Talk to a bankruptcy lawyer about your case and understand the process!
Filing for bankruptcy can be a complicated process for anyone, but with the help of a bankruptcy lawyer, you can get the consumer debt relief you need and navigate the bankruptcy law system with ease. A qualified Carlsbad bankruptcy attorney here at Joshi Law Group can provide important guidance and expertise to help you make informed decisions regarding your financial future while protecting you from creditors, so you can get the fresh start you need on your financial situation. Whether you are facing business or personal debt, our team of professional bankruptcy attorneys is essential for securing your assets and ensuring all the right paperwork is completed and filled out correctly.
The Law Office of Deepalie Milie Joshi
Get a free consultation and learn more about filing bankruptcy in San Diego County
If you live in Carlsbad, California or the surrounding North County or San Diego County area and are considering filing for bankruptcy, you should find a knowledgeable and experienced bankruptcy attorney to represent you. Deepalie Milie Joshi operates one of the largest bankruptcy law firms in San Diego County, focused on providing clients with the best legal advice and representation for their financial situation.
With over 15 years of invaluable experience practicing bankruptcy law, Mrs. Joshi has extensive knowledge and expertise in all aspects of consumer and business bankruptcy law, and how to navigate the United States Bankruptcy Court. From Chapter 7 to Chapter 11 and Chapter 13 bankruptcy filings, we will help you understand your options and provide personalized legal advice and services to help you achieve your financial goals.
Chapter 7 Bankruptcy
If you’re drowning in debt and have limited income, filing for Chapter 7 bankruptcy could provide a clean slate. Chapter 7 bankruptcy, often referred to as “liquidation bankruptcy,” is a legal process that can discharge many types of unsecured debts, such as personal loans or credit card debt. This chapter of bankruptcy allows you to keep certain exempt properties, but a bankruptcy trustee has the right to sell nonexempt assets to repay your creditors.
The primary advantage of Chapter 7 is that it allows individuals to eliminate most, if not all, of their unsecured debts quickly. It is typically chosen by those who have little or no disposable income and minimal assets. For instance, if you’re facing a financial hardship such as a job loss or costly medical bills, Chapter 7 bankruptcy can provide a way out, allowing you to make a fresh financial start. Remember, it’s essential to discuss your specific situation with a knowledgeable bankruptcy attorney, like Mrs. Joshi, who can guide you on the best course of action based on your unique financial situation.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy, also known as “reorganization bankruptcy,” is predominantly utilized by businesses but can also be selected by individuals who have significant assets or debts that surpass the limits of Chapter 7 or Chapter 13 bankruptcies. It allows entities or individuals to reorganize their debts and implement a payment plan while continuing operations. Unlike Chapter 7 bankruptcy, Chapter 11 does not result in the liquidation of assets to pay off the debt.
The primary benefit of Chapter 11 bankruptcy is that it provides a lifeline to struggling businesses, allowing them to restructure and streamline their operations and finances under the protection of the bankruptcy court. Businesses can negotiate with creditors for better terms, potentially reducing the debt burden or extending the repayment timeline. For individuals, Chapter 11 could be a better option if they have considerable assets they want to protect from liquidation, or if their debts exceed the limits of other bankruptcy chapters.
It allows the entity or individual to reorganize its financial affairs and designate a repayment plan under the court’s supervision. As such, Chapter 11 bankruptcy can offer a pathway to financial recovery while preserving the debtor’s control over their assets. However, due to its complexity and cost, it’s crucial to obtain advice from a competent bankruptcy attorney like Mrs. Joshi to decide if it’s the right choice for your specific circumstances.
Chapter 13 Bankruptcy
Alternatively, Chapter 13 bankruptcy, also referred to as “wage earner’s bankruptcy,” is a process that allows you to create a repayment plan over three to five years. This type of bankruptcy may be the best choice for those with regular income and assets they wish to keep.
With this type of bankruptcy, you can keep all of your property, and most debts are discharged after the repayment plan is completed. Depending on your income and the type of debt you have, filing for Chapter 13 bankruptcy could help you save your home from foreclosure, reduce payments to manageable levels, or even lower interest rates.
To determine if this is the right option for you, it’s best to consult with a qualified Carlsbad bankruptcy attorney who can review your situation and help you find the debt relief solution that works best for you.
Why Trust Us With Your Bankruptcy Case?
Stop creditor harassment and tax debts. Reclaim your peace of mind.
When you come to us for legal representation for filing bankruptcy in Carlsbad, California, you can trust that our staff of knowledgeable and experienced attorneys will provide the best legal advice and representation throughout the process.
Get Started Today
If you’re feeling overwhelmed by financial strain and the legal issues associated with bankruptcy, don’t hesitate to reach out to Joshi Law Group today. We’ve been practicing bankruptcy law, and other practice areas such as family law, business law, immigration, and more in North County and San Diego County for over 15 years, and we are dedicated to helping our clients get the financial relief they need. Schedule your free consultation today to learn more about filing for bankruptcy in Carlsbad!