Call 650-577-5950 For a Free Consultation
When it comes to finding the best Palo Alto bankruptcy lawyer for solving your problems, then there is no one better for you than EH Law Group.
Our team of professionals is among the best legal representation in the business.
We particularly specialize in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. Read more about our services in these areas, below.
Chapter 7 bankruptcy deals with wiping out most kinds of overwhelming debt. It is the most common form of bankruptcy in the United States and can be filed by a person, partnership or business entity. Some typical features of Chapter 7 are:
There are several steps in the process of filing for Chapter 7 bankruptcy:
A Chapter 13 bankruptcy (also known as wage earner’s plan or debt reorganization) enables individuals with income to come up with a plan to pay off all or part of their debt over a period of time. Typically, under this procedure, debtors come up with a proposed a 3-year or 5-year plan to pay back some of their debts in installments. Only individuals can file for Chapter 13. Some of its basic features are:
The steps involved in filing for Chapter 13 are as follows:
You might be wondering which of the two chapters is right for you. That depends completely on your situation.
If, for example, most of your problem debts are those which can be discharged under Chapter 7, the total amount of your outstanding debt is 50% more than your annual income, or there is no way you can pay your debts no matter how strict a regime you stick to for the next 3-5 years, then Chapter 7 might be more suited to you.
Chapter 13 is the better option for you if your main problem is secured debts and you can come up with a proposed plan to pay back the debt within the specified 3-5 years. There is a lot more to consider before finding which Chapter is the better fit for you and that is why hiring competent legal representation is of the essence. A good bankruptcy lawyer will take your needs and your situation into account and, matching it with his in-depth knowledge of both the chapters, come up with the most ideally suited solution for you.
When it comes to a Palo Alto bankruptcy lawyer, EH Law Group is a name that stands out. We are intimately aware of everything to do with Chapter 7 and Chapter 13 bankruptcy laws- particularly with the state laws applicable to both. Our experts are qualified professionals with considerable experience in the field of filing for bankruptcy. There is a long list of things that sets us apart from the rest:
At EH Law Group we take pride in our work and are humbled by the trust our clients put in us at a trying time in their lives. This is why we do everything possible to make this experience as easy on you as possible while doing our best in minimizing your losses. So, if you are anywhere in the Palo Alto or surrounding areas and need help with bankruptcy issues, please give us a call.
You deserve a fresh start!
We help you get it by being there from the start all the way to the end.