San Luis Obispo Bankruptcy Lawyer
Bankruptcy Services for San Luis Obispo & Santa Maria
If you are struggling to stay financially afloat due to unmanageable debt,
you are probably feeling a great deal of stress and anxiety over your
ability to provide for your family. If this is the case, you may be able
to start financially anew by filing for bankruptcy.
The Law Offices of R. Morgan Holland, L.C., can advise and guide you through
the entire process. With our help, debt relief could be within your reach.
How Can Bankruptcy Help Me Resolve My Debt?
Our Santa Maria bankruptcy lawyer has 30+ years of legal experience and has handled thousands of cases, including bankruptcy matters. We can
carefully look into your financial situation and recommend which form
of bankruptcy is right for you and your family.
Our bankruptcy attorney can help you file for any of the following kinds
Chapter 7 (liquidation) – This bankruptcy is also known as liquidation bankruptcy because
it allows for the liquidation of your nonexempt assets to pay off your
debts. You must meet certain income qualifications to be eligible for
Chapter 7 bankruptcy. In most cases, our clients are able to keep all
of their assets and still receive a discharge of their debts.
Chapter 13 (reorganization) – If you do not qualify for Chapter 7 but need a plan to repay
your debt Chapter 13 can help (also known as the wage earner plan).This
form of bankruptcy can reorganize your debt into manageable payment plans
over a period of several years. Any debt that remains may likely be discharged.
Our team in San Luis Obispo can guide you through the entire bankruptcy
process, including helping you with filing all the necessary paperwork
so you never feel overwhelmed or confused about your options. When you
entrust your bankruptcy matter to us, you can feel peace of mind in knowing
that your case is in good hands.
How Can Bankruptcy Help Me Regain Control of My Life?
Bankruptcy has many benefits other than debt resolution. Filing for bankruptcy
can also be the first step for regaining control of your finances and
your life. Filing gives the debtor an opportunity to be relieved from
the constant harassing phone calls from creditors and credit agencies,
avoid foreclosure, and more. It is important to consult with a bankruptcy
attorney to ensure the best option for your situation and if you meet
When you file for bankruptcy, an automatic stay is immediately implemented.
The automatic stay stops most collection efforts from your debtors, including:
- Harassing communications
- Wage garnishments
- Utility disconnection
If you need to save your home or car, stop a garnishment of your paycheck,
or want to end constant phone calls from creditors, bankruptcy may be
the right choice for you. Learn more about bankruptcy benefits on our
What Debts Can or Cannot Be Discharged in Bankruptcy?
While bankruptcy does provide an effective way to discharge most of your
debts, there are certain types of debts that cannot be discharged. Some
dischargeable debt can also vary between Chapter 7 and Chapter 13.
Debts that can be discharged in bankruptcy:
- Medical bills
- Credit card bills
- Personal loans
- Collection agency accounts
- Past due utility bills
- Car accident debts
- Civil court judgments
Debts that cannot be discharged in bankruptcy:
- Child support
- Certain tax debts such as liens
- Penalties from causing injury or death in drunk driving cases
- Criminal penalties and fines
Discuss your concerns and questions with an experienced bankruptcy lawyer
from our law firm for more information about your specific debts.
Let Our Bankruptcy Attorneys Help You Find a Solution to Your Debt
Our firm understands that if you are contemplating filing for bankruptcy,
you are probably concerned about the financial cost of retaining legal
representation. This is why we proudly offer all our clients a
complimentary case analysis with our legal team. This 30-minute, in-person meeting allows us to explain
a person's legal options while also providing them with an estimated
timeframe and cost for their case.
For the results-driven and reliable legal guidance you need for your bankruptcy
case, please do not hesitate to get in touch with us as soon as possible.