Best Bankruptcy Lawyers in Poway, CA

Is a process that when completed will discharge (eliminate) all your debts that eligible for discharge. It is the most common type of bankruptcy relief. You are telling the Court that you are unable to pay your debts and need assistance from the Court. Most student loans are not dischargeable and some tax debts might not be as well. You also cannot discharge alimony and child support.

The majority of people who qualify for Chapter 7 are debtors whose household income is at or below the median income lever of their state. Another way to qualify is if more than half of your debt is considered business debt.

Upon filling the Chapter 13 petition, your creditors are not allowed to collect from you unless authorized in the bankruptcy payment plan or if they receive permission from the bankruptcy court.

It is not common to lose your job due to filing bankruptcy. Most employers will probably not even be aware of the filing. As general rule, both private and government employers are prohibited by law from discriminating against a person who files for bankruptcy. However, some jobs require a certain security clearance.

Your creditors should stop contacting you almost immediately upon filing. Most of them will receive notice electronically, so a 24 to 48 hour window should be the most given to creditors to update their records and cease the phone calls.