Bankruptcy

Murrieta Bankruptcy Attorneys

50+ Years of Collective Experience

Financial troubles can be extremely daunting, especially when they pile up and threaten your home, business, and other aspects of your life. Fortunately, there are options for those dealing with insurmountable debt, and chief among them is bankruptcy.

While bankruptcy may have carried a negative stigma in years past, more and more individuals and families have seen what a useful tool it can be in times of trouble. If you find yourself dealing with hefty debts you aren’t able to pay, our attorneys may be able to help you find a financial solution.

Ready to schedule a free consultation? Contact our Murrieta bankruptcy lawyers online, or call us at (951) 506-6654.

Do I Qualify for Bankruptcy?

Not everyone qualifies for bankruptcy. Before you can take action, you must first determine which form of bankruptcy you would like to utilize, and whether or not you meet the specific requirements. In California, any potential filer must satisfy the “means test,” which evaluates a person’s income and debts to determine if they would even have the means to pay back their debt if they filed for bankruptcy.

Chapter 7
Chapter 7 bankruptcy is the most common type of bankruptcy, and it is commonly used by individuals and families in need of a serious debt resolution. Also called liquidation bankruptcy, the method is so named because the filer usually relinquishes their assets to pay for a portion of the outstanding debts. In some cases, this means the filer may lose significant assets, such as their house or vehicles. However, there are ways to avoid losing your home while filing. To determine whether or not Chapter 7 bankruptcy is an option for you, discuss your situation with our firm.

Chapter 13
Unlike Chapter 7 bankruptcy, Chapter 13 does not require the filer to liquidate a large portion of their assets. Rather, Chapter 13 bankruptcy allows the filer to make steady payments to certain creditors over a short period of time. While liquidation bankruptcy is more common, Chapter 13 can be a useful tool for those who make too much to qualify for Chapter 7.

If you are wondering whether you are better suited for Chapter 7 or Chapter 13, contact our attorneys for help with your unique situation.

Why Choose Hanson, Gorian, Bradford & Hanich?

If you are dealing with mounting debt, you need a trustworthy lawyer on your side. Our team at Hanson, Gorian, Bradford & Hanich is committed to helping those in need of legal counsel, especially during hard times. No case is too large or small for our team. We are dedicated to meeting the individual needs of our clients in any and every way possible.

Contact our firm today to discuss your case with our Murrieta bankruptcy attorneys. We can be reached at (951) 506-6654.