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Orange County California Bankruptcy Lawyer

Are you an Orange County resident who is falling behind in bills each month? Do you live in the Newport Beach, Huntington Beach or Irvine, California area and are in danger of being foreclosed on? Do you live in fear of waking up every morning and finding that your car has been repossessed because you have skipped multiple payments? Do you cringe every time your phone rings as you know it is another creditor calling you regarding collecting the money you owe them?

If so you probably want financial relief but are not sure how to get it. Contact Newport Beach Bankruptcy Lawyer Dennis Connelly today. Filing for bankruptcy may be a very viable option for you in an effort to get a fresh start financially. There are various bankruptcy and debt relief options and Mr. Connelly will explain all options to you so that you can make the most informed decision possible for yourself, your family and your financial future.

Types Of Bankruptcy Options For Orange County Residents

The state of California offers 2 bankruptcy options for individuals, couples and families. They are:

Chapter 7: This is a liquidation type of bankruptcy where you essentially walk away from everything and start over. Most people qualify for a Chapter 7. A Chapter 7 is relatively quick and inexpensive to do. A Chapter 7 is the most common type of bankruptcy as it is an option for those facing income issues.

Dischargeable Debt In A Chapter 7:

Mortgage arrears

Vehicle payment arrears

Credit card debt

Utility debt (unless you continue to live at the same  residence)

Cell phone bills

Chapter 13: A Chapter 13 bankruptcy is a consolidation plan where most arrears for almost all bills and debts are put into a Chapter 13 plan. The arrears are paid back via the bankruptcy plan for a period of 3 to 5 years. The actual amount of time it will take to repay the arrears will depend on your exact situation. Unlike a Chapter 7 not everyone qualifies for a Chapter 13 and is a viable option for those with cash flow problems vs. income problems. A Chapter 13 also allows you to keep certain assets and pieces of property depending on what you are trying to accomplish.

Debt That Can Be Put Into Chapter 13 Plan:

Mortgage arrears

Back tax debt (both state and federal)

Vehicle arrears

Student loan arrears

Child support arrears

Spousal support arrears

Family and friend owned debt

What Filing Bankruptcy Can Do For You

By filing bankruptcy you will be able to breathe again as immediately upon filing creditors’ have to stop calling you. That alone makes filing bankruptcy worth it for some people. In addition, you can regroup financially and start over.

Filing bankruptcy is a very complex task and there is a process involved. Irvine California Bankruptcy Attorney Dennis Connelly will help you through this very emotionally and financially trying time.

The Law Office of Dennis Connelly, located in Newport Beach, California, represents people and businesses in all phases of financial distress.  People who are struggling to make ends meet, people who have stopped paying their bills and are suffering from creditors incessant phone calls and businesses who are looking for options before shutting their doors for good.  Dealing with financial stress and deciding whether or not to file bankruptcy is traumatic. We understand what you’re going through.

At the Newport Beach Bankruptcy Law Office of Dennis Connelly we have the knowledge, skill and experience to advise you and help you to start digging your way out of the hole. Whether it is a loan modification, negotiating credit card debt or restructuring business debt we offer a full range of services to help you deal with your financial crisis.

If you are a homeowner and behind on your mortgage payment we have the answers in dealing with your lender and whether selling your home short is a good idea.

The Law Office of Dennis Connelly has discharged tens of millions of dollars in debt for its bankrupt clients and saved homeowners from foreclosure. We’ve litigated against banks and had property restored to its owners after foreclosure.

If you live in Orange County and are looking for debt relief solutions we have them. Give us a call today and let us put our experience to work for you.