Fresno Individual and Business Bankruptcy Lawyers
There are several alternative ways for filing bankruptcy. You should be aware that filing bankruptcy is a decision that comes with long lasting consequences on your credit. Furthermore, the ability to make purchases like a car and a house in the future shall be greatly affected. There are some cases in the past years when such a decision would even cause an increase in your existing home mortgage interest rate.
It is important to note that Bankruptcy laws are changing quite often. This implies that a good Bankruptcy attorney, who is well informed on the laws that impact on their clients is necessary. Such an attorney should be excellent in the way communication is handled between the court, trustees, and creditors. Valley Tax Law – a tax law company in Fresno – is a real embodiment of this. With the experience and competent tax lawyers, both debtors and creditors would see their problems solved. Experts at Valley Tax Law will offer you alternative solutions such as debt repayment and collection plan options rather than filing entire bankruptcy.
If getting out of debt or collecting monies has been a problem for you, contact Valley Tax Law in Fresno, Fresno County. The firm boasts an overwhelming 20 years of experience in business, tax, accounting, and of course in bankruptcy law. Even in difficult financial situations, Valley Tax Law will prove its worth by offering legal solutions. As far as bankruptcy is concerned, the following related services are provided.
- Debtor-Creditor Bankruptcy
- Business and Consumer Bankruptcy
- Chapter 11 Reorganizations
- Chapter 7, 12 and 13
- Both Unsecured and Secured Creditor Representation
- Asset Purchases
- Asset Planning
- Discharge Issues
- Bankruptcy litigation
- Real Estate Acquisition and Dispositions
- Commercial and Consumer Bankruptcy
- Voluntary and involuntary bankruptcy
If bankruptcy becomes your only option, which one would you choose?
Once you have decided to file your bankruptcy, you should be informed of the various types of bankruptcy. Putting your situation into account, you must decide the bankruptcy chapter under which you will file. There are two forms of relief provide for by the bankruptcy law. They are Liquidation and Rehabilitation time called Reorganization. Chapter 7 of the Bankruptcy code governs Liquidation while the Chapters 11 and 13 of the Bankruptcy code governs the Reorganization/ rehabilitation bankruptcy. The later is most often preferred by courts as it provides creditors with better chances of recapturing monies owed to them.
Contact us now if you need help on your bankruptcy issues!
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