Trusted Legal Advocacy

Bankruptcy Options For Struggling Individuals And Families

When people encounter financial hardships, bankruptcy may offer a path toward solvency, closure or fresh beginnings. Our attorneys at Geurts Law Firm in Huntington Beach provide strategic guidance for clients who are struggling to stay afloat. They benefit from our 20-plus years of experience and diligent approach. We educate them about their options and craft innovative strategies to accomplish their goals.

Whether you’re dealing with a small amount of creditors or facing a mountain of debt, we’re equipped to assess the viability of bankruptcy for you and help you decide the best course of action.

Chapter 7 Vs. Chapter 13: Choosing The Right Path For You

Under the federal Bankruptcy Code, Chapters 7 and 13 are the most common bankruptcy paths for people looking to overcome their debt. Chapter 7, often referred to as liquidation bankruptcy, involves assets above specifically excluded property to pay off debts. It’s an appropriate route when there’s no viable future for you to pay back your property, provides protection from creditor harassment, and allows you to keep certain necessary property.

Chapter 13, on the other hand, is an opportunity for restructuring debt so that you will be able to repay it in the future. This type of bankruptcy allows you to keep all of your property while paying off your creditors through a court-approved repayment plan, usually between three and five years.

The right bankruptcy process for you depends on various factors, and it’s not always straightforward. We can help you weigh the pros and cons of each option, whether that means applying for a repayment plan or seeking a full discharge of your debts.

Let’s Talk Solutions For Your Hardships

Whether it’s time to consider Chapter 7 debt discharge to close the current difficult chapter in your life or Chapter 13 repayment to restructure your debt and create a path toward debt freedom, we’re here to provide the legal guidance you need.

If there’s an alternative to bankruptcy that better suits your circumstances, we’re ready to explore those avenues with you. Contact us today at 714-660-4313 to start the conversation about steering your enterprise in the right direction.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.