Is Chapter 7 Bankruptcy an Option for You?
With all the cities in California that have gone bankrupt, workers may be facing the same scenario themselves. At the law offices of Carson-based Brad Weil, we understand that a lay-off is probably one of the most difficult times in your life. Most of the time, you don’t know what you’re going to do next or how you’re going to cover your bills.
It’s an especially frightening position for someone if they were already struggling to pay off debt. Those who have suffered a lay-off these days are faced with a slow economy rebound, often without much in the way of opportunity. Many workers are forced to accept lower-paying jobs that cover only the bare necessities, but don’t allow repayment of current debt.
An Alternative to Tapping Your Pension
Before you are tempted to use up all your savings and start dipping into retirement or pension funds in order to maintain debt payments, give us a call. We can talk over your options for filing a Chapter 7 bankruptcy. Although, it won’t give you an income, it will allow you to erase almost all of your outstanding debts and give you the opportunity to adjust your budget to fit your new circumstances. The other possibility is: if you do have a job, but it’s not as good as the last one, is filing Chapter 13. It will allow you to reorganize your debts and pay off smaller amounts over a period of time.
Every case is going to be different, so it’s important you meet with an experienced attorney who can work out the best plan for you.
Contact the Law Offices of Brad Weil at email@example.com or 310-515-7776 to set up your appointment today. Attorney Weil can help you navigate the complex legal process and work out a solution that best fits your needs.
Meet the Attorney
Brad Weil, a lifelong Southern Californian specialized in a variety of legal services, including bankruptcy, estate planning, and family law
I was impressed by Brad Weil’s knowledge of the matter at hand and appreciated his optimism along with his realistic outlook. The differences in Ch. 13 and Ch. 7 bankruptcies were explained and provided me with the needed information to help me make that decision.