Chapter 7

Salinas Chapter 7 Bankruptcy Lawyer

Are you overwhelmed with credit card debt, medical bills or other loans? Are you tired of the creditors calling and fear your wages are going to be garnished? Get the financial freedom that you deserve and call Central Coast Bankruptcy, Inc., in Salinas, Monterey, Oakland and San Jose, California. Our firm provides knowledgeable and personalized legal services for all types of debt relief. We will listen to your problems and your future goals and determine if Chapter 7 bankruptcy is right for you.

What Is Chapter 7 Bankruptcy?

Chapter 7 is the program most people think of when they think of bankruptcy. It is sometimes referred to as a "full" or "straight" bankruptcy. Those who qualify are able to discharge many debts, including:

• Credit cards
• Medical debt
• Personal loans
• Lawsuit judgments
• Car loans or leases
• Some kinds of tax debts

Chapter 7 is best suited for people with unsecured debt and few assets. If you do not own a home, do not have many valuables or investments, have a car loan or an older car, Chapter 7 may be right for you.

Compared with other bankruptcies, Chapter 7 is quicker — the entire process usually lasts only four to six months. The most important advantage to a Chapter 7 is that it makes it possible to get rid of a lot of debt relatively quickly.

There are important cautions and restrictions on the Chapter 7 program such as the following:

• ​Certain kinds of debts can't be discharged in a Chapter 7.
• Another important caution about Chapter 7 is that certain assets can be seized and sold by the court for the benefit of creditors.
• Not everyone is eligible for a Chapter 7. If you have enough income to pay back some of your bills, you will not be permitted to file a Chapter 7. Click here to determine what type of bankruptcy is right for you.​
• Many of the disadvantages described here are not present in a Chapter 13.
  

Contact an Experienced Monterey Credit Card Debt Attorney

The information on this page is just a basic summary. It is important that you review your debts with our attorney, Jason Vogelpohl, to find out what you qualify for. We will make sure your interests, property and family are protected. Call us at 831-783-0260 to speak with attorney, Jason Vogelpohl, or E-mail to learn about your debt relief options.