San Diego Bankruptcy: Why should you file BK?
First and foremost, file a bankruptcy if you are, or have been, sued. If you are being sued, and you own a home, we strongly urge you to speak with a Sagaria Law San Diego bankruptcy attorney immediately about filing a bankruptcy. A bankruptcy will freeze a lawsuit immediately and prevent your creditors from placing a lien on your home or garnishing your wages.
Similarly, a bankruptcy will offer immediate help if your San Diego home is being foreclosed or if your car is about to be repossessed. If it is, very often bankruptcy may prevent the foreclosure action or repossession from proceeding. You will likely be able to consolidate your mortgage arrears or automobile balance and make payments on those debts over time through a payment plan designed by you and your attorneys. There are differences, however, between the relief available under Chapter 7 versus Chapter 13 bankruptcies. A Sagaria Law San Diego bankruptcy attorney can discuss with you those options.
If your credit cards and/or medical bills have you so deep in debt that it is hard for you to pay for necessities, a bankruptcy may be right for you. If you are only paying the minimum payment on the credit card bills from month to month, and the interest rate is only 15%, you will take about 20 years to pay off a $10,000 debt. San Diego debtors typically have much larger debt than this. At Sagaria Law, we can provide you with a fresh start, regardless of how much you owe.
Similarly, a bankruptcy will offer immediate help if your San Diego home is being foreclosed or if your car is about to be repossessed. If it is, very often bankruptcy may prevent the foreclosure action or repossession from proceeding. You will likely be able to consolidate your mortgage arrears or automobile balance and make payments on those debts over time through a payment plan designed by you and your attorneys. There are differences, however, between the relief available under Chapter 7 versus Chapter 13 bankruptcies. A Sagaria Law San Diego bankruptcy attorney can discuss with you those options.
If your credit cards and/or medical bills have you so deep in debt that it is hard for you to pay for necessities, a bankruptcy may be right for you. If you are only paying the minimum payment on the credit card bills from month to month, and the interest rate is only 15%, you will take about 20 years to pay off a $10,000 debt. San Diego debtors typically have much larger debt than this. At Sagaria Law, we can provide you with a fresh start, regardless of how much you owe.
