Attorney Michael Johnson has worked on hundreds of chapter 7 bankruptcy cases.
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Nobody said life would be perfect, but a Chapter 7 Bankruptcy may allow you to break free from your debt and to gain a new financial future. Bankruptcy is a tool that can put you on the path of constructing the life you want for you and your family. We all have set backs and bankruptcy gives you the boost you need to push forward.
My goal is to provide you with outstanding legal services with excellent client service. Debt can cause dispair and stress. Many of my clients come to me feeling discouraged, overwhelmed and sometimes emotionally broken. I understand the need to give each client encouragment, hope, and the motivation to help them put the pieces of their financial life back together.
Honest, good, hard working people file bankruptcy. I enjoy getting to know each person I work with and in most cases share a private personal bond or friendship with them for the rest of our lives.
At certain times in our lives we need to stop what we are doing, assess our situations, and then change course to make things better. If you are feeling overwhelmed with debt, don't have enough money to get ahead with minimum payments, then bankruptcy can help with:
As a Sacramento bankruptcy attorney I have worked with a wide variety of people from all walks of life, professions, ages, races, religions, and gender. Chances are you have a friend, neighbor, co-worker, or family member who filed bankruptcy and you don't even know it have worked with a Sacramento bankruptcy lawyer.
Everyone has a different reason as to how they incurred too much debt such as job loss, moving, health issues, divorce, failed business, and overall increases in the cost of living. The overwhelming majority of them have been honest, hard working people who just did not have enough money at the end of the day to pay back their debt in a reasonable manner. Their goals in working with a bankruptcy attorney were to lighten their debt load so that they could push forward in supporting themselves and their families. As part of bankruptcy indviduals take credit counseling classes on the computer and learn about budgeting to avoid being overwhelmed with debt again.
Bankruptcy is the oldest debt relief program in the country. From a public policy perspective the government does not want to see its citizens trapped in debt and unable to support their families. Also, the government would prefer for people not just to be working but to be active consumers in the economy spending money and paying taxes, not just servicing debt. Filing bankruptcy is a privilige and cannot be done frequently. The government sets specific guidelines on who can file bankruptcy and the type of bankruptcy that they can file to prevent abuse and to protect creditors. Thus, talking with a Sacramento bankruptcy attorney can help determine if you are eligible for debt relief.
1. Determine if You Qualify. The first step to see if you are allowed to wipe out your debts in a chapter 7 bankruptcy is to see if you qualify. Thus, you will talk directly with lawyer Michael Johnson who is knowledgable and experienced with hundreds and hundreds of chapter 7 cases. Your bankruptcy consultation will be directly with a banrkuptcy attorney, not with a paralegal or intake person. During the consultation a review will be done of you income, expenses, debts, assets, and financial affairs. If you qualify, then you will begin to work on gathering your paperwork.
2. Prepare Documents. After you provide our office with your paperwork we will work with you to prepare your bankruptcy petition. Together we will review, explain, and sign your bankruptcy paperwork. Also, you will take a short credit counseling class on the computer or on the phone. Once your petition is prepared and you have satisfied your credit counseling requirements you will be in a position to submit your paperwork to the court. When your paperwork is filed with the court it creates a bankruptcy "automatic stay" which stops creditors from calling and contacting you. It also stops wage garnishments, bank levies, and foreclosures. The chapter 7 bankruptcy process takes on the average about 3 1/2 months to go through.
3. Bankruptcy Process. Once your bankruptcy paperwork has been submitted then you will have formally started the chapter 7 bankruptcy process. You will be expected to take a second credit counseling class on the computer or phone. Also, Attorney Michael Johnson will accompany you to a court hearing called a "341 meeting of creditors" where you are interviewed by a bankruptcy trustee. The trustee is responsible to review and to ensure that you have completed your paperwork correctly, disclosed all of your assets, and verify your identity. Creditors are invited to attend the meeting but rarely attend unless there has been fraud or abuse.
4 Chapter 7 Bankruptcy Discharge. Approximatley 75 days after you attend your court hearing, if there aren't any issues, the bankruptcy court grants you a discharge of your debts. Your qualified debts are then wiped out and you are off to a fresh start!
If you would like to learn more about how a chapter 7 bankruptcy may be able to help you get a new lease of life, then feel free to contact our office for a free and confidential consultation. Some of the initial questions that will be covered are:
There will be other questions similar questions covered during the consultation. Also, it is helpful if you begin to gather your paperwork such as: current paystubs; tax returns; bank statements; credit report; mortgage statements; car statements; retirement and investment account statements.
* Advertised fee may vary if client's situation is more complex requiring means testing, reaffirmation agreements, and/or special motions. $100 initial retainer and payment plans can start case, respond to creditors, case review and planning , document gathering, petition preparation, and other elements to the cas, but bankruptcy petition cannot be filed with the court until the legal fees paid in full. The court allows individuals to pay their court filng fee on small monthly payments if needed.
We are a debt relief agency. We assist people in filing for protection under the United States Bankruptcy Code.
Attorney Michael Johnson is admitted into the Eastern District and Northern District of California and provides bankruptcy lawyer, tax lawyer, wills and trusts lawyer, legal services and solutions to Auburn, Carmichael, Davis, Elk Grove, Folsom, Galt, Gold River, Granite Bay, Lincoln, Lodi, Loomis, Mather, Natomas, Orangevale, Placerville, Rancho Cordova, Rocklin, Roseville, Sacramento, Shingle Springs, Placerville, Vacaville, Fairfield, Redding, Yuba City and Woodland. California's Eastern District Bankruptcy Court is located in the City of Sacramento and serves the following Counties & or Zip Codes: Alpine, Amador, Butte, Colusa, El Dorado, Glenn, Lassen, Modoc, Nevada, Placer, Plumas, Sacramento, Shasta, Sierra, Siskiyou, Solano, Sutter, Tehama, Trinity, Yolo and Yuba Counties plus the following ZIP Codes and towns in San Joaquin County: 95220 Acampo, 95227 Clements, 95234 Holt, 95237 Lockeford, 95240-95241-95242 Lodi, 95253 Victor, 95258 Woodbridge & 95686 Thornton.