When your financial situation has gotten to the point to where you can no longer afford to pay your consumer debts, you may need to think about filing for bankruptcy. If Glendale, California is home to you and you find yourself in this particular financial situation, you should contact a lawyer that handles Bankruptcy in Glendale in order for you to find a possible solution to your financial thicket.
When you speak with an attorney that handles bankruptcy, the attorney is going to suggest two types of bankruptcy proceedings that you may want to petition for. The first will likely be chapter 7. This type of bankruptcy is mainly for consumer related debts and this bankruptcy can help eliminate many of those debts to allow you to start with a clean slate. However, in the state of California you will have to undergo a means test to determine whether you and your debts are eligible for Chapter 7 bankruptcy. Fortunately, your attorney will help you to prepare for this so that you’ll know what to expect from this test and from there, you and your attorney can determine the best course of action.
If you’re in a financial situation that you can’t seem to resolve on your own, a quick visit to cantpay.com may offer you a possible solution. This website will give you the opportunity to learn a bit more about the different types of bankruptcy and will help you to determine which type of bankruptcy is best for you to petition the courts for. From there, you can speak with an attorney that specializes in Bankruptcy in Glendale CA, so that you can get your petition for bankruptcy with the courts started as quickly as possible.
You’ll also have the option of choosing a chapter 13 bankruptcy. This type of bankruptcy gives you the opportunity to repay either all or a portion of your consumer related debts in manageable monthly installments as determined by the courts. While this type of bankruptcy may discharge some of your debts, you will largely be responsible for paying for these debts, over the course of 3 to 5 years.
