San Luis Obispo Chapter 7 Bankruptcy Lawyers

Finding Debt-Relief Through Chapter 7 Bankruptcy

chapter7Chapter 7 bankruptcy is a form of liquidation that allows a person to obtain relief from most of their debts. If you are struggling with debt and wish to start a new financial chapter in your life, Chapter 7 bankruptcy may be the right course of action for you.

If you are interested in pursuing this debt-relief option, it is essential that you seek the help of our skilled legal team at the Law Offices of R. Morgan Holland, L.C. For over two decades, we have helped thousands of struggling individuals find debt relief. There is hope for you, too. Call our Santa Maria bankruptcy lawyer to learn more.

Help from a Santa Maria Bankruptcy Lawyer

In order to qualify for Chapter 7 bankruptcy, an individual must meet certain requirements. For example, a person cannot have filed for bankruptcy in the last 6 to 8 years and they must prove that they do not have the adequate disposable income to repay their creditors through a Chapter 13 bankruptcy payment plan. How is this determined? A person must pass a "means test," which compares their income to the state's median income.

When filing for Chapter 7 bankruptcy, you will also need to provide the following information:

  • Your current living expenses and income
  • Your debts
  • A list of property owned or money spent during the last two years
  • A list of exempt property, such as home equity, clothing, and furniture

The moment you file for Chapter 7 bankruptcy, you will be protected from creditor harassment as well as wage garnishment, which can give you the peace of mind you and your family need. Our San Luis Obispo bankruptcy attorney can guide you through the entire process, attending creditor meetings with you, defending you from creditor harassment, and handling all the paperwork so that you are always aware of your rights and legal options.

Consult with our firm for free!

Since 1988, our law firm has become known for providing high-quality legal services to clients facing massive debt. With thousands of successful cases behind us, we have the legal resources and experience required to protect your interests, both inside and outside of court. But you don't have to take our word for it. Take a look at what some of our previous clients have to say about the top-notch and client-focused services they received from us.

Contact us to request a free case evaluation with us at your earliest convenience. This consultation will provide you with a better idea of how long your case will take and its cost.