Bankruptcy can be intimidating, especially for an individual who has never filed before. That is why it is important to have an experienced legal professional to help you through the process. At Scher, Bassett & Hames, we understand bankruptcy law. We have over 45 years of experience in legal matters and can use our knowledge to walk you through this financial process.
How Bankruptcy Can Help You
If you are skeptical about filing for bankruptcy, then an attorney at our firm can help to explain the benefits of this procedure. While many people assume bankruptcy is a bad thing, this could not be further from the truth. Bankruptcy is a fresh start for those who are overladen with debts that they cannot pay. Bankruptcy helps thousands of individuals to get back on their feet financially every year. If you have tried other strategies and cannot shed the debts that are burdening you and your family, then a San Jose bankruptcy attorney at our firm wants to assist you.
Helping Residents of San Jose with Chapter 7 & 13 Bankruptcies
There are two common bankruptcy chapters reserved for individual filers. Our attorneys can help you to decide if a Chapter 7 or a Chapter 13 bankruptcy is best for you. Our attorneys stay updated on the U.S. Bankruptcy Code so that we can best serve clients with our understanding of the system. We will file the necessary paperwork, guide you through the bankruptcy process, and use state-of-the-art technology to help you complete a successful bankruptcy filing.
In a Chapter 13 bankruptcy, all debts are combined and restructured so that the debtor can make affordable monthly payments and slowly reduce outstanding expenses. Some unsecured debts may be discharged so that you will no longer have to worry about those payments. In a Chapter 7 bankruptcy, the debtor may need to allow for a liquidation of assets. These properties will be sold to cover the costs of the debts owed, and some unsecured debts will be discharged. Get more information about these two processes and learn how we can help by calling our San Jose bankruptcy lawyers today at 408-739-5300.