Bankruptcy Can Be The Fresh Start That You Need
For many people, the bankruptcy process is the lifeline that they need in order to overcome insurmountable debts. Whether they need to discharge their debt or consolidate it into a payment plan they can afford, they can find the relief they need with a Long Beach bankruptcy attorney to help.
My name is Gerzain “Mike” Barrera, and at the Law Office of Gerzain Barrera, APC, in Los Angeles County, I have 26 years of experience in tax and accounting work that has given me an in-depth knowledge of personal and business finances. I leverage this knowledge for my bankruptcy clients by helping to identify their dischargeable and non-dischargeable debts, identify exempt assets and help them navigate the bankruptcy process.
I Represent Clients Who File For Chapter 7 Bankruptcy Or Chapter 13 Bankruptcy
There are two types of bankruptcy that most people or businesses will file for, either Chapter 7 bankruptcy or Chapter 13 bankruptcy.
- Chapter 7 bankruptcy is what most people think of when they imagine what bankruptcy is, it is a formal court process by which a debtor may seek to discharge their debt that they cannot repay. Not all debt can be discharged, such as student loans, however most debts may be forgiven this way so long as they were not fraudulently incurred. To satisfy the creditors who own the debt, the court will order that most of your assets must be liquidated, however there are certain necessities that are exempted from this process such as your home.
- Chapter 13 bankruptcy is the alternative to Chapter 7 bankruptcy. When you file for Chapter 13 bankruptcy, you are not required to liquidate any of your assets. Instead, the bankruptcy court will consolidate your debts into one payment plan that you will have usually between three to five years to repay. So long as you are able to continue making payments, your debt will be resolved by the end of this time period.
No matter which option is right for you, I can help you file bankruptcy so that you can get on the road to discharging and overcoming your debt.
Come To My Long Beach Office And Speak With Me Today
If you are interested in learning more about how a bankruptcy may be able to help you out of your financial situation, then you can come and talk with me. I offer free, 15-minute consultations for my prospective clients, so you can call me at 562-267-4165 or send me a message with a brief description of your situation.
The Law Office of Gerzain Barrera, APC is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.