Our Murrieta area law firm has been helping residents of Murrieta CA from our Temecula Valley bankruptcy office to file for Chapter 7 bankruptcy and Chapter 13 bankruptcy protection for years.
We have an experienced legal staff that can help you examine your options and make an informed decision. Our focus is on examining your financial situation and facts and explaining the different options available to help you resolve your situation.
Often people choose to sell their property and use all their savings and retirement before considering bankruptcy as an option. Bankruptcy should not be the last resort to consider but should be an option that will help you protect your savings, assets and retirement from creditors.
The bankruptcy code was developed to assist individuals and businesses in eliminating debt and rebuilding their financial future. Chapter 7 and Chapter 13 bankruptcy are the main chapters used by individuals to eliminate or reorganize their debts.
A Chapter 7 bankruptcy is often referred to as a liquidation bankruptcy where unexempt assets are liquidated to pay creditors. In the majority of cases creditors do not receive any distributions and no assets are liquidated. In most Chapter 7 bankruptcy cases the California bankruptcy exemptions protect assets from creditor liquidation.
