Bankruptcy Attorney San Diego

Since 2014, SDCHB, LLC. has helped countless homeowners facing financial hardships in many ways. If you’re searching, “bankruptcy attorney San Diego,” there are several things you need to consider before filing. Every bankruptcy attorney in San Diego is not the same and choosing the right attorney can be difficult. Just know that you do have options when and before filing for bankruptcy, be it Chapter 7 or Chapter 13. First, you should consider your goals – that is, look at why, specifically, you are considering filing for bankruptcy.

If your main issue is to stop harassment from creditors, then bankruptcy might not be the best way to go about stopping the harassment. Taking advantage of debt collection laws, be it on the federal or state level, can help to get creditors off of your back. These laws are known for protecting debtors from abusive debt collector conduct – and you should definitely know that plenty of debt collectors will overstep their boundaries, especially with debtors who do not know or care about the rules.

NEGOTIATE

Try negotiating with your creditors. Yes, this actually does work. If you do indeed have income, or have valuable that you are willing to sell, perhaps you’re better off working things out with your creditors. Negotiating can actually buy you a little time that can help you to get back on your feet. Even better is that some creditors will agree to settle your debts – settling them for less than you owe.

CREDIT COUNSEL AGENCIES

If you’re not comfortable working things out with your creditors, be it you’re not comfortable with the tactics of negotiating or the very thought makes you sick to even think about, consider asking for help from a nonprofit debt counseling agency. Agencies like these work with you and help you to work toward repaying your debt then bettering your financial picture. SDCHB, for example, prides itself in helping people in bankruptcies in numerous ways, from refinancing your existing mortgage to buying your property for top dollar. We even work with properties that are overleveraged.

RE: Bankruptcy Attorney San Diego

DEBT COUNSELING vs. CHAPTER 13

Working with a debt counseling agency is a little like filing Chapter 13 bankruptcy. Like Chapter 13, an agency helps you make a plan to pay back your creditors over a set amount of time. However, there is one advantage to taking this route: your credit report will not show a bankruptcy. On the flip side, there are some disadvantages. One disadvantage would be that if you miss a payment, you are protected under Chapter 13 when creditors start collection actions. Debt management programs simply cannot do this. Debt counseling programs also require that you pay off your debts. With Chapter 13, you pay a small portion of unsecured debts.

DON’T MAKE A MOVE

For many people, particularly people who are very deep in debt, the best way to handle bankruptcy is to do absolutely nothing. Yes, you read right. Doing absolutely nothing can work very much in your favor. If your plan is to live simply, with little income and property, you and your life might be what is called “judgment proof.”

Being judgment proof simply means that any creditor or person period can sue you, even to the point of court judgments against you, and nothing will happen because you have nothing they can legally take. And only when dealing with taxes can you be thrown in jail. Plus, creditors can’t take essentials like clothing, furniture, food, Social Security, unemployment, or public assistance benefits.

If you are looking to settle your debts, and hope to have a more prosperous future rather than having to live with judgments over your head, selling your property is probably the very best option you have. Even if you file for bankruptcy, selling your home for top dollar is a far better option than letting the house go to creditors – a situation where you won’t get what the house is really worth. Consider selling your home for cash because what you profit from doing this might very well be enough to clear yourself of all debts and make your life a whole lot easier. For a list regarding your search “bankruptcy attorney san diego,” click the link below. We will send you the bankruptcy attorney san diego list that we most recommend if you feel your best option is to file for bankruptcy.

This article was written for informational purposes only as it pertains to Bankruptcy Attorney San Diego. We are not attorney’s ourselves, but expert real estate professionals who speak to our experience.

For more information on we can help you buy or sell a home, contact Christian Weatherspoon by phone at (619) 500-2444 or visit our contact us page and get in touch! Click here to find a bankruptcy attorney san diego