San Jose Bankruptcy Attorney

Assisting Clients With Bankruptcy Matters in California

Financial struggles can be very overwhelming; for many, bankruptcy provides the relief required to reset their financial future. If you are facing debt that feels insurmountable, you are not alone. Seeking guidance from our bankruptcy lawyer is the first step toward gaining control of your finances. Compass Bankruptcy Law Group is here to help you navigate the legal complexities of bankruptcy. A San Jose bankruptcy attorney can offer the support you need to understand your options and make informed decisions.

Call Compass Bankruptcy Law Group today at (888) 850-0624 or contact us online to schedule a consultation with our bankruptcy lawyer in San Jose.

Bankruptcy Matters We Handle

We can assist by:

• Chapter 7 Bankruptcy: Chapter 7, or liquidation bankruptcy, is designed for individuals or businesses facing severe financial difficulty with little to no disposable incomes. In this type of bankruptcy, your non-exempt assets could be sold off to pay creditors. However, many assets are protected under exemptions, allowing you to keep your home, vehicle, and essential personal property. Chapter 7 is often the fastest route to discharging unsecured debts like credit card debt, medical bills, and personal loans.
• Chapter 13 Bankruptcy: Chapter 13 bankruptcy is a reorganization plan that allows individuals with regular income to develop a repayment plan over three to five years. This option is ideal for those who want to keep their home or car and have the capability to catch up on missed payments. By restructuring your debts into manageable payments, Chapter 13 provides an opportunity to pay off a portion of your debts while retaining important assets.
• Chapter 11 Bankruptcy: For businesses facing overwhelming debt but wishing to stay operational, Chapter 11 bankruptcy offers a path forward. This process allows companies to reorganize their debts and continue operating while creating a repayment plan to satisfy creditors. We work closely with business owners throughout the Chapter 11 process, helping them achieve financial stability while preserving their business.

What Are the Benefits of Bankruptcy?

The benefits may include:

• Immediate Relief from Creditor Harassment: Once you file for bankruptcy, an automatic stay is put in place. This legal injunction stops all collection activities, including phone calls, wage garnishments, lawsuits, and repossessions. You will no longer have to endure the constant stress of creditor harassment, giving you immediate relief.
• Elimination of Unsecured Debts: One of the primary advantages of Chapter 7 bankruptcy is the discharge of unsecured debts, such as credit card balances and medical bills. This debt relief provides a clean slate, allowing you to move forward without the burden of excessive financial obligations.
• Protection of Assets: In both Chapter 7 and Chapter 13 bankruptcy, many of your assets are protected under state and federal exemptions. This means you can keep your home, car, and other valuable property while resolving your debt. Chapter 13 also allows you to catch up on missed mortgage or car payments and evade foreclosure or repossession.
• Financial Rehabilitation: Bankruptcy is designed to allow individuals and businesses to rebuild. Whether through Chapter 7 or Chapter 13, you can start fresh, rebuild credit, and regain control of your financial situation. While bankruptcy will appear on your credit report, it offers a way out of an unsustainable debt cycle and provides a clear path toward financial rehabilitation.

How Our Bankruptcy Lawyer Can Help You

We can assist you by:

• Tailored Solutions: We recognize that every client’s financial circumstances are different. We thoroughly review your debts, income, and assets before recommending the most appropriate course of action. Whether you are contemplating Chapter 7, Chapter 13, or an alternative solution, we will customize a plan that fits your goals.
• Support Throughout the Bankruptcy Process: Bankruptcy involves filing extensive paperwork, attending court hearings, and dealing with creditors. We will handle all the legal factors of your case, from gathering and preparing documentation to representing you in court. This allows you to focus on rebuilding your life while we manage the technical details.
• Ongoing Guidance: We remain available to help you navigate the next steps even after your bankruptcy case is resolved. We can advise rebuilding your credit, managing your finances, and staying on track with your repayment plan.

Contact Us Today

If you are struggling with overwhelming debt, take the first step toward financial independence by contacting Compass Bankruptcy Law Group. Our San Jose bankruptcy attorney is ready to help you in exploring your options and finding the right solution for your financial needs. Call us today to schedule a consultation and begin your journey toward a more promising financial future.

Contact Compass Bankruptcy Law Group today to get started with our San Jose bankruptcy attorney.