Many times good people choose to file bankruptcy because it is the best financial decision for them and their families. Sometimes bankruptcy is the only way to stop an illegal foreclosure. In this economic recession, more people are filing bankruptcy than ever, often because it makes the best financial sense for them.

Our bankruptcy lawyers won’t force you to file bankruptcy. We recommend bankruptcy to our clients only as a last resort. If your home is facing foreclosure, we can try to save your home with a loan modification or a lawsuit first, and use bankruptcy only as it is intended – as a last resort. Call us today at 714-937-2020 to see if bankruptcy is right for you .

There are two main types of bankruptcy. Chapter 7 is used for most people who cannot afford to pay their debts because they have lost a job or lost other sources of income. Chapter 13 is used typically used by homeowners who want to save their homes from foreclosure but the bank has failed to modify their loan.

Chapter 13 is also required of people who are employed and make too much money to have their debts completely wiped out by the bankruptcy laws. These people who file Chapter 13 end up with a repayment plan, whereby the client makes a monthly payment to cover a certain portion of their debts.