Alameda County Bankruptcy Lawyer
One of America's Top 50 Consumer Bankruptcy Attorneys
Alameda County occupies most of the East Bay region of the San Francisco Bay Area; its major cities include Oakland, Fremont, Berkeley, and Hayward. The county was formed in 1853 from a large portion of Contra Costa County and a smaller portion of Santa Clara County. Alameda is Spanish for "A place where poplar trees grow." This name was originally given to the Arroyo de la Alameda (Poplar Grove Creek) because the willow and sycamore trees that grew along the banks of the river reminded early explorers of a tree-lined road, also known as an alameda.
California is among the "sunshine states" including Arizona, Nevada and Florida that were hit particularly hard by the economic downturn and collapse of the housing market. Even today tens of thousands of Californians are still struggling to recover from extended periods of unemployment and foreclosures. If you are among the many Alameda County residents who are burdened by overwhelming debt, you are not alone.
At The Bankruptcy Law Firm, our Alameda County bankruptcy lawyers are here to offer you answers to your questions, information on the bankruptcy process and real, professional guidance on the various debt relief solutions available to you. With one ofAmerica's Top 50 Consumer Bankruptcy Attorneys on our team – we're qualified to help you.
As a full-service bankruptcy law firm, we have helped individuals and couples coming from all different types of debt situations find the relief they were looking for. From business owners, to teachers and people working in the construction or service industries, people from all walks of life are struggling with unsustainable debt loads. If you are beginning to feel the strain of too much debt, or if your credit has already suffered delinquencies, charge offs, collections or liens, it's a wise idea to consider the debt relief options available to you.
Which Chapter is right for me, Chapter 7 or Chapter 13?
Most debtors file bankruptcy under Chapter 7 or Chapter 13. Chapter 7 is generally reserved for debtors with little or irregular income with large amounts of unsecured debts, whereas the Chapter 13, " debt consolidation" bankruptcy is generally suitable for debtors with regular monthly income or debtors who want to save their home from foreclosure. To qualify for a Chapter 7 bankruptcy where a debtor can discharge or "wipe out" certain dischargeable debts, the debtor must pass the bankruptcy means test. For those debtors whose incomes exceed the limits for a Chapter 7, they will be diverted to filing a Chapter 13 instead.
With a Chapter 13 bankruptcy, the debtor is put on a Chapter 13 repayment plan where he or she pays off all or a portion of their off debts over 3 to 5 years. With repayment plans, the debtor pays an affordable monthly payment to the Chapter 13 trustee, who in turn distributes payments to the creditors. During the repayment plan, the debtor has no contact with their creditors.
There are many benefits to both Chapter 7 and Chapter 13 bankruptcies, with one advantage being relief from the "automatic stay," which prohibits creditors from commencing or continuing any collection efforts against the debtor. Another advantage of bankruptcy is that a debtor can rebuild their credit within a few short years providing they follow some simple, yet effective credit restoration steps. By rebuilding one's credit following a bankruptcy, the debtor can typically enjoy freedom from certain debts and a much improved credit rating and at a much faster rate than if they had chosen not to file bankruptcy at all.
Why The Bankruptcy Law Firm?
Let's face it, filing for bankruptcy is a big decision to make and it should always be an educated decision. At The Bankruptcy Law Firm, we will evaluate your situation in order to determine if bankruptcy truly is best for you. If it is not your best option, we will tell you so. We're in business to help people, and this means guiding them in the right direction. Just a few reasons why we should be your first call include:
- Attorney Rita Kostopoulos is a Certified Bankruptcy Specialist by the American Board of Certification.
- Our firm is named among the Top 100 Firms by the Debt Education and Certification Foundation (DECAF).
- Attorney Kostopoulos also holds a Real Estate Broker's license.
· As a bankruptcy law firm committed to outstanding personalized service, we are proud members of numerous legal organizations including but not limited to: the Oakland County Bar Association, the American Bankruptcy Institute, the Consumer Bar Association, the National Association of Consumer Bankruptcy Attorneys and more. If you're looking for professional, competent legal representation for a bankruptcy case, look no further than The Bankruptcy Law Firm!
Contact an Alameda County bankruptcy attorney from The Bankruptcy Law Firm today! We can be reached at (510) 270-2782.