Top Bankruptcy Attorney Servicing Folsom California

Filing for bankruptcy is not something anyone wants to go through, but if you are struggling with debilitating debt filing Chapter 7 bankruptcy could be the right move for your financial future. Many individuals in the Folsom area who are grappling with overwhelming debt choose to file Chapter 7 bankruptcy, a debt relief option that effectively discharges all unsecured debts, including medical bills, credit card debt, personal loans, and debts from foreclosure and vehicle repossession

How do I know if I qualify?

Chapter 7 bankruptcy relief is only available to individuals who pass the qualifying means test, a test intended to weed out individuals who would be able to repay their debts under a Chapter 13 repayment plan. In other words, in order to declare Chapter 7 bankruptcy in greater Sacramento and Folsom area, you must demonstrate to the court that you can not afford to repay your debts. If you were able to do so, you would be better suited to Chapter 13 reorganization bankruptcy, which is a restructuring of your debt into a manageable repayment plan that allows you to repay all or a portion of the debt over the course of three to five years.