What is the cost of hiring a bankruptcy attorney 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. 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.

What is the difference between Chapter 7 and Chapter 13 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. 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.

Which type of bankruptcy can clear all my debts in San Diego?

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. In most cases, filing for bankruptcy can provide relief from creditor harassment and give you a fresh start financially. Speak with an experienced bankruptcy attorney to learn more about how filing for bankruptcy can help you get back on track financially.

What should I expect after filing for bankruptcy in San Diego?

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. Speak with an experienced bankruptcy attorney to learn more about how filing for bankruptcy can help you get back on track financially.

How can I find a reputable bankruptcy lawyer in San Diego?

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. 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.

What options do I have if I do not qualify for Chapter 7 bankruptcy in San Diego?

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. There are several different options available to you such as reviewing the means test for accuracy, delaying your filing, or considering Chapter 13 bankruptcy instead. It's advisable to consult with a bankruptcy lawyer to discuss your options further.

Truth on What is the Downside of Filing for Bankruptcy?

Ahren Tiller

August 14th, 2021

Filing for bankruptcy is a big decision. Bankruptcy has a negative stigma that is not always well deserved. Many people are understandably concerned that if they file for bankruptcy, they will lose their home, car, and all of their possessions, but what is the downside of filing for bankruptcy? The purpose of bankruptcy is to provide people with a fresh financial start, and for many people, filing for bankruptcy does just that. However, there are some negative consequences of filing for bankruptcy that you should understand before submitting your petition.

Negative Effects on Your Credit Score

After you file for bankruptcy, the bankruptcy will appear on your credit report for up to 10 years.
If you apply for a loan of $150,000 or more, the bankruptcy may appear on your credit report for longer than 10 years.
Being Unable to Get a Car Loan or Mortgage Loan. Once you have a bankruptcy on your credit report, you will need to wait before qualifying for a car loan or mortgage. When you do qualify, you will probably pay higher fees on the loan and higher interest.
You Cannot Discharge Every Debt. You will not be able to have every type of debt discharged after bankruptcy. For example, the bankruptcy court will not discharge your student loans, child support, alimony, and recent tax debts.

How a bankruptcy filing will affect your overall credit depends on several different factors. If you had a low credit score before you filed for bankruptcy, the bankruptcy would not have a significant impact. However, if you had a good credit score before filing for bankruptcy, you will notice that your score will take a sharp decline after you file.

Keep in mind that you may be able to improve your credit score more quickly overall by filing for bankruptcy. Filing for bankruptcy can help you pay your bills on time, improve your debt to income ratio and begin building a positive financial future.

Waiting to Get Another Bankruptcy Discharge

Timing is everything when it comes to filing for bankruptcy. When you petition the court for a Chapter 7 bankruptcy, you will not be able to get another Chapter 7 bankruptcy discharge for at least eight years. Similarly, if you file for chapter 13 bankruptcy, you will not be able to get another chapter 13 bankruptcy for four years. If you anticipate having continued financial problems in the future, such as losing your job, it may be wise to wait to file for bankruptcy. If you file for bankruptcy but cannot find another job and face mounting bills again, you will not be allowed to file for a secondary bankruptcy until the required time has passed.

Contact a San Diego Bankruptcy Lawyer Today

Are you considering filing for bankruptcy, but you are concerned about the negative aspects of filing? If so, the experienced bankruptcy lawyers at Bankruptcy Law Center are here to answer your questions and guide you through the process. Contact us today to schedule your free initial consultation.

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