San Jose Chapter 7 Bankruptcy Lawyer

Helping Clients Make a Fresh Financial Start

Today's economy is difficult. The unemployment rate is up. Jobs are hard to come by. Many people are finding it necessary to use credit cards to pay for day-to-day expenses.

Although this may appear to solve the problem, it is only a temporary fix. Eventually credit card bills, along with their high interest rates, come due. Making the minimum payment each month seems to only leave you further and further behind.

Where Can You Find Relief?

At the offices of David A. Yomtov, Attorney at Law, we help individuals and families deal with overwhelming debt through the process of bankruptcy. San Jose Chapter 7 bankruptcy attorney David Yomtov, a qualified debt relief professional, can help you determine if filing for Chapter 7 or Chapter 13 bankruptcy is a viable option for your particular situation.

How Does Chapter 7 Bankruptcy Work?

Eligibility for Chapter 7 bankruptcy is determined by a means test. This test measures your income-to-debt ratio. Chapter 7 is often a good option for those who do not have a steady income or those who do not own property.

Chapter 7 bankruptcy uses funds from asset liquidation to pay your creditors. This does not mean you will lose everything you own. Many assets are exempt from being sold to pay debts. We will work with you to determine strategies for preserving your possessions while stabilizing your financial future.

Once you have filed for Chapter 7, an automatic stay is put in place. This stops all collection actions against you including wage garnishment. Once you have been granted a Chapter 7 bankruptcy, all dischargeable debts will be eliminated such as credit card and medical bills.

What Will Happen to My Credit Score if I File for Chapter 7?

It is a common misconception that filing for personal bankruptcy will ruin your credit forever. This is simply not the case. Although filing for bankruptcy will mar your credit for a period of time, chances are, it is already in rough shape. By starting fresh with a bankruptcy, you can begin rebuilding your credit for the future.

Contact a Debt Discharge Attorney in Sunnyvale

Chapter 7 bankruptcy can be the end of your cycle of debt and the beginning of a period of making financially sound choices. To schedule a consultation to discuss debt liquidation and relief, contact David Yomtov, a debt discharge lawyer. From Sunnyvale to San Jose, we represent clients throughout the Silicon Valley and San Francisco areas.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.