Bankruptcy Relief in San Jose, the South Bay and Silicon Valley
Even though it's been several years since Congress passed the Bankruptcy Reform Act of 2005, many people still don't quite understand the effect of this legislative change on their right to bankruptcy relief, especially under Chapter 7 and its income-based means test.
You might even remember the rush to file for bankruptcy that happened back when people thought if they didn't file then, they'd never be able to do so. At least some of those people are regretting that decision today, given the economic and unemployment crisis of 2008-09. You can only get a bankruptcy discharge in Chapter 7 once every eight years.
Call 888-9-GOT LAW (888-946-8529) for Bankruptcy Advice in San Jose and Santa Clara County
If you need advice about your bankruptcy rights in San Jose and the South Bay Area, discuss your situation with a knowledgeable attorney. Contact the ANH Legal Group in San Jose.
With four offices in the Bay Area and Southern California, our lawyers know how client needs differ in different parts of the state. Our Silicon Valley clients are often driven toward bankruptcy due to the difficult unemployment situation in the high tech industry following a period of relative affluence. Many people got overextended in the housing market a few years ago and need to deal with high mortgage payments with insufficient income.
At the same time, some of our clients mistakenly assume that they're eligible for Chapter 7 relief. Our analysis of their income and cash flow shows that they earn considerably more than the state median income, even adjusted for a high mortgage payment. In other words, they have more money than they think and need to consider Chapter 13 as their only available bankruptcy option.
A careful review of income, assets, expenses and debts is essential not only to see whether you're eligible for Chapter 7, but also to show you how you'll benefit from a bankruptcy case under any chapter. People under severe financial pressures need to understand how bankruptcy can help them get the most out of their available cash flow, especially for dealing with nondischargeable debts and secured claims such as mortgages and car loans.
At the ANH Legal Group, our lawyers advise clients about the practical aspects of debt relief in addition to the legal advice we offer in bankruptcy cases. To learn about your debt relief options in San Jose and the South Bay Area, contact us for a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.
