Sacramento Chapter 7 Lawyer

Regain Control of Your Finances with Our Support

You never thought it would come to this – but it has. Maybe you've always managed your debts carefully. However, you're somehow drowning in debt that you'll never be able to repay. Month after month, you watch your interest rise higher and higher while your income stays the same. Now you're considering any options - including bankruptcy. You're not alone. More than 700,000 Americans declare bankruptcy each year. Chapter 7 bankruptcy is one of the most common and effective types of debt elimination for both corporate entities and individuals. However, filing chapter 7 bankruptcy can also be a difficult task for those who aren't familiar with it. Stutz Law Office, P.C. is here to help.

Call our Sacramento bankruptcy lawyers at (916) 884-2235 to help you file your Chapter 7 bankruptcy claim. We offer free credit checks and consultations to each client to assess the facts of your bankruptcy situation.

Understanding the Chapter 7 Bankruptcy Process in Sacramento

Bankruptcy used to be a four-letter word among financial circles. However, with the average American's debt increasing in recent decades, some debtors are viewing bankruptcy as a tool to escape debt that they'll never be able to pay.

Chapter 7 bankruptcy is also called "liquidation bankruptcy." That's because it involves selling off all your assets and using the proceeds to pay back your unsecured debtors. 

Unsecured debts include any type of credit without a material asset backing it. For example, some unsecured debts include:

• Medical bills
• Credit card debt
• Utility bills
• Payday loans
• Child support payments

After you declare bankruptcy, you'll be completely debt-free. There are some considerable factors to consider before you file your bankruptcy petition, though. First, your credit will take a significant hit after you file. It'll be difficult for you to open any new lines of credit, from credit cards to a Netflix subscription. Additionally, you'll need to sell the majority of your assets to raise funds to pay off your creditors. That means you'll be left without any possessions. However, with the help of a skilled bankruptcy attorney like the Sacramento lawyers from the Stutz Law Office, P.C., you'll be able to keep a significant number of assets after filing Chapter 7 bankruptcy. 

Contact a Sacramento Bankruptcy Attorney Today

If you have any questions for a Sacramento bankruptcy attorney about the Chapter 7 bankruptcy process, call the Stutz Law Office, P.C. Our bankruptcy lawyer, attorney Matthew Decaminada, has significant experience handling bankruptcy matters. For more than two years, he handled bankruptcies for a multi-state law firm. His background in bankruptcy law makes him a potent ally for anyone who needs reliable, competent debt relief advice. Call the Stutz Law Office, P.C. today to schedule a free consultation with Matthew and get your bankruptcy questions answered.

Contact the office today to speak with a Sacramento bankruptcy lawyer and begin the process.