Most people are eligible for a Chapter 7 “straight” bankruptcy where they get rid of all their debts from credit cards, post-foreclosure mortgages, repossessed cars, medical bills, judgments and the like. Few people with an expert bankruptcy lawyer have any assets at risk in a Chapter 7. With the generous exemption scheme for property in California, almost 98% of bankruptcy debtors keep everything.
Chapter 13 is the gold standard for consumers who need to reorganize their financial affairs. Among other things, a Chapter 13 may permit you to strip away an underwater 2nd mortgage, “cram down” a car loan to the value of the car and pay it at a lower interest rate, play catch up with back mortgage payments, pay co-signed student loans in full and pay off required tax debts to the exclusion of credit card debts.
COURSON LAW - BANKRUPTCY
Marty Kevin Courson, San Francisco Bankruptcy Attorney
"My goal is to personally help each and every client achieve a debt free future NOW! I leave judgments at the door and focus solely on helping my clients get off the seemingly never ending debt merry-go-round."
"That the bankruptcy is discharged and that I'm free from the henchmen from the credit card companies is a relief to say the least. What would otherwise be an awful, humiliating and negative experience was made tolerable by your candor, expertise and sense of humor, for that I thank you."
J.C., Chapter 7 Client
201 Spear Street, Suite 1100
San Francisco, CA 94105