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Phone: 805.492.7045
Due to precautions related to COVID-19, we have expanded our options for remote consultations. Please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.

Tag: Creditors rights in chapter 7


Creditors Rights

Filing for bankruptcy offers you relief from debt when you are not able to pay it due to a certain reason. It puts a stay on your assets, meaning that your creditors will not be able to deduct any amount of money from your bank account or go after your assets. But it doesn’t relieve you from the debt altogether. You still owe it and are legally responsible to pay it either partially or fully depending on the court order. Besides, it also limits your options for getting a loan at the......

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