Copyright 2013 Law Offices of Brian J. Soo-Hoo, APC
CALL US: (714) 589-2252
Chapter 7 - Filing for bankruptcy gives a "fresh start" to everyday consumers who are facing financially difficult situations. In a Chapter 7 personal bankruptcy, all “unsecured” debts, including credit card debts, money judgements, auto repossessions, apartment evictions, are eliminated to give you breathing room from your creditors and provide you a chance at a new life. In certain circumstances, you are able to keep your home and your cars. After bankruptcy, you can start your credit recovery immediately and begin to qualify for credit again after just a few months. Credit card companies usually offer you new credit cards immediately after your bankruptcy is completed. Qualifying for a mortgage will take about two years after bankruptcy. Filing for bankruptcy does not automatically result in 7 to 10 years of bad credit – that is a myth. The most often asked question is how does one qualify for Chapter 7 bankruptcy? Call our office at (714) 589-2252 and we can qualify you over the phone.
Chapter 13 - A Chapter 13 bankruptcy is a tool best used when:
(2) You are not eligible for a Chapter 7 discharge, usually because you previously filed a Chapter 7 bankruptcy
and received a discharge within the past eight years, and need the protection of the bankruptcy court to
stop creditors and aggressive collection tactics
(3) Your income is high enough where you would not qualify to file a Chapter 7 bankruptcy
In a Chapter 13 bankruptcy filing, we will design a Chapter 13 repayment plan that will allow you to pay back a portion of your debts through a court monitored repayment process. Your mortgage home lender may be prohibited from foreclosing on your home while you are in an active Chapter 13 bankruptcy. If you would like more information about how a Chapter 13 bankruptcy filing may best benefit you, call our office at (714) 589-2252.
Collection litigation defense, and prosecuting violations of the Fair Debt Collection Practices
Act and the California Fair Debt Collection Practices Act Rosenthal Act).