Bankruptcy in Anaheim

Thank you for visiting the Anaheim Bankruptcy Law Offices of “insert attorney name”.

When you’re faced with an important life decision, the advice and assistance of an experienced bankruptcy attorney often proves crucial to your understanding of all the issues involved. Please take a moment and visit our “Why hire us” page to see what separates us from the other Bankruptcy attorneys in and around Anaheim.

Anaheim Bankruptcy Overview

• Filing for bankruptcy provides you with a fresh start – not an end.
• Under Federal law, bankruptcy is a process that allows people who are over their heads in debt to eliminate it or work out a payment plan.
• In the United States each year, over one million people file for protection under Federal bankruptcy laws.
• Once you file for bankruptcy, an automatic stay prohibits collectors from harassing you.
• Bankruptcy remains on your credit report for about 10 years.
• You can be held responsible for a debt that you co-signed for another person.

File for bankruptcy when…

• Collection agencies are calling you day and night
• You debts are more than your paycheck
• Your mailbox is filled with collection letters
• You are being sued

Where to File Bankruptcy in Anaheim

Bankruptcy Court for
Central District of California

Santa Ana Division 411 West Fourth Street Santa Ana, CA 92701 714-338-5300

Secured / Unsecured Debt

• Secured
  • Allows a creditor to make claim to your home or car.
• Unsecured
  • Held by creditors that have no claim to your assets (credit cards).

California Bankruptcy Laws - Exemptions

• Exemptions allow you to protect certain types of property when you file for bankruptcy:
  • Home
  • Vehicle
  • Pension
  • Clothing

• Homestead

  • Exemption is $75,000 - living with one or more non-owner family members.
  • Exemption is $150,000 - At least 65 years old, Disabled or 55 years old – annual income is less than $15,000

• Income- Exemption is 75% of all paid earnings

• Vehicles Up to $2,300 – equity in all vehicles

• All Other Exemption of 100% for:

  • Appliances
  • Clothing
  • Personal property - $6,075 is exempt
  • Jewelry - $6,075 is exempt
  • Household furnishings

Conclusion

If you’re afraid to answer your phone because you know a creditor will be on the other end, call the Bankruptcy Law Offices of “insert attorney name” in Anaheim immediately. The thought of bankruptcy can be very frightening; we can help you start fresh.

 

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