5137 Golden Foothill Parkway, Ste. 110
El Dorado Hills, CA 95762
(916) 789-9810
drmorris@morrislawgrp.com

8880 Cal Center Dr., Ste 400
Sacramento, CA 95826
(916) 789-9810
drmorris@morrislawgrp.com

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• Frequently Asked Questions
  • What is Bankruptcy?
  • What are the Different Chapters of Bankruptcy?
  • Which Chapter is Right for Me?
  • Can I File for Bankruptcy Without an Attorney?
  • What Happens After I File for Bankruptcy?
  • What are the Recent Changes to the Bankruptcy Laws?
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WHAT IS BANKRUPTCY?

Bankruptcy is a way for people and businesses who owe more money than they can pay right now (“debtors”) to either work out a plan to repay the money over time in a case under chapter 11, chapter 12 or chapter 13, or to wipe out (‘discharge’) most of their bills in a chapter 7 case. The filing of a bankruptcy petition immediately stops most actions to collect debts which were due at the time of filing, including law suits, repossessions, and foreclosures. Based upon the circumstances, the court may, however, permit some eviction, repossession and foreclosure actions to continue even after the case is filed.

What chapter you choose to file under, what bills can be eliminated, how long payments can be stretched out, and other details are controlled by the Bankruptcy Code and the Federal Rules of Bankruptcy Procedure. These are federal laws, which means they apply all over the United States. The Code and Rules are found in Title 11 of the United States Code. The various sections of the Bankruptcy Code are referred to on this site as "11 U.S.C. § .” In addition to the Bankruptcy Code and Rules, what property you can keep will be affected by sections 703 and 704 of the California Code of Civil Procedure.

Chapter 7 Liquidation Bankruptcy

Chapter 7 is designed for debtors who are having financial difficulties and are not able to re-pay their debts. Most people that have debt problems can find relief by filing a Chapter 7. A Chapter 7 results in the "discharge" of your debts. Once a discharge has been granted, you do not owe the debt and your creditors can never try to collect it from you. Ordinarily, you can keep all or most of your assets. Some debts may not be dischargeable; our bankruptcy attorneys can advise you on all Chapter 7 issues.

Chapter 13 Bankruptcy

Chapter 13 is designed for individuals with a regular and stable source of income who are temporarily unable to pay their debts but who desire to use their best efforts and good faith to pay their debts in installments over a period of time subject to the protections afforded by the Bankruptcy Court. Under Chapter 13, you keep all of your property, as long as you continue to make payments required under the plan.

Work with an Experienced Bankruptcy Attorney from Morris Law Group

At Morris Law Group, your experienced, professional bankruptcy attorney understands that the bankruptcy process can be a stressful and emotional period in your life. With over 28 years of Chapter 7 and Chapter 13 bankruptcy experience, you can count on your attorney to have in depth knowledge to analyze your options, explain the process in plain language, and provide you with choice so you can make an informed decision on whether to pursue bankruptcy or a number of different actions to get you the financial and debt relief you need.

To learn more about how Morris Law Group can assist you through the Chapter 7 bankruptcy or Chapter 13 bankruptcy process, please call us today at (916) 789-9810 or by filling out our contact form for a free and confidential debt analysis.

Chapter 7 Bankruptcy Lawyer | Chapter 13 Bankruptcy Attorney