Are you searching the internet for answers to what should I ask a bankruptcy lawyer? Brooks Law Office is a leading attorney firm specializing in helping our clients get out of debt. Jon Brooks is a skilled bankruptcy lawyer in San Jose with an exceptional track record.
How does Chapter 7 bankruptcy in San Francisco work?
Chapter 7 is a liquidation-type of bankruptcy available for individuals and business entities that discharge qualifying debts, like credit card balances, medical bills, and personal loans. Your disposable income must be low enough to pass the Chapter 7 Means Test to file for bankruptcy under chapter 7. Under chapter 7, you will receive a discharge within three to four months, and as a trustee, you can sell all the non-exempt property to pay your creditors.
One of the many benefits of chapter 7 bankruptcy is that it allows debtors to discharge qualifying debts quickly, allowing them to start fresh. However, it does not allow the trustee to catch up on missed payments to avoid repossession or foreclosure. Besides, you are also free to apply the sales proceeds to non-dischargeable debt first, and that way, the amount you would owe would be lower once the case ends.
What does a bankruptcy lawyer do for you?
Individuals who file for bankruptcy may choose to proceed without an attorney, provided the case is straightforward. Nevertheless, it’s never a good idea to handle your bankruptcy case by yourself. Here are some of the benefits of hiring a bankruptcy attorney:
- You do not have to file bankruptcy to achieve financial peace. A bankruptcy lawyer in the Bay Area can suggest you other appropriate alternatives.
- Chapter 7 and Chapter 13 serve different purposes, and as a non-legal person, you may find it a challenge to work your way around them. Bay Area bankruptcy lawyers will consider your needs and goals carefully and recommend the most appropriate course of action.
- Your attorney will help you with the paperwork, advise you on what you must disclose, help you value assets, and educate you on what constitutes income, expenses, and which tax returns to supply.
If you’re looking to file for chapter 13 or if your Chapter 7 case involves valuable assets, you could lose a lot more money by filing without an attorney. An experienced attorney will quickly recognize any potential hiccups in your case, plan and prepare accordingly, and save you from an overwhelming amount of stress.
What is the minimum debt to file bankruptcy?
Even if you do not have many debts, you may still file for bankruptcy if that’s what you want. However, there is a good chance for the bankruptcy court to find your case unsettling. Not to mention, filing for bankruptcy will impact your credit report for up to ten years. Meet with an attorney who can help you weigh the detriment of facing long-term credit damage against the benefits of discharging your debts.
Contact Brooks Law Office at 408-286-2766 to schedule a free consultation with our bankruptcy lawyer in San Jose. To learn more about our law-related services, visit our official website here. Brooks Law Office is a highly sought-after law firm, and Jon G. Brooks possesses over 17 years of experience in working tirelessly for the rights of debtors.
Jon Brooks was wonderful to work with on filing for bankruptcy. He is professional, polite, and very detailed. I'm so grateful I'm debt free... Read moreMichelle D., San Jose
I just wanted to take this time to say that I had the privilege of being represented by my bankruptcy attorney Jon. At first I was really te... Read moreFrank S., San Jose
Jon focused on the key issues quickly, and knew critical answers I could not find elsewhere – even from other attorneys! I highly recommen... Read moreC.C., San Jose
If you are reading this, chances are you haven’t been on a ‘winning streak’ in your life lately. When my wife and I came in to see Jon... Read moreKeith A., San Jose
Jon provided me with the pros and cons of what type of bankruptcy to file which I understood very well as they were presented to me and my w... Read moreTony G., Fremont
Jon Brooks demonstrated confidence, compassion, and professional integrity while handling my challenging bankruptcy case. He skillfully disc... Read moreLisa C., Palo Alto
I can't thank Jon enough for helping us through the most difficult time in our life. Coming to the conclusion that I had to file bankruptcy ... Read moreJ.S., San Jose
Choosing Jon to represent me in my bankruptcy case was the best decision I have ever made! He is extremely knowledgeable and explained every... Read moreSara L., Campbell
Jon Brooks helped us get a fresh start without making us feel ashamed for our bankruptcy. He and his staff were professional to an ultimate ... Read moreY. Carter and D. Carter, San Jose
I am a young single mother that went through a very difficult time and knew bankruptcy was the smartest option for me at the time. Mr. Brook... Read moreS.M., San Jose
We were saved by the office of Jon Brooks when our country was in the Great Recession. They solved our second mortgage and debt problems pow... Read moreSam S., San Jose
Jon Brooks and his wonderful team helped me with my bankruptcy case and gave me back my peace of mind. My initial (free) consultation with M... Read moreRaquel P., San Jose
Read more testimonials...
Recent Blog Posts
Dos and Don’ts Before Filing Bankruptcy in San Jose
Considering Filing Bankruptcy? These Dos and Don’ts Will Go a Long Way Toward Ensuring Your Bankruptcy Case Goes Smoothly First, let’s start with the things you should do now if you are considering filing a personal ...Read more
Credit and Debt Are Two Different Things! How Bankruptcy Helps Each
Bankruptcy, Debt and Your Credit Report I am contacted nearly every day about whether I can “clean up” someone’s credit report. It usually goes like this: the person has just been denied from renting an apartment...Read more
Why Car Title Loans Are Always a Bad Idea
You paid off your car or truck loan. Congratulations! It likely took up to five years to do that, and you justifiably feel proud of that fact. But unfortunately due to an unforeseen circumstance, you now need money...Read more