Oakland Chapter 7 Bankruptcy Attorney
Contact Our Bankruptcy Law Firm at (510) 270-2782
The Bankruptcy Law Firm, our legal team is dedicated to helping debtors find viable solutions
for their debt problems. Our Oakland bankruptcy attorneys can help you
determine if Chapter 7 bankruptcy is a viable option for you, and if not,
we can help you decide if a Chapter 13 would be more suitable.
No matter what your circumstances are, our lawyers are here to give you
the answers you need to take swift and effective action.
We never treat you as just another case number or file. We take the time to listen to all of your concerns,
questions, or anxieties. From there, we tailor our approach to reach a completely
customized solution that can help bring the best possible outcome to your
Just a few reasons why we should be your first call:
- Attorney Rita Kostopoulos is a Certified Consumer Bankruptcy Specialist
by the American Board of Certification.
- The Bankruptcy Law Firm was selected as one of the Top 100 Firms by the
Debt Education and Certification Foundation (DECAF).
- We have helped thousands of clients in the Oakland area reach debt-free
living through bankruptcy and other debt relief alternatives.
- We use years of collective legal experience to reach long-term debt relief
solutions rather than temporary or quick fixes.
- We are fluent in various languages, including English, Spanish, Vietnamese,
It is not our job to judge your current situation.
No case is too complex for our Oakland bankruptcy lawyers and we believe that there will always
be a real solution available to your predicament. We would be happy to
help you find the right answers that you are looking for.
Learn more about our outstanding legal team by reading about our attorneys!
If you prefer to speak with us directly, call our offices at (510) 270-2782.
What is chapter 7 bankruptcy?
If you are new to the idea of
bankruptcy, then you may be wondering how the entire process works. There are many
bankruptcy options available for all types of debtors, including consumers
or businesses. Generally speaking there are two major types of consumer
bankruptcies: Chapter 7 and
Chapter 7 bankruptcy is also known as the "liquidation" bankruptcy. A Chapter 7 is
a procedure where a debtor hands his or her assets, minus exempt property,
over to a bankruptcy trustee. The trustee will then sell the assets and
distribute the proceeds to all applicable creditors or lenders. Under
Chapter 7, a debtor can discharge various types of unsecured debt such
as credit card debt, medical bills, personal loans and past-due utility bills.
The types of debt that cannot be discharged in a Chapter 7 include the
- Spousal support or alimony
- Child support
- Certain taxes
- Court ordered fines
- Victim restitution
- Debts for willful or malicious injuries
- Debts for most government funded educational loans
- Debts for personal injury having to do with DUI accidents
- Debts for certain condominium or cooperative housing fees
Because the "nonexempt property" of many Chapter 7 filers amounts
to little to no value, many Chapter 7 cases are considered "no asset"
cases. This essentially means that the debtor will not lose anything.
Shed Your Debt with The Bankruptcy Law Firm
Under a Chapter 7 bankruptcy discharge, a debtor is no longer under personal
liability for a debt. Upon filing for bankruptcy protection, an
automatic stay will be put into effect. This is an order that permanently prohibits creditors
from attempting to collect discharged debts!
Our Oakland Chapter 7 bankruptcy lawyers can help with:
Request Your FREE Bankruptcy Evaluation – Call (510) 270-2782
Are you struggling with crushing debt that you simply cannot afford to
repay? If yes, you may be a candidate for a Chapter 7 bankruptcy. Chapter
7 is often considered to be the preferred bankruptcy protection option
for individuals who qualify under the bankruptcy "means test."
Typically, a debtor of a Chapter 7 bankruptcy case is an
individual rather than a business. A debtor will receive a discharge within a couple
months after filing for bankruptcy, therefore relinquishing his or her
personal liability over certain dischargeable debts.
Let our Certified Bankruptcy Specialist determine if bankruptcy is right for you!
Contact The Bankruptcy Law Firm
today at (510) 270-2782.