Bankruptcy is a federal court process intended to give financial relief from burdensome debts. Through the bankruptcy process, consumers and businesses either eliminate their debts or repay them under the protection of the bankruptcy court. Once the bankruptcy process is complete, you will typically be released from personal liability for most debts. If you are considering filing for a bankruptcy, it is important to seek the legal counsel of qualified bankruptcy lawyers. We are conveniently located in Bakersfield to serve the entire San Joaquin valley.
Chapters of Bankruptcy
Bankruptcies can generally be described as "liquidations" or "reorganizations." The most common forms of bankruptcy protection available to individuals and families are Chapter 7 ("liquidation") and Chapter 13 ("reorganization"). Businesses may file for bankruptcy protection under Chapter 7 ("liquidation") and Chapter 11 ("reorganization").
At the time of filing bankruptcy, a court order called an "automatic stay" goes into effect. The automatic stay is very powerful in that it prohibits most creditors from taking any action to collect the debts owed to them unless the bankruptcy court lifts the stay permitting the creditor to proceed with collection or enforcement. The stay arises by operation of law and requires no judicial action. Provided that the stay remains in effect, your creditors generally may not initiate or continue lawsuits, wage garnishments, or even telephone calls demanding payment.
Discuss Your Options With Experienced Counsel
All chapters of bankruptcy have numerous rules and exceptions as to what types of debts are covered, who can file, and what property you can and cannot keep. For these reasons, it is recommended that you seek the advice of experienced legal counsel to determine whether bankruptcy is the best option for you and whether feasible alternatives exist.
Guaranteed Or Your Money Back
We are so confident in our representation that if your bankruptcy filing is rejected because of an error that we made, we will give you a full refund, including filing fees. It is our mission at The Gorski Firm to do everything in our power to help solve your debt problems.
Call Us For a Free Consultation
If you are considering filing for bankruptcy or would like additional information, contact The Gorski Firm for a Free Consultation and talk to one of our Bakersfield bankruptcy attorneys about your options.