How Bankruptcy Works

San Diego Bankruptcy

The process for Bankruptcy in San Diego is actually very simple. Follow the Guide below and remove the worry from Your venture to the world of being Debt Free.

Please remember, the United States Bankruptcy Code was created on YOUR behalf. It exists to provide You with Relief and Protection from Creditors. The Founding Fathers of this Country went through the “Debtors-Prision” experience across the Pond and wanted to ensure nothing like that ever happened to this new, great Country they were Founding. Those same Founding Fathers were also predominantly Christian Ministers. So, it should come as no surprise, the Bankruptcy Code was derived from clear messaging in the Bible.


That’s right… Bankruptcy is in the Bible. Check it out for Yourself:
(Deuteronomy 15:1-2) “At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the LORD’s release”.


STEP 1 – Taking Action.
Schedule Your Free San Diego Bankruptcy Consultation by calling 1-800-997-1235


STEP 2 – Immediate Relief.
During Your consultation, You will learn about the entire process, what Chapter-options You have and how each of those options affect Your specific scenario. Either way, as soon as You file, the Law will be on Your side instead of working against You. No more Creditor calls, letters, or contact of any sort! I can’t tell You enough how important it is to work with the right Bankruptcy Lawyer in San Diego. Your Attorney can make a HUGE difference in Your Bankruptcy experience.


STEP 3 – Keeping Your Stuff.
There are a myriad of “Exemptions” which You can use to Protect/Keep Your possessions and assets when filing for Bankruptcy. This is where having the San Diego Bankruptcy Lawyer comes into play. A good Lawyer will work with You closely to do “Exemption Planning” and make sure You maximize the benefit to You and Your family.


STEP 4 – Deleting Your Debts.
The BEST part about filing for Bankruptcy is the opportunity to delete or “Discharge” all or almost all of Your debt. However, as soon as You file, no more payments are required or necessary to any of the obligations or loans that will be included in the Bankruptcy.


STEP 5 – Your Credit Score.
About 60 days after the Discharge, You should check Your credit report. Every single account that was included in the Bankruptcy should say “INCLUDED IN BANKRUPTCY” and all the negative information such as late payments should be removed from that account. This is why Your Credit Score is likely to go much higher with a Chapter 7 Bankruptcy. All those negatives get removed! However, it’s very important to be careful with Your Credit post-Bankruptcy. Your Credit Score is very fragile at this time. You cannot afford to have any new, negative remarks show up. If You do, it will CRUSH Your credit. However, if You build new, positive items, such as a Secured Credit Card for example, You can see the score go up even higher for the same reason!


STEP 6 – Starting Fresh.
So many people think filing for Bankruptcy means that You have to start all over. The purpose of Bankruptcy is to all You to start FRESH, not FROM SCRATCH. Enjoy Your fresh start. It is truly one of the best feelings a person can have. Whether You just paid off Your credit card with Your annual bonus or just discharged it in Bankruptcy, it feels the same…Fantastic.


The most important thing to remember is this… It IS going to be OK. The Law is on Your side and the fact that You are reading this means You are smarter than everyone else already. Take a deep breath and email me if You need me. I know a lot about Bankruptcy in San Diego and I’m here to help.