Frequently asked questions About Bankruptcy
Here are solutions to particular inquiries we quite often receive off some body considering bankruptcy. It is likely you has actually questions regarding your unique state as well, and our company is ready to answer her or him while in the a free of charge visit.
Name The latest Sexton Firm in the (619) 202-8976 or send us a contact with your question. I work with some one throughout the South Ca, which have organizations in Chula Vista and Oceanside.
What is actually Chapter 7 Personal bankruptcy?
Chapter 7 are a process within the You.S. Case of bankruptcy Code to acquire judge safety out-of somebody’s otherwise company’s property, become alleviated off expenses certain costs, and you may liquidate property that debtor do not exempt and keep. It is generally the greatest, quickest, and most popular version of case of bankruptcy.
Some body, lovers, sole proprietors from unincorporated organizations, partnerships, and you can included businesses are qualified. When you yourself have before submitted and you can received a discharge in the a beneficial earlier in the day bankruptcy case recorded contained in this 8 ages, you are not eligible.
Carry out I want a beneficial “Good reason” in order to Document a chapter eight Petition?
Zero, you don’t need to show any particular reason to help you file, even though we file because of jobless otherwise underemployment, a divorce proceedings, a work collision and other burns, otherwise disastrous medical expenses.