Tenina Law is a team of experienced California bankruptcy lawyers who help families and individuals from Santa Barbara to San Clemente get out of debt. They provide protection and help with our bankruptcy laws. Alla Tenina, an experienced Ventura bankruptcy lawyer is here to assist you to navigate the complex bankruptcy process.
There are two common types of bankruptcy. Chapter 7 bankruptcy relief is the most popular for consumers. Chapter 13 bankruptcy relief is also very common. Each type of bankruptcy relief has its own rules and procedures. It is important that you discuss your financial situation with your bankruptcy attorney in order to ensure you choose the right procedure.
Chapter 7 bankruptcy is often referred to as a “clean slate” bankruptcy. This is because it wipes out your debt and gives you a new start. Chapter 7 is sometimes called liquidation. This refers to the fact that the bankruptcy trustee will either sell or convert your assets to cash and then use the money to pay your creditors. California bankruptcy law provides many exemptions for different types of property. Many people can get rid of their debts without selling any of their property. Talk to a bankruptcy attorney to determine if your property is exempt from creditors and if your debt can be discharged in Chapter 7.
Chapter 7 cannot be used to discharge all types of debt, including student loans, child support obligations, and tax debts. Chapter 7 also does not cover loans that are secured by collateral such as home mortgages or car loans. You must also pass a means test to be eligible for Chapter 7. Many people don’t have enough disposable income to qualify for Chapter 7. Chapter 13 is more common. It is usually easier to become bankrupt.
Chapter 13 proceedings allow you to consolidate your debts and repay them over a three- or five-year period. This allows you to avoid the constant pressure from bill collectors or worry about not being able to pay your bills. This process can be used to negotiate down or eliminate many debts. Chapter 13 is a way to stop foreclosure if you are in default on your mortgage payment. If you have a second mortgage and your home is underwater, the second lien could be removed in bankruptcy.
People with high amounts of unsecured debt such as medical bills or credit card debt will find Chapter 7 most appealing. Chapter 13 is best for those who have a steady income and can save money each month toward a payment plan.
Tenina Law takes the time to understand your situation and your needs. We can then provide all of your options including non-bankruptcy options like a loan modification or bankruptcy settlement. You can take the first step to end your stress and sleepless nights.
Tenina Law is an experienced and dedicated law firm that specializes in bankruptcy law. If you are considering filing for bankruptcy in Ventura, Tenina Law can provide you with the professional and compassionate legal representation you need to navigate the process and achieve the best possible outcome.
One of the key reasons to choose Tenina Law as your Ventura bankruptcy lawyer is our extensive experience and expertise in the field of bankruptcy law. Our attorneys have a deep understanding of the bankruptcy code and have helped countless clients successfully navigate the process. We have the knowledge and skills necessary to help you understand your options, make informed decisions, and achieve the best possible outcome for your unique situation.
Another important reason to choose Tenina Law is our commitment to providing personalized and compassionate legal representation. We understand that filing for bankruptcy can be a difficult and stressful experience, and we are dedicated to providing the support and guidance you need to get through the process. Our attorneys take the time to get to know each of our clients and understand their unique needs and goals. We are committed to helping you find a solution that works for you and your family.
In addition to our experience and commitment, Tenina Law also offers a wide range of services to help our clients throughout the bankruptcy process. We can help you with everything from filing your initial paperwork to negotiating with creditors and representing you in court. We also provide a variety of other legal services, including debt settlement, foreclosure defense, and more.
At Tenina Law, we understand that the decision to file for bankruptcy is not one that is taken lightly. We are dedicated to providing the highest level of legal representation and support to help you achieve the best possible outcome. With our experience, expertise, and commitment to personalized service, we are the right choice for your Ventura bankruptcy lawyer.
f you are struggling with overwhelming debt and considering filing for bankruptcy in Ventura County, CA, the team at Tenina Law is here to help. Our experienced Ventura bankruptcy lawyer has a deep understanding of the bankruptcy code and has helped countless clients successfully navigate the process. We have the knowledge and skills necessary to help you understand your options, make informed decisions, and achieve the best possible outcome for your unique situation.
Don’t let debt control your life any longer. Contact Tenina Law today to schedule a consultation with one of our experienced attorneys. We will take the time to understand your unique situation and provide you with the personalized and compassionate legal representation you need to get the debt relief you deserve. Our goal is to help you regain control of your finances and move forward with a fresh start. Don’t wait any longer, call us today and take the first step towards financial freedom.