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The 2005 Bankruptcy Reform Act is designed to help you liquidate or reorganize a variety of debts (not just your credit card debts), including tax debts, mortgage arrears, back child support, student loans, judgment liens, medical bills, secured loans, and leases -- just to name a few.Read more

Under the Bankruptcy Reform Act of 2005, the filing of a Chapter 7 bankruptcy (liquidation) eliminates most unsecured debt such as credit cards, medical bills, business loans, personal loans, claims for damages, and secured debts in which the collateral is surrendered to the creditor. In some instances, state and federal taxes are eliminated provided that the criteria for tax discharge are met. This is the most common type of bankruptcy filed by debtors.Read more

Individuals who owe unsecured debts of less than $336,900 and secured debts of less than $1,010,650 qualify to file bankruptcy under Chapter 13 if they have disposable income left over each month after deducting for allowable living expenses to contribute to a Chapter 13 plan of reorganization. Read more

Want answers? Don't risk your financial future on a paralegal, an inexperienced practitioner, or a bankruptcy-mill attorney. Call me now at (714) 521-8880 and get expert personal advice to help you solve your problems.