Marty K. Courson is a Chapter 7 and Chapter 13 Bankruptcy Attorney located in San Francisco, California. Mr. Courson represents consumers and small business debtors. He practices in all Northern District of California Bankruptcy Courts, including the San Jose, Santa Rosa, San Francisco and Oakland divisions. Mr. Courson also files Chapter 7 cases in the Eastern District of California.
Chapter 7 bankruptcy (sometimes called a "straight bankruptcy") is alive and well. The vast majority of people who want to file bankruptcy do not have to file a payment plan type of bankruptcy under Chapter 13. It is true that Congress reformed the bankruptcy laws, making the filing of a bankruptcy case procedurally more complex. But that is the very reason to have an expert bankruptcy attorney, to help a debtor cut through the complexity and get their FRESH START!
To avoid the stigma of bankruptcy, people sometimes throw money down the pit for years - thinking that will somehow help their credit score. However, what they often accomplish is to merely continue their bad credit longer. They could have used the Chapter 7 or Chapter 13 bankruptcy law to simply PULL THE TEETH FROM THEIR CREDITORS and START FRESH. The money thrown down that pit could have been used to save for retirement or feed the children or simply to HAVE A LIFE!
Because of the perceived stigma, people often fall victim to debt settlement and negotiation schemes where all they accomplish is giving their money to strangers and find that they get sued by one or more of their creditors anyway. Had they just talked to a qualified bankruptcy attorney, they might have avoided prolonged and costly misery.
Bankruptcy can help some people INCREASE their credit score substantially in relatively short order (2 to 4 years). Hiring a bankruptcy lawyer is often the first step in seeing the SHINING LIGHT at the end of the tunnel, not the death knell as many people (big banks and other creditors) have stigmatized it. If getting rid of a mountain of debt and stopping lawsuits, garnishments and harassing phone calls is a result you want, then the services of a good bankruptcy attorney may be the solution to your problem.
Most people are concerned that they will "lose everything" if they file a bankruptcy. The truth is, with the generous exemption scheme for property in California, almost 98% of bankruptcy debtors keep everything. Everyone has different property combinations and consumers really need a competent bankruptcy lawyer to advise on what is exempt and what is not.
How can this San Francisco Bankruptcy Lawyer help you?If you are an ordinary California renter, owning basic household goods and possessions, jewelry worth $3,000, a car with $10,000 in equity, a 401k worth $150,000, and $15,000 of good old cash in the bank – ALL WOULD BE EXEMPT! The important thing is to consult with a bankruptcy attorney to:
- Minimize the amount you have to pay to creditors.
- Maximize the property you get to keep.
By: Marty Courson