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Bounce Back with a Bankruptcy


You know how that old horror story goes -- it's 2020.  Job prospects are at zero but credit card balances are far from that.  Electric bills are through the roof because of a never-ending heat wave.  Landlords are patiently waiting for eviction moratoriums to expire because people just aren't paying rent.

For some, unemployment provides brief but necessary respite from creditors.  But what happens when jobs come back, and unemployment benefits disappear without taking all of those bills with them?

It is time to bury bankruptcy taboo, for good.  Long, long gone are the days of "debtor's prisons" and "poorhouses" -- mechanisms for shaming people who could not pay their bills. United States bankruptcy laws were enacted to eliminate those methods and protect those who are earning, and spending, but had a run of bad luck -- a medical issue; a divorce; a business venture that did not work out; a pandemic.  

We, as Californians, have had little control over what happened to us, and our state, this year.  The COVID-19 pandemic laughed at our collective efforts to work hard and earn income, and the recent fires (among other culprits) have destroyed homes and businesses across our beautiful state.  

None of this was your fault.  You worked hard, you filled out the paperwork, you hunkered down and tried to figure out what to do next.  What you can do now, though, is think about seeking federal bankruptcy protections, which the United States Constitution instructs Congress to enact for this very reason.


It is time to realize that a bankruptcy discharge -- not stringing yourself along on unemployment benefits -- is the way out of this nightmare.

For when it comes to bankruptcy, "F" does not mean failure.  In bankruptcy, "F" means Fresh Start. 


In a typical Chapter 7 bankruptcy, unsecured debts -- such as credit card debt -- are discharged. In other words, personal obligations to repay those unsecured debts are removed. If relocation (due to non-payment of rent or mortgage) is required, bankruptcy protections may include a homestead exemption that may be applied to a new home for you and your family. In this way, a fresh start in bankruptcy feels like fresh sheets -- a clean break from last week, last month, or even last year

My office provides free half hour, virtual consultations, during which we consider a potential client's assets and liabilities to see if bankruptcy is a viable option. If it is, a bankruptcy attorney will work to assist in every step of the bankruptcy process -- which typically lasts for just a few months. That means, by early 2021, you could wake up from this nightmare with something unemployment benefits are hard-pressed to provide -- a "reset" button on your finances.  

Start the next decade with no debt. We can only go up from here.  

Leah Michele Kaufman, Esq. is a Bankruptcy and business litigation attorney at Kaufman & Kaufman in Santa Ana, California. She practices with her father and mentor, Leslie Keith Kaufman, Esq.

Disclaimer. The content of this article is not legal advice, nor legal opinion, and should not be relied upon for individual situations. Legal counsel should be consulted for legal planning and advice. No lawyer-client relationship with Kaufman & Kaufman will be formed, and no information you want to keep confidential should be disclosed - through e-mail links or otherwise - to Kaufman & Kaufman, until the firm has conducted a "conflicts check" and you and the firm have signed a retainer agreement or an engagement letter.

Kaufman & Kaufman is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code, in the Central District of California. Kaufman & Kaufman does not practice or offer legal services in jurisdictions where firm lawyers are not licensed.

Questions about this article should be directed to Kaufman & Kaufman in writing. 

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Orange County Bankruptcy Attorneys/Lawyers In Orange County

 

 

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Bankruptcy Attorney A Debt Relief Agency 714-550-9305

 

The law firm of Kaufman&Kaufman; helps individuals, families, and businesses in Orange County who need legal assistance with bankruptcy.  Our family firm has been located in Central Orange County across from the Orange County Bankruptcy Court for 29 years.  Our Orange County, CA clients are quite happy to be represented by their own attorney from start-to-finish during their entire bankruptcy case.  At the Orange County bankruptcy law firm of Kaufman&Kaufman located in Santa Ana, CA, we have helped people get their financial freedom back for over 29 years.  We are among the best Orange County Bankruptcy Lawyers, who provide dedicated hands-on service throughout the duration of your Orange County bankruptcy process in Santa Ana.
 At our Orange County office, a Bankruptcy Attorney will explain both bankruptcy and non-bankruptcy options that are available to you, helping you to establish a plan that protects you from your creditors, fits your budget, your time, and protects your rights throughout the entire process.  We are conveniently located across from the Bankruptcy court in Santa Ana.  Please call us to set an appointment for a FREE CONSULTATION DIRECTLY WITH THE ATTORNEY WHO WILL REPRESENT YOU THROUGHOUT YOUR CASE.  WE DO NOT USE PARALEGALS.  WE DO NOT USE CONTRACT ATTORNEYS.  Below are Ten Common Reason why people file Bankruptcy in Orange County, CA.   We can stop wage garnishments.  We can stop foreclosures.  We can stop enforcement of judgments.  We can stop attachments.  We can stop lawsuits.  We can stop repossessions.  WE CAN STOP CREDITORS.
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Best bankruptcy lawyer in Orange County.
Best bankruptcy lawyer in Orange County. No paralegals. We assist with Bankruptcy services, Filing bankruptcy, Chapter 7, Chapter 13, Chapter 11,We are a debt relief agency. Orange County Attorneys
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Bankruptcy services for clients throughout Orange County
We assist with Bankruptcy services for clients throughout Orange County in all of the following cities:
Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, and Yorba Linda
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Bankruptcy Attorney in Orange County A Debt Relief Agency
Bankruptcy Attorney in Orange County A Debt Relief Agency

If you are considering filing for bankruptcy, there are some important things about this law that you will need to know before you start your proceedings.
Persons Seeking to File Will Now Be Required to Seek Counseling
Under the new law, you are required to go into credit counseling (at your own expense) with an approved government agenc
y at least six months before filing for bankruptcy. The first session should be at least 90 minutes in length, and give you an idea if bankruptcy is really right for you or if you can get out of debt by simply following a repayment plan that the credit counselor proposes. While you are not required to agree with the final opinion of the counselor or follow any repayment plan they propose, you will still be required to submit any repayment plans or bankruptcy alternatives that the agency has suggested to the court before being allowed to file. Once you have filed, you will then have to attend additional counseling and/or a money management class. Your debt will then be discharged when you submit a certificate of successful completion of these classes. Counseling is required even if a payment plan isn’t possible or realistic for your financial situation or you are facing debts that you are disputing and do not feel you should have to pay
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Orange County Bankruptcy Attorney Kaufman & Kaufman
Bankruptcy Superlawyer In Costa Mesa, Garden Grove & Santa Ana
Chapter 7, 11, 13 Help Bankruptcy Attorney No Hidden Fees
Over 29 Years in Orange County Courts-714-550-9305 located in Santa Ana
Bankruptcy Attorney in Orange County A Debt Relief Agency
If you are considering filing for bankruptcy, there are some important things about this law that you will need to know before you start your proceedings.
Persons Seeking to File Will Now Be Required to Seek Counseling  
Under the new law, you are required to go into credit counseling (at your own expense) with an approved government agency at least six months before filing for bankruptcy. The first session should be at least 90 minutes in length, and give you an idea if bankruptcy is really right for you or if you can get out of debt by simply following a repayment plan that the credit counselor proposes. While you are not required to agree with the final opinion of the counselor or follow any repayment plan they propose, you will still be required to submit any repayment plans or bankruptcy alternatives that the agency has suggested to the court before being allowed to file. Once you have filed, you will then have to attend additional counseling and/or a money management class. Your debt will then be discharged when you submit a certificate of successful completion of these classes. Counseling is required even if a payment plan isn’t possible or realistic for your financial situation or you are facing debts that you are disputing and do not feel you should have to pay.
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