Fresno Bankruptcy Attorney

Looking to get rid of your debt?

There are thousands of individuals, families and small businesses throughout the Fresno area that have been heavily affected by the faltering economy and are under extreme financial stress. In troubled economic times, it can be impossible to stay current with credit card bills, mortgage payments and other day-to-day expenses. If you are dealing with the anxiety and stress of overwhelming debt, it is important that you discuss your situation with a Fresno bankruptcy lawyer from Price Law Group. The firm is a nationwide bankruptcy firm that has assisted over 60,000 individuals to eliminate all of their debts through filing bankruptcy and other debt-relief alternatives, and can help you too.

Solutions for Crushing Debt

Each individual situation is unique, and should be reviewed by an attorney from the firm before the situation progresses and gets even more dangerous with regard to repossessions, lawsuits or other legal action being taken against you. The firm provides personal, compassionate and individual legal counsel in filing bankruptcy, both chapter 7 and chapter 13. There is no “one size fits all” solution to your financial problem which is why you should be made aware of all of your viable bankruptcy options and also the alternatives to bankruptcy. When you need help in credit repair, need to take action in foreclosure prevention, are hoping to secure a loan modification, or want help with short sale negotiation, the firm has the qualifications and experience you need. Those who need legal assistance to achieve a reasonable debt settlement, take action against a creditor engaged in creditor abuse, pursue an insurance settlement, or need help with tax resolution, there is help! You will receive quality legal representation you need to address these issues with professional skill and without delay.

If you wonder, "do I qualify for bankruptcy? ," the firm can quickly review your financial situation and advise you as to the best possible legal action to get the relief you need. The legal team at the Price Law Group also represents individuals who need to engage in collection defense, estate planning, and protecting your rights under the Fair Debt Collection Practice Act. If you want to discharge your debt or want to know about life after bankruptcy and what to expect, the attorney from the firm can advise you of both the risks and benefits of bankruptcy, and what option will best serve your interests, and get your finances back on track.

Qualifications for Filing

In order to qualify for Chapter 7 or even Chapter 13 bankruptcy, you will have to evaluate your median income against the median income of all other families of your size in the state. If your median income exceeds the average for California, then you will have to take a means test in order to see if you qualify for Chapter 7 still or if you only qualify for Chapter 13. The difference between the two is that Chapter 7 is a complete discharging of debts while Chapter 13 is more of a restructuring of your debts to a manageable level. A means test differs from a median income test in that it takes into account your expenses, rather than just your income.

Avoiding Accusations of Abuse

Some bankruptcy courts may deny individuals at first because they may believe that there is an abuse of bankruptcy going on. What will be evaluated here is your spending. If your income is at a reasonable amount (an amount determined by federal bankruptcy law) while your expenses seem excessive, then you may not qualify at first. Anyone can contest allegations that they are abusing bankruptcy by showing what the spending was for and why it was necessary.

In 2005, President George W. Bush signed into law a major amendment to U.S. bankruptcy code. This is known as the Bankruptcy Abuse Prevention and Consumer Protection Act. While this law makes it more difficult for consumers to file Chapter 7 bankruptcy, it also protects and reserves bankruptcy for those who actually are deserving of it. One of the provisions of this act is that all those who wish to file bankruptcy must undergo credit counseling. What this does is inform the debtor of their options before they continue with the proceedings. The act also limited the amount of exemptions that individuals list to protect from liquidation. For a complete list of changes, you can consult with our firm.

Life After Bankruptcy: A Fresh Start

Many people wrongly assume that bankruptcy is the worst thing that could possibly happen. The truth is that bankruptcy is a provision of our government to help people in financial crisis. One of the stigmas associated with filing is that it will hurt their credit score. The truth is that if a person is in extreme debt, then their credit score is probably already poor. To prevent it from getting even worse, bankruptcy can either fully discharge debt or it can restructure them to a manageable level. While a bankruptcy filing will stay on your record for seven to ten years, you can quickly rebuild your credit score with good spending habits. Sometimes it is actually easier to raise your credit score after bankruptcy because you have a clean slate and you can actually afford to make your payments. The thing that hurts your score the most is being late or delinquent on your bills and payments.

Don't be a victim of creditor harassment - you have rights and the attorney can protect them. The firm’s mission is to help clients regain their financial freedom by assessing their specific situation and formulating the best plan to meet their needs. The attorneys from the firm know exactly how to deal with all types of lenders and help you to get your life back on track. Many people think that bankruptcy will turn them into a financial recluse and hurt their reputation, when in fact it could benefit them greatly and be just what they need to start fresh. Having helped thousands of people resolve the most serious of debt-related problems, the professional legal team can move forward at once to help you gain relief from pressing bills and constant threats from creditors, and get a fresh financial start. No one likes feeling scrutinized or oppressed because they are simply unable to pay every bill. The legal team understands that times are tough and they will utilize creative solutions to help improve your financial situation and your quality of life. If your finances lie in shambles, don’t lose hope! Please contact Price Law Group today to take the first steps toward a debt-free life!