Are you in over your head in credit card debt? Is your phone always ringing from creditors? Are you unsure of where to turn? A Santa Cruz Bankruptcy lawyer may have the answers you need. A Santa Cruz Bankruptcy attorney can give you the help you need with any bankruptcy matter. The attorney will guide you through the process and explain the laws and functions of the case. They can give you relief from pressing debt.

When filing for bankruptcy, your bankruptcy attorney will give you general information about the five chapters of bankruptcy and which best suits you. Chapter 7 deals with liquidation. Chapters 9, 11, 12, and 13 deal with debtor rehabilitation which involves a court-approved reorganization plan and a schedule of payment plans. Your bankruptcy attorney can decide what plan is best for you and guide you through the process.

Chapter 7 is also known as “straight bankruptcy”. It is the one most people think of when they think of bankruptcy. This involves liquidating all of your assets and using the money towards paying off your debts. At the end of the process, you will be declared free of all debts owed.

Municipal debts can be taken care of through Chapter 9. A federal process, similar to Chapter 11, it covers all municipalities such as town, counties, villages, school districts, and such. Chapter 11 is more designed for indebted commercial businesses. It allows the owners to keep running their businesses as they pay off their debts.

Chapter 12 gives much needed relief to family farmers. Your Santa Cruz attorney can submit a debt relief plan that is stretched out over three years. If this is not long enough, the court can approve an extension up to five years.

Chapter 13 gives much needed debt relief to both consumers and individuals. Usually the most favored of chapters, Chapter 13 lets you keep your most valuable assets like houses and cars. Unlike Chapter 7, not all of your assets are liquidated. The plan of action for Chapter 13 is considered at a confirmation hearing and is either disapproved or approved.

If you are facing foreclosure, repossession, liens, or lawsuits, a Santa Cruz Bankruptcy lawyer can help. They can guide you through the process and decide which path is best. An experienced Santa Cruz Bankruptcy attorney can give you the information you need to clean up your debt. They know what unpaid bills can be eliminated, what you can keep, and any other details about the bankruptcy. A Santa Cruz Bankruptcy lawyer is there for you.