Bankruptcy is a legal process available give people a fresh start by relieving burdensome debts. In a Chapter 7 bankruptcy, for example, the debtor’s property is liquidated and the proceeds paid to his or her creditors. In a Chapter 13, the debtor makes monthly plan payments. After completing the plan, the debtor receives a discharge of any unpaid debt. Find introductory information on bankruptcy below. It also includes a more detailed definition of bankruptcy. Additionally, provides information on changes to bankruptcy laws and distinctions between different types of personal bankruptcy. Contact the Orange County bankruptcy attorneys at Tran Bankruptcy Law for more bankruptcy information.
The Tran Bankruptcy Law offers free consultations to explain the bankruptcy legal process to clients throughout Southern California including Orange County, Riverside and Los Angeles. You can also complete the free online bankruptcy evaluation form. A bankruptcy will contact you to review your evaluation to help you determine whether bankruptcy is right for you. Bankruptcy is a legal process. Therefore, debtors need to speak with an experienced bankruptcy attorney to get legal advice. The attorneys at Tran Bankruptcy Law have years of experience working with all types of clients and debtors.