Preparing for Bankruptcy

Planning to File Bankruptcy in California?

If you are seasonably employed, self-employed or working on reduced wages, you need to take time to understand the full impact a bankruptcy filing will have on your financial outlook. If you have equity in your home (your home is worth more than you owe), you may benefit from filing Chapter 13 bankruptcy — even if you qualify for Chapter 7 — to protect it from sale by the bankruptcy court. Or, if you are behind on payments, you can hold off foreclosure while you slowly catch up what you are behind. This can often be done for car payments too. Also, if you have a second mortgage, there are circumstances where a Chapter 13 can “strip” a second mortgage.

These are just a few situations where the input of an experienced lawyer is essential to protect your overall interests when filing bankruptcy. When you need qualified assistance in bankruptcy planning, you can contact The Winter Law Group. We help people from all walks of life in Fresno, California, and throughout the Central Valley seeking debt relief. 

Work with an experienced attorney when filing for bankruptcy

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How Do I Plan for Bankruptcy?

Planning for bankruptcy is not about protecting assets by strategically giving them away. Not only is this illegal under bankruptcy law, but it can also weaken your credibility moving forward. Instead, bankruptcy planning involves taking control of your situation by making informed decisions about how and when to file.

At The Winter Law Group, we can help you:

  • Identify potential roadblocks to filing bankruptcy such as if you have filed Chapter 7 within the last eight years, etc.
  • Set achievable goals given your situation
  • Determine whether Chapter 7 or Chapter 13 better suits your goals and needs
  • Anticipate the short-term impact and future implications of filing bankruptcy
  • Navigate the entire legal process from start to finish

Making the decision to file bankruptcy requires careful thought and consideration. We can help you determine whether now is the time to file, or whether you might benefit from exploring other options or waiting to file because of some other life circumstance.

Bankruptcy Attorney in Fresno, CA

Whatever your situation, we seek to help you make informed decisions that work toward resolving your debt issues. For more information, contact us today to schedule a free initial consultation with an experienced bankruptcy attorney.