#1 Rated Bankruptcy Lawyers in San Diego

The cost of filing bankruptcy in San Diego can vary depending on the type of bankruptcy you file. Chapter 7 bankruptcy can typically cost between $300 and $1,500 to file, while Chapter 13 bankruptcy can cost between $200 and $1,000. However, these costs may be lower or higher depending on the individual's case.

Cost of Bankruptcy

If you are considering filing for bankruptcy, it is important to consult with an experienced attorney who can help you understand your options and guide you through the process. Contact our law office for more information about the cost of filing bankruptcy in San Diego.

The main difference between Chapter 7 and Chapter 13 bankruptcy is that in a Chapter 7, the debtor's nonexempt assets are liquidated to pay creditors, while in a Chapter 13, the debtor's debts are restructured so that he or she can repay them over time.

Chapter 7 Bankruptcy

In a Chapter 7 bankruptcy, the debtor gets a "clean slate" and is discharged from most of his or her debts. A Chapter 13 bankruptcy, on the other hand, allows the debtor to keep most of his or her property and to repay creditors over time.

There are other important differences between these two types of bankruptcy as well. For instance, in order to file for Chapter 7 bankruptcy, the debtor must pass a "means test" that

Bankruptcy can clear all debt, but there are a few things you need to know about bankruptcy first.

When you file for bankruptcy, the court orders a "bankruptcy discharge." This order eliminates most of your debts. However, not all debts are eliminated. Debts that cannot be discharged in bankruptcy include child support and alimony payments, some taxes, student loans, and court fines.

Filing for Bankruptcy

In most cases, filing for bankruptcy can provide relief from creditor harassment and give you a fresh start financially. However, it's important to remember that bankruptcy is a serious decision that should not be taken lightly. Speak with an experienced bankruptcy attorney at our san diego office to learn more about how filing for bankruptcy can help you get back on track financially.

When you file for bankruptcy in San Diego, California, the court will appoint a trustee to oversee your case. The trustee will review your financial situation and make recommendations to the court on how to best repay your creditors. Typically, this involves liquidating some of your assets and using the proceeds to pay off your debts.

In most cases, filing for bankruptcy can provide relief from creditor harassment and give you a fresh start financially. However, it's important to remember that bankruptcy is a serious decision that should not be taken lightly. Speak with an experienced bankruptcy attorney to learn more about how filing for bankruptcy can help you get back on track financially.

A good bankruptcy attorney should be experienced, knowledgeable and established. All attorneys only deal with attorneys and attorneys also need to deal with courts and creditors, so it's best to look for bankruptcy attorneys with a good track record in dealing with these people.

Online Reviews for Bankruptcy Attorneys

You should also look for bankruptcy attorneys with good reputations. You can find the good and the bad attorneys online by looking for their reviews and testimonials. You can also ask your friends and family members if they know any reputable bankruptcy attorneys.

If you are considering filing for Chapter 7 bankruptcy, you will need to pass a means test before applying. The means test looks at your income and expenses to decide if you can repay enough of your unsecured debts to your creditors. If you can pay enough of your debt on your own without filing for bankruptcy, you will not qualify for a Chapter 7 bankruptcy. What happens if you want to file for Chapter 7 bankruptcy but do not need the means test? There are several different options available to you.

Review the Means Test for Accuracy

If you calculated the means test on your own, we recommend requesting assistance from a lawyer. A bankruptcy lawyer can review your case and help you determine whether you failed the means test or whether a mistake caused you to fail. The means test is one of the most complicated forms debtors need to complete in the bankruptcy process. As a result, making mistakes is common. Some of the most common mistakes include the following:

•  overestimating your income

•  using the wrong household size

•  underestimating or missing important deductions that you are left to take

Delay Your Filing if You Can Pass the Means Test Later

When you complete the means test, it will request information about your average income for the six months before you filed for bankruptcy. If your situation has changed in the last six months, the means test may not accurately reflect your financial circumstances. For example, if you lost your job or received a pay cut, waiting a few months to retake the means test would lower your average income and could allow you to qualify for a Chapter 7 bankruptcy.

File for Chapter 13 Bankruptcy Instead

If you have availed yourself of the options listed above and you still cannot pass the Chapter 7 means test, it is time to consider filing for Chapter 13 bankruptcy. In a Chapter 13 Bankruptcy, you will work with the bankruptcy trustee to develop a plan for how you can repay a portion of your debts over a three to five-year time frame. The trustee will consider your income, expenses, and non-exempt property to determine the amount of your monthly payments. 

Most debtors only end up paying pennies on the dollar toward their unsecured debt, such as medical bills and credit cards. Even if you were not eligible to file for Chapter 7 bankruptcy, filing for a Chapter 13 Bankruptcy could significantly help you. 

Contact a San Diego Bankruptcy Lawyer

If you would like to discuss the options available to you, the best thing you can do is discuss your case with a bankruptcy lawyer. The best thing you can do is discuss your case with a bankruptcy lawyer. Our experienced lawyers have helped many San Diego residents file for bankruptcy at Bankruptcy Law Center and began a fresh chapter of their lives. Contact us today to schedule your free initial consultation.

Many people have a misconception about bankruptcy, believing that it is a reflection of financial irresponsibility. However, it is important to debunk this myth and shed light on the reality. Did you know that recent academic research has shown that a significant portion of bankruptcies, approximately 65.5%, are linked to medical issues? This statistic indicates that the majority of individuals who file for bankruptcy are doing so as a result of unforeseen medical expenses rather than poor financial management.

In fact, it is startling to discover that each year approximately 530,000 families are forced to file for bankruptcy due to overwhelming medical debt. These families face the difficult choice of prioritizing their health or financial stability, often finding themselves in a situation where bankruptcy seems like the only viable solution.

Understanding the true reasons behind bankruptcies can help dispel the misconception that it solely reflects financial irresponsibility. Medical issues, which are often unpredictable, can place an immense burden on individuals and families, leading them to seek a fresh start through bankruptcy as a means of relieving the overwhelming debt and providing an opportunity for financial recovery.

In light of this, it becomes clear that bankruptcy should not be stigmatized as a sign of poor financial choices, but rather as a necessary step for individuals and families to regain control of their financial well-being.