To request a FREE CONSULTATION, please call us at (951) 898-0875 or complete the form below.
Free Consultation
Crowder Law Center is ready to assist you immediately with an initial consultation free of charge. All meetings are entirely confidential and will help you to determine whether you require further counsel.
Call Now (951) 898-0875
Law Offices of
Douglas A. Crowder
We Listen, Advice and Help You Decide What Works for You.
Call Now (951) 898-0875
There are several types of bankruptcy, but only two that consumers generally need to be concerned with.
CHAPTER 7 BANKRUPTCY. If you qualify for a Chapter 7, you can “discharge” (effectively eliminate) most of your debts without having to repay anything. Not everyone qualifies for a Chapter 7. Under the new bankruptcy law, all debtors must take a "means test." The bottom line is that if your income is above the average for your state, OR if you can afford to pay more than $100 per month to your creditors after all of your reasonable expenses are taken into consideration, then you will probably not be allowed to file a Chapter 7.
CHAPTER 13 BANKRUPTCY is a solution wherein you make monthly payments to a court appointed trustee for a period of 3 to 5 years (3 years if your income is below the state median, 5 years if it is above the state median.) The amount you pay is as much as you can afford to pay – meaning that your reasonable living expenses are subtracted from your income, and everything left over goes to the trustee.
A Chapter 13 may be your best option if:
a. You owe large tax debts that cannot be eliminated by a Chapter 7 and you want to stop the interest and penalties by forcing the IRS to take a payment plan.
b. You own real estate that is being foreclosed on; or
c. You don’t qualify for a Chapter 7 and you want to stop lawsuits against you.
