What Bankruptcy Can and Can't Do

Are you overwhelmed by debt?

Bankruptcy can give much needed relief to many individuals and families that are suffering the burden of overwhelming debt, but it is important to know what it can and can't do for you as well as how it will affect your future so that you can make the most educated decision about how to proceed. Unfortunately, there are many people in our country who have lost their jobs, taken a hit on the value of their home from the real estate slump and many other common issues that can put them in a less than favorable situation where debt is concerned. We have solutions for these important issues, and should discuss them with you as soon as possible - before you pass the point of no return and lose assets or face legal problems.

If you or someone you know is experiencing creditor harassment, possible foreclosure, wage garnishment, repossession, lawsuits or a simple inability to keep up with your monthly payments, your interests would be best served by speaking with a highly qualified Chico bankruptcy attorney about your situation. A skilled legal advocate can provide you with the information you need about Chapter 7, Chapter 13 and the various alternatives to bankruptcy that exist so that you can choose the right path and be efficiently guided through the steps that will need to be completed.

Butte County Bankruptcy Lawyer

There are many benefits to filing bankruptcy, as when the process is complete, you will have a fresh starting point for your financial health. Here are some of the pros and cons to filing bankruptcy:

What it can help you with:

  • Eliminate credit card and other unsecured debts
  • Stop creditors from harassing you as well as the threat of losing your car, home or a portion of your wages
  • Stop lawsuits from being filed against you

What it can't help you with:

  • Eliminate certain kinds of liens
  • Free you from your obligation to pay child or spousal support
  • Eliminate student loans (in certain limited circumstances, it may be admissible as a party of the bankruptcy, but very few people qualify for this)
  • Wipe out tax debt - most tax debts do not qualify for inclusion in bankruptcy

At The Law Office of Nikki Farris, our extensively experienced legal team has been representing clients for several years in bankruptcy and debt relief. We are a family team that is extremely dedicated to providing effective solutions to individuals and spouses to help them gain control of their finances and make a brighter future for themselves and their families. Our lawyers have assisted countless clients in meeting their goals and we are standing by to get you moving in the right direction.

Contact a Butte County bankruptcy lawyer at our firm now to find out how bankruptcy can help you.