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The Benefits of Bankruptcy in Modesto, CA

Trustworthy Guidance from the Modesto Bankruptcy Lawyer

Filing for bankruptcy can seem like a daunting idea. Why would anyone want to admit the defeat of financial ruin? Thinking that filing for bankruptcy is the ultimate end-all in your financial life is actually a myth; there can be plenty of benefits to filing for bankruptcy, not the least of which is getting a fresh start. Bankruptcy may be the best option for you to relieve debt and move toward a brighter future. If you are considering filing, then do not hesitate to contact a modesto bankruptcy attorney at Scott Mitchell Law Incorporated today.

Types of Bankruptcy

Under the United States Code Title 11, there are two forms of bankruptcy that individuals and business can file under. Chapter 7 bankruptcy allows individuals to file for "liquidation bankruptcy," or the complete sale of all non-exempt assets to help you pay off debts that you owe. This form of bankruptcy may greatly benefit individuals who have done all that they can to eliminate the debt on their own but were ultimately unsuccessful. Chapter 7 bankruptcy can eliminate credit card debt and any other unsecured debt that is not paid in full.

Under the same Title, Chapter 13 bankruptcy allows individuals the opportunity to file for bankruptcy and still receive the benefits of halts of foreclosure and stoppage of creditor harassment, while retaining all of the property that they owe. Chapter 13 will allow you to pay back your debt under a court-approved payment plan that may take up to five years to pay off. You will receive protection of your assets from seizure or sale and most property will be completely protected from sale to repay debts.

Contact Scott Mitchell Law Incorporated Today

Are you considering filing for bankruptcy? It may be the best option for you and your family. If you are interested in filing, then we encourage you to speak with a dedicated and understanding Modesto bankruptcy attorney from our firm. Over the past eight years, our team has provided the residents of Modesto and surrounding cities with quality representation that they can trust. Do not face the bankruptcy courts alone! Contact Scott Mitchell Law Incorporated today to speak with a dedicated bankruptcy lawyer.

Fees and Payments

Here at Scott Mitchell Law Incorporated, when it comes to fees and payments, we strive to be flexible with clients who are seeking legal representation. We offer payment arrangements, flat fee contracts, and traditional retainer agreements. We understand legal representation is necessary for all, and yet difficult for most to pay the fees all at once. Although we cannot guarantee that everyone will be able to hire us, we do promise to do what we can to make it possible for you to hire one of our attorneys to represent you.