp for a free initial consultation.