San Diego Bankruptcy
The law firm of Avatar Legal, PC, helps individuals and small business owners who are overwhelmed with debt by providing bankruptcy and debt negotiation services. A crushing debt load can prevent you from meeting your day to day needs. By wiping out this debt, we help you regain financial stability for the future.
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| Chapter 7 bankruptcy is what most people think of when contemplating bankruptcy. In a Chapter 7 bankruptcy, most debts are completely wiped out in 4-6 months. The trustee “liquidates” your property to pay as much debt as possible. In most cases, debtors are able to keep most or all of their property through bankruptcy “exemptions.” |
Chapter 13 Bankruptcy is essentially a payment plan. In a Chapter 13 Bankruptcy, you can keep your property even if you would not have enough exemptions under a Chapter 7 bankruptcy. In exchange, you make monthly payments to the trustee over a 3 to 5 year period. The trustee distributes these payments to your creditors. Any unpaid debt at the end of the plan is wiped out. |
When businesses fail, there are a number of options to shut the business down. This includes Chapter 7 and Chapter 11 bankruptcies, assignment for the benefit of creditors, or strategic negotiations with major creditors. At Avatar Legal, PC you receive representation from both a bankruptcy attorney and a business attorney to implement the right option for your business. |
Avatar Legal, PC is located in Carmel Valley of San Diego, California. Our law firm provides bankruptcy and insolvency services for people throughout San Diego County. Bankruptcy and insolvency services can be used to wipe out personal debt (including medical debt and credit card debt), stop creditor harassment, prevent foreclosure, freeze lawsuits, and shut down businesses gracefully. Please call us today to set up a free initial consultation. Our bankruptcy attorney will analyze your specfic finanal situation to determine the best solution to reduce your debt. |
