Santa Rosa Bankruptcy Attorney

Santa Rosa Bankruptcy & Debt Relief Services

Whether you are overwhelmed with credit card bills, medical bills, a large mortgage or other debt, options are available to help you get back on your feet. During your initial consultation, Julie Levy or Zachary Carroll will work with you to understand the extent of your financial situation. They are committed to helping you gain control of your financial situation through Chapter 7, Chapter 12, Chapter 13, or another debt relief solution.

  • Through Chapter 7 bankruptcy, qualifying individuals and families can wipe away any unsecured debts such as credit card bills and medical bills. The first step in a Chapter 7 filing is a means test to determine whether you qualify for Chapter 7 debt relief. If you income is in excess of certain amounts you may still qualify for relief, please call to schedule a free consultation to determine your options.
  • Chapter 13 bankruptcy, on the other hand, restructures debts, allowing individuals or couples to pay down their consolidated debts over three to five years. After that time period, the remaining debts are wiped away. Chapter 13 is designed to provide debt relief to individuals or couples with a steady income, yet struggling to pay down unmanageable levels of debt. Recently, the District where Levy Carroll Law practices has started supporting the modifcation of home loans through the Chapter 13 Bankruptcy process. This procedure is called Mortgage Modification Mediation and more information can be found here.
  • Chapter 12 bankruptcy is designed for helping family farmers or fishermen with financial problems to gain a fresh start.  Overwhelming debt can make it difficult or impossible for family farmers and fishermen to operate a business. Individuals whose regular income comes from operating a farm may qualify for Chapter 12 bankruptcy. Although this type of bankruptcy is not widely utilized, it can be extremely beneficial for farm owners and operators.

This is also an effective option for clients looking to stop a foreclosure by paying back mortgage payments over time. Chapter 13 allows clients to negotiate with creditors on a realistic payment plan, while paying down mortgages or back taxes.

Your Bankruptcy Questions

Preparing for bankruptcy filings can take time. A lot of information is needed to get the job done right. Your hearing date will fall approximately four to five weeks after the papers have been filed. Once the bankruptcy is filed, your protection from creditors is immediate.

  • Will I lose my property? Maintaining your assets truly depends on your individual circumstances. Many factors are taken into account, including the type of bankruptcy to be filed, how much property you own, if you own your home outright and if you have equity in your home.
  • How much will my bankruptcy cost? Fees vary on a case-by-case basis and depend on the intricacies of each case. Levy Carroll Law works efficiently and diligently to keep their attorney fees from compounding your financial troubles.
  • What debts can I get relief from? Unsecured debts like credit cards, medical bills and deficient mortgage balances can be wiped away. Some debts, such as student loans and certain tax debts, however, cannot normally be discharged.

Santa Rosa Debt Settlement Lawyer

Dealing with the weight of large debts can cause a severe strain on your everyday life. We work with each client on a personal basis. The Levy Carroll Law team helps clients get relief from the pressures of unmanageable amounts of debt. Bankruptcy attorney Julie Levy and Zachary Carroll have served clients with over 20 years of combined experience in the legal field. They have the skills and legal resources to help you determine the most effective way for you to gain control of your financial situation. When you select our law firm, one of our attorneys will evaluate your financial situation to help you understand if filing for consumer bankruptcy or another debt relief solution would be your best solution to gain a fresh start. Contact Levy Carroll Law online or call 707-523-1515 to schedule a complimentary consultation.

Levy Carroll Law, a Santa Rosa, California, law firm is dedicated to helping individuals find debt relief through bankruptcy. At our law office, we take a hands-on approach when handling our clients’ situations and strive to provide the most effective legal advice and the most efficient representation.

What Are My Other Debt Relief Options?

There are alternatives to debt relief besides bankruptcy. One of the most prominent is debt consolidation or debt negotiations. There are several pitfalls and challenges associated with debt consolidation, including:

  • Tax liability: You may be put in a position where you are liable for taxes due to the portion of your debt that has been forgiven in negotiating settling your debt for a percentage of it’s balance.
  • Additional costs: In most cases debt consolidation costs much more, in the long run, than a bankruptcy, since you are paying both the attorney to negotiate your settlement and will then need the funds to pay for the settled portion of your debt.
  • Additional waiting periods: Debt consolidation is not always a prompt or timely procedure and can take 6 months to over a year to accomplish, whereas bankruptcy is an immediate and secure solution to your financial situation.
  • Credit: Depending on the type of plan, debt consolidation may still damage your credit due to delinquent payments and charge offs.

In certain circumstances, debt consolidation may be the most appropriate solution. When you select our law firm, Levy Carroll Law will evaluate your financial situation to help you understand if filing for consumer bankruptcy or another debt relief solution would give you your best opportunity for a fresh start. Contact our law firm online or call 707-523-1515 to schedule a complimentary consultation.

Contact Our Bankruptcy Law Firm in Sonoma County

During an initial consultation, our attorneys Zachary Carroll or Julie Levy will evaluate your financial situation to help you understand the most effective way for you to get back on your feet. Contact Levy Carroll Law, a Santa Rosa law firm today to schedule a complimentary consultation.