California Bankruptcy Lawyers
With bankruptcy in California, you have options
As a resident of California, you know that short term solutions probably won't help you get control of your debt and get back on the right track. You want a powerful solution that can really make a difference.
For many people struggling with crippling debt, that solution is bankruptcy. California law offers both Chapter 7 and Chapter 13 bankruptcy. Either one could be the difference maker you need to get back on your feet. Whether you're fighting to stay in your home or need to get rid of unbearable credit card debt, there is help available.
Find out how bankruptcy may help you during a free case evaluation with a local California bankruptcy lawyer. Complete the free form on this page or call, toll free, 877-833-2410, and we'll connect you right away.
Bankruptcy Laws In California
The bankruptcy laws in California provide generous protection for filers, as well as tools designed to effectively clear debt.
First, know that your bankruptcy filing may include debt related to:
- Home mortgage
- Credit cards
- Medical bills
- Car loans
- Utility bills
- Personal loans
So even if you have debt from multiple sources, you may be able to resolve all of them in a single filing.
Second, both Chapter 7 and Chapter 13 bankruptcy laws in California allow you to take advantage of the automatic stay. This is an important part of the filing for many people, as it stops collection efforts right away - including foreclosure.
This means that even if foreclosure action has already been taken by the bank, you may still be able to save your home with the automatic stay. In addition, it may stop wage garnishment, harassing phone calls, repossession and lawsuits.
If you choose to file Chapter 13 bankruptcy, you'll need some regular income to make payments on your court-approved plan. Under this plan, you may receive the strongest bankruptcy protections for your home, cars and other property.
Chapter 7 may be a better option if you don't have much regular income and need to clear credit card and medical bills quickly. Chapter 7 is typically finished in only a few months, so you could be back on your feet in no time.
In addition to clearing your debt, California's Chapter 7 laws are designed to protect your home and other possessions from sale during your case. In most personal Chapter 7 filings there is no property sale of any kind.
To achieve this protection, you'll probably want to be familiar with the state's Chapter 7 exemptions and how they apply to you. These laws specifically outline the protections offered to filers. California's exemptions include:
- Homestead: Up to $75,000 for real property; may be raised to $100,000 for debtors living with other non-owner family members; may be raised to $175,000 for anyone 65 years or older, disabled, or at least 55 years and low-income.
- At least 75 percent of your wages
- Up to $2,300 for a vehicle
- More than $13,000 in protections for jewelry, heirlooms, trade tools and work equipment
- All ordinary and necessary household furnishings and clothes
Get Help From a California Bankruptcy Lawyer
Don't wait any longer to get help. Personal bankruptcy may be the key to saving your home, car and even your future.
California bankruptcy lawyers can answer your questions about the process and how the laws apply to you. Your attorney may answer your questions and take you through your filing step by step.
Get your free case evaluation with a California bankruptcy lawyer near you when you complete the form on this page or call, toll free, 877-833-2410.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.