From Bankruptcy Attorney Adam Garcia
I own and operate Sacramento Law Group, a bankruptcy firm dedicated to helping people achieve debt relief through bankruptcy. If you are experiencing financial difficulty and need debt relief, I encourage you to call my firm at (916) 596-1018 to schedule your free consultation.
Something that sets Sacramento Law Group apart from other bankruptcy attorneys is our commitment to personal representation. It may sound obvious that when you hire a bankruptcy attorney you should meet with that attorney during your case; not staff. Unfortunately, many bankruptcy attorneys assign staff to meet with clients and prepare the petition, statements, and schedules. In contrast, when you hire our firm you will speak with our attorney; have meetings with our attorney; and have your petition, statements, and schedules prepared by our attorney.
Lastly, we charge flat fees that are easy to understand. Our flat fees include the required education courses and other necessary costs and expenses.
The only thing between you and ending creditor harassment, discharging debt and getting a fresh start on life is a phone call to our office at (916) 596-1018. You can also contact us online by filling out the quick contact form on the right of this page.
Free Bankruptcy Consultation
To begin your path to debt relief schedule a free consultation with Sacramento Law Group. The free consultation is your opportunity to receive professional advice from a bankruptcy attorney. During the free consultation you can share your concerns and get answers to your questions. At the end of the consultation you will have the opportunity to hire our attorney. If you need more time to think about your options, please take all the time you need. Our bankruptcy attorney understands that this is an important decision and will not pressure you in any way. However, if you are ready to receive debt relief our attorney can usually begin work on your case right away.
Guidance From Our Bankruptcy Lawyer
Once you hire our bankruptcy lawyer several things will happen.
- Credit report, workbook, and documents needed list. First, you will receive a professional credit report so that we have a better understanding of your debts. Second, you will receive a workbook to take home and fill out. This workbook will help our bankruptcy lawyer complete your petition, schedules, and statements. You will also receive a “documents list.” This list will itemize the copies of documents you must submit with the workbook. Again, these documents will help the attorney draft your petition.
- Second meeting. Once you have completed the workbook and assembled copies of the necessary documents you will call our firm to schedule an appointment. During this appointment our bankruptcy lawyer will look over your workbook and documents to ensure that we have the necessary information. This meeting is also a good time to give the lawyer a better understanding of your current and past finances. Maybe there was something that you couldn’t fully explain in the workbook. This meeting is your opportunity to make sure our bankruptcy lawyer has an accurate understanding of your case.
- Petition, schedules, and statements. Once the meeting ends the lawyer will draft your petition, schedules, and statements. During this process you may be contacted to clarify certain information to ensure that the documents submitted to the court are accurate and complete. Once these documents are completed you will sign them. Once signed, the bankruptcy attorney will electronically file the documents with the bankruptcy court.
- Meeting of creditors. Our bankruptcy attorney will represent you at the meeting of creditors. The meeting of creditors is normally a brief formality that does not deserve the amount of worry you may experience beforehand.
- Discharge. If you file under chapter 7 you will receive a discharge of your debts sometime after the meeting of creditors. If you file under chapter 13 you will receive a discharge once your plan payments have been completed. Once your debts have been discharged you will not have to pay them.
Filing bankruptcy can stop the financial chaos you are experiencing. Creditors are calling you several times a day, you are screening phone calls to avoid collection agencies, the final notices are piling up, and your credit history is worsening by the day. If any of this sounds familiar call Sacramento Law Group to evaluate your debt relief options. Our bankruptcy attorney can help you take control of your finances by filing for bankruptcy. Best of all, you will enjoy flat bankruptcy fees as explained on http://sacramentobankruptcylawyer.us/how-much-cost and a predictable final cost. Once you file for bankruptcy creditors must stop contacting you. Your case will work itself through the court and your creditors will get whatever, if anything, they are legally entitled to. Once your debts have been discharged you can rebuild your credit history. You will have disposable income to spend on yourself and your family. You won’t have to screen your calls or dread opening the mail. In short, you will get a clean slate from which you can start fresh. If this process and the reward of debt relief sound promising, take the next step and call Sacramento Law Group at (916) 596-1018 today to get started.
Adam Garcia is a bankruptcy attorney in Sacramento serving Northern California, Stockton and Roseville. Unlike some other bankruptcy attorneys Adam Garcia exclusively represents debtors. In essence, Mr. Garcia does not work for the “other side” in chapter 7 or 13 cases; he works for individuals in financial distress who require the protection and relief bankruptcy provides.
About Bankruptcy Lawyer Adam Garcia
Adam Garcia is the owner of Sacramento Law Group. As a bankruptcy lawyer, Mr. Garcia helps individuals achieve debt relief through chapter 7 and chapter 13 bankruptcy. In chapter 7 bankruptcy Adam Garcia pursues the elimination of unsecured debts and protection of exempt assets. In chapter 13 bankruptcy Adam Garcia consolidates debts in a manageable repayment plan.
Mr. Garcia received his B.A. from U.C. Berkeley. He received his J.D. from the University of Arizona College of Law where he graduated cum laude and earned a certificate in international trade and business law. While attending the Tier-1 law school Mr. Garcia served as an extern for a U.S. bankruptcy judge and worked for a consumer bankruptcy law firm.
Bankruptcy: Chapter 7 & 13
Filing bankruptcy can be a difficult process, especially if you are unrepresented. In chapter 7 bankruptcy you will file a bankruptcy petition, statement, and schedules in which you will report your previous transactions, debts, and assets. Furthermore, you will appropriately classify debts and exempt property. Bankruptcy petition, statements, and schedules are often quite long. Bankruptcy attorneys use specialized software to draft these documents and perform the means test in chapter 7 bankruptcy. If you are thinking about filing for bankruptcy without an attorney you are advised to seek the advise of counsel. Many bankruptcy petitions filed without an attorney are dismissed, result in the forfeiture of otherwise exempt property, or otherwise damage the petitioner’s legal interests.
Chapter 7 Bankruptcy
Filing for chapter 7 bankruptcy in Stockton is very common. Many people prefer chapter 7 bankruptcy to chapter 13 bankruptcy as chapter 7 is faster and less expensive. In chapter 7 bankruptcy property that cannot be exempted under California law can be sold with the proceeds of the sale given to creditors. However, most chapter 7 cases in California do not involve a sale of property as all of the property is exempt. In California, chapter 7 clients can use one of two exemption schemes to protect their property from liquidation. The 704 exemption scheme protects the equity in a residence and many categories of property. The 703 exemption scheme protects fewer specific categories of property but gives the client a sizable “wildcard” amount that can be applied to any property; thereby removing all property with a total aggregate value at or below the “wildcard” amount from liquidation. In practice, people who do not own a home often use the wildcard exemption scheme.
Chapter 7 bankruptcy in the Eastern District of California (which includes Sacramento, Stockton and Roseville) is often resolved in a fairly short amount of time. Unlike the 3 to 5 years involved in chapter 13 cases, chapter 7 bankruptcies typically only take about 4-5 months to complete. Once the chapter 7 documents are filed with the court a meeting of creditors will take place. If you hire Sacramento Law Group our bankruptcy attorney will represent you at the meeting of creditors. After the brief meeting a discharge is normally received in a matter of months.
Chapter 7 bankruptcy allows clients to eliminate credit card debt, medical bills, payday loans, and other forms of unsecured debt. Unfortunately, chapter 7 bankruptcy will generally not eliminate liens against property. However, chapter 7 bankruptcy can discharge your personal liability for a debt. For example, if you own a car worth $10,000, but owe the car lender $5,000, you may eventually lose the car to repossession unless you reaffirm the debt or redeem the car. That’s because the lender’s lien on the car survives bankruptcy. However, when the lender repossesses the car and sells it at auction for only $5,000, they cannot come after you for the other $5,000 you owe. That’s because your personal liability for the entire $10,000 was discharged in your chapter 7 bankruptcy.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is often used by individuals with high incomes who do not qualify for chapter 7 bankruptcy or who possess non-exempt property. In chapter 13 bankruptcy the petitioner gets to keep all of their property in exchange for entering into a repayment plan in which disposable income is used to repay creditors over 3 to 5 years. In addition, chapter 13 bankruptcy is also used by individuals facing foreclosure. In chapter 13 bankruptcy defaults on long-term debts can be repaid while property is retained. As a result, chapter 13 bankruptcy is used as a foreclosure defense strategy since petitioners can keep their home while they repay late mortgage payments over several years. Furthermore, as with chapter 7 bankruptcy the filing of a bankruptcy petition will cease most collection efforts, including foreclosure.