Top Davis Bankruptcy Attorney

Should I file for bankruptcy in Davis

There is never a quick answer to this question. Generally, if you can pay off your debts within three to five years then filing for bankruptcy is not a good idea. If this is not possible, then filing may be a viable solution to eliminate your financial obligations. If you are contemplating filing for bankruptcy protection, it is in your best interest to seek advice of a bankruptcy attorney who can evaluate your individual circumstances to determine which course of action is best for you.

What about my personal property or home?

Generally, all of the property you own at the time of the bankruptcy filing becomes the property of the bankruptcy estate. Certain property is exempt and you will be able to keep that property. California has two schedules of exempt property. The set of exemptions you should use depends on the nature and value of your property. Often, all of your assets can be protected.